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Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make...

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Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make a cash payment by which of the following deadlines?

A.

On the 5th business day after execution

B.

Before or at the same time as securities being delivered

C.

No later than 3 days after the securities are delivered

D.

By the agreed-upon settlement date with the issuer

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