Same-Day Funds Settlement

(redirected from Same Day Settlement)

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.
Mentioned in ?
References in periodicals archive ?
Under the existing model for end-of-day evaluations, floating NAV funds may no longer have the ability to offer same day settlement.
The key difference, as promulgated by the regulators, is the requirement to capture in-flight transactions for same day settlement and recovery of systems within two to four hours.
Based on Fitch's rating criteria related to self liquidity (see Fitch's report 'Guidelines for Rating Variable Rate Demand Bonds and Commercial Paper Issued with Internal Liquidity' dated March 7, 2006) NMHS' eligible cash and investment position available for same day settlement would cover the cost of the maximum tender exposure on any given date by 1.
Based on Fitch's Rating Criteria related to Self Liquidity (see Fitch's report 'Guidelines for Rating Variable Rate Demand Bonds and Commercial Paper Issued with Internal Liquidity' dated March 7, 2006), NMHS' eligible cash and investment position available for same day settlement would cover the cost of the maximum tender exposure on any given date by 2.
com), PHS' eligible cash and investment position available for same day settlement would cover the maximum funding requirements of both the CP program and the tender offer by 11.
7, 2006) Trinity's eligible cash and investment position available for same day settlement would cover the cost of the maximum tender exposure on any given date by 3.
Same day settlement for `on us' debits with links to many core
Any same day settlement inclearings can also be redirected to the Federal Reserve for inclusion in this service.
These two benefits, combined with same day settlement, helps with cleaner, faster annuity processing for the investment professional.
With Cloud-based integration to the signed bill of lading captured in the field, PSL integrates with any dispatch, accounting or document imaging software application to provide same day settlements.