Same-Day Funds Settlement

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Same-Day Funds Settlement (SDFS)

A method of settlement used in trading between well-collateralized parties in good-the-same-day federal funds used by the Depository Trust Company for transactions in US government securities, short-term municipal notes, medium-term commercial paper notes, CMOs, and other instruments.

Same-Day Funds Settlement

Describing a transaction on which the settlement date occurs on the same day as the trade date. Most of the time, same-day funds settlement occurs for funds transferred over the Fed Wire service; in other words, this type of settlement occurs only for the least risky securities and funds.
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The SDFS program is scheduled to be extended to the $400 billion commercial paper market on a pilot basis in mid 1989.
Because schools rely so heavily on the SDFS program, new federal policies and legislation are bound to have a profound impact on prevention education at the local level.
The members of the Ohio Masonic Fraternity in conjunction with the Ohio Department of Education's Safe, Drug-Free Schools (SDFS) office established the award to recognize SDFS coordinators who have demonstrated outstanding performance in promoting "Safe, Drug-Free Schools" in Ohio.