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 Funds in a financial institution that may be withdrawn or otherwise used on the same day they are deposited.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 ?
Upon the terms and subject to the conditions specified in the Offer to Purchase, Ensco expects to accept for payment all remaining Notes validly tendered and not validly withdrawn in the Tender Offers and to make payment for such Notes in same-day funds on February 9, 2018.
The company intends to accept for payment all notes validly tendered and not validly withdrawn in the tender offer and expects to make payment for the notes, including notes delivered in accordance with the guaranteed delivery procedures, in same-day funds on 13 March 2015.
7 billion) in same-day funds after the dollar hit 76.
Motorola expects to make payment for all debt securities accepted for purchase under the offer in same-day funds today,.
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.
Chesapeake expects to make payment for the Notes accepted for purchase in same-day funds on September 14, 2016.
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.