The Dubai Financial Market says it is ready to introduce the ‘delivery versus payment’ system before the end of this first quarter
Part of plans to implement international best practices
Dubai set to be at forefront of DvP implementation in UAE
“Significant development” for UAE to adopt ‘emerging market’ status
The Dubai Financial Market (DFM) said today that it is keen to introduce the ‘delivery versus payment’ (DvP) settlement system before the end of the first quarter of 2011 in plans to drive forward the implementation of international best practices.
If the DFM’s plans go ahead, Dubai will be the first market in the United Arab Emirates (UAE) to introduce DvP.
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