Occurs when the buyer of securities pays for them when the actual delivery is made at the buyer's bank. This transaction is also known as a DVP or Delivery versus Payment. Regulation T states other conditions for DVPs.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). cash on delivery or cod (cod) transaction. Retrieved October 1, 2026, from http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580 |
| Chicago | Barry Goldsmith. 2010. "cash on delivery or cod (cod) transaction" http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, cash on delivery or cod (cod) transaction, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580>. |
| MLA | Barry Goldsmith. "cash on delivery or cod (cod) transaction" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580> |