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Same-Day Funds Settlement
(redirected from SDFS)

   Also found in: Acronyms 0.01 sec.
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 coordinator recruited all 42 school districts in the 11 counties.
Unlike PTC and CHIPS, however, DTC's SDFS system does not employ a special settlement account but rather relies on DTC's regular account at the Federal Reserve Bank of New York to receive transfers from and make transfers to settlement banks acting on behalf of system participants.
began global book-entry offerings of medium-term notes through DTC's SDFS system.
 
 
 
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