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Free of payment  (FOP) - Financial definition

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Financial acronyms

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Translations:      FR  franco paiement (loc.)     ES  libre de pago (loc.)     DE  franko Zahlung (loc.) , ohne Gegenwertverrechnung (loc.) 
Synonym:  delivery versus free

  Concise definition of the term free of payment

Free of payment is a settlement method for a securities transaction in which the delivery or reception of the securities is not linked to a corresponding transfer of funds.

 Additional information related to this definition

Definitions of related terms

Delivery versus payment   •  Receipt versus payment

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