exchange-for-value settlement system

What is exchange-for-value settlement system?

exchange-for-value settlement system definition and meaning on Finance terms:
A general term referring to systems which simultaneously exchange the two assets involved in a foreign exchange transaction or a securities transaction. See also
delivery versus delivery
delivery versus payment
payment versus payment<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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