Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Delivery Versus Payment Settlement

Fannie Mae

Updated 10-31-2026

Delivery Versus Payment Settlement

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. 11–12

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