Nonetheless, it is not so young that it cannot benefit from a reassessment of its past development, with an eye toward using those lessons to inform and guide the future. Major Milestones At meetings such as this one, it often is the practice to review major events in the development of the over-the-counter (OTC) derivatives market and to chronicle its growth.
In addition to the  2  DVP is a mechanism which ensures that “a delivery of securities occurs if, and only if, payment occurs.” DVP mechanism eliminates the principal risk associated with settlement of a securities transaction, which sometimes results in a large-scale loss. 3  Compared with DNS, RTGS substantially reduces systemic risk.