Series 6: 8.3.3. COD/DVP Instructions

Taken from our Series 6 Online Guide

8.3.3. COD/DVP Instructions

Cash on demand (COD), or delivery vs. payment (DVP), simply means that delivery and payment must occur simultaneously. COD means that a buyer does not have to pay for its purchased securities until it receives them. Delivery and payment is usually processed automatically from a customer’s agent, which is typically a bank.

A COD/DVP account must be approved by a registered clearing agency that uses an automated confirmation and acknowledgment sys

+ Read More

More Series 6 Info

What are people saying?

Create an Account

Since you're reading about Series 6: 8.3.3. COD/DVP Instructions, you might also be interested in:

Series 24 - 4.1.10. Communications Guidelines: Cooling-Off Period

Series 28 - Clearance of Corporate Debt Securities

Series 66 - Chapter One

Series 14 - 2.4. Transacting Business on an Exchange

Series 63 - 4.7 Advertising

Series 53 - 3.1.3.1. Written Supervisory Procedures and Approval by Principal

Series 7 - Exercise

Series 7 - 3.4.2. Flat Bonds

Series 14 - 4.3. Withdrawal of Equity Capital

Series 24 - 1.2.5. Conditions of Individual Registration

Series 66 - Protective Provisions

Series 51 - SIPC Coverage Limitations

Series 24 - Supervising the Conduct of Associated Persons

Series 24 - Review Quiz

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I utilized the Solomon SIE and Series 6 Top-Off study guide package. I passed on the first time by following the exact recommendations. While the test is different than the study exam questions it covers the content in a detailed way preparing you to successfully pass the exam. Great product and customer service!

Michael Gehrich, Allstate Insurance, Ft Myers, FL

I have used Solomon exam prep for the 6/63 and was able to pass on the first try. Now I’m taking the 65 and hope to do the same. I’ve used other recommended exam prep courses and came back to Solomon for the 65 because of ease of use. I would recommend Solomon to anyone that is in need of a securities exam. All the content is laid out in an easy to follow way.

Antonio Mendoza, State Farm. Santa Maria , CA.

So thankful for Solomon, passed my s6 ! After failing twice on other testing website . Using Solomon help me master the testing questions

Seara Izakson, Primerica, Orlando, FL

I just took my SIE, Series 6 and Series 63 exams — I took them all on the same day (would recommend breaking them into separate days if you can, but I had specific work reasons I had to get them done). In any event, I PASSED all 3 exams. I used the Solomon materials and was extremely satisfied. Great study materials, I couldn’t have done it without your help. Thank you!

Glenn M., Detroit, MI

After failing the SIE with a different study company, I passed after using Solomon! I then passed the S6, S63 and S65 on the first try after studying with Solomon materials! I loved how easy the material was to comprehend and the practice tests were amazing! I felt well prepared for each test! Thank you Solomon!

Sara Hays, State Farm. Atascadero, CA

After multiple failed attempts at the Series 6, I felt somewhat defeated. I reached out to Solomon for guidance and I was more than impressed with the response I received. The study material was outstanding and the program structure is truly designed to help you pass! Jeremy Solomon was truly my biggest fan and I can't thank him enough for his help! Solomon is by far the best company out there for test preparation; don't waste any more money on the others this is all you will need to pass!

Tory Hamlin, Agency Owner, Jacksonville, FL