Skip to main content
A typical DvP order operation follows this flow:
  1. Create a DvP Proposal
    One party (the proposer) creates a DvP proposal contract that describes the swap terms: what instruments and amounts will be delivered and what will be paid, plus key timing parameters (for example, allocation and settlement deadlines).
  2. Accept the Proposal and form the agreement
    The counterparty accepts the proposal. This acceptance results in a DvP agreement (a DvP contract) between the buyer and seller under the same terms.
  3. Allocate assets according to the terms
    Both parties create the required token allocations for the instruments and amounts specified in the agreement. Allocations represent each party reserving/committing the assets needed for delivery vs payment.
  4. Settle automatically when both sides are allocated
    Settlement completes automatically once all required allocations are in place. At that point, delivery and payment are executed together according to the DvP terms.
If any party fails to meet the contractual obligations and fulful their part of the contract, settlement fails, and the transaction rolls back. No assets move from one account to another.
E6e238ad 2cea 4079 Bd55 1602222afc94