Same Day Funds

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Same Day Funds

1. Funds in a financial institution that may be withdrawn or otherwise used on the same day they are deposited.

2. Fed funds transferred through the Fedwire.

2. See: Same-day funds settlement.
References in periodicals archive ?
Target expects to make payment for the applicable Notes accepted for purchase in same-day funds on July 16, 2014.
7 billion) in same-day funds after the dollar hit 76.
CBS Corporation expects to make payment for all notes accepted for purchase, including payment of accrued but unpaid interest on the notes, in same-day funds on Wednesday, November 3, 2010.
The central bank provided same-day funds to banks and brokerage houses for the first time in December 2, 2009, a day after it announced that it would inject fresh funding to counter deflation and ease concerns over debt problems in Dubai.
However, the full implementation of the technologies of paperless municipal bonds and same-day funds settlement is bringing funds transfer mechanics more into the spotlight and necessitating that issuers develop more fail-safe procedures in cooperation with their paying agents.
22, payment practices for all securities trades will shift from next-day funds settlement (NDFS) to same-day funds settlement (SDFS), meaning payments will have to be made in good money.
The study recommended that trades be settled promptly (no later than three business days after the trade date or T+3), in same-day funds, and according to the principle of delivery versus payment.
A same-day funds settlement (SDFS) service introduced by DTC in July of 1987 will extend the depository's book-entry services to include medium-term notes, jumbo CDs, commercial paper, and mortgage-backed securities.
Notes purchased pursuant to the Offer have been or, as the case may be, will be paid for in same-day funds on the third business day following the date of tender, or as soon thereafter as practicable.
AT&T expects to make payment for the applicable Maximum Tender Offer Notes accepted for purchase in same-day funds on December 5, 2013.
The Company will pay the Notes Consideration plus all accrued and unpaid interest on the Notes purchased pursuant to the offer in same-day funds promptly after the Expiration Time (the "Settlement Date"), which is expected to be on or about Tuesday, October 19, 2010.
was not in compliance, however, with two of the recommendations: 1) the settlement of securities transactions within three business days of trade date and 2) the payment for transactions in same-day funds.