Delivery Versus Payment Settlement
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
Also called “delivery against funds” or “existing issue.” A settlement option for trades of existing MBS under which Fannie Mae will credit the lender’s account at the institution that wires the security to its trading desk as soon as the security is received.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 10–13
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