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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FedACH Services will offer two new same-day settlement windows providing settlement at 1 p.
We also expect that some issues may arise from the same-day settlement (EM are mostly t+1).
Featuring daily fantasy sports play and same-day settlement, DraftKings makes playing fantasy sports simpler and faster for both seasoned and casual players.
The fund was launched on October 8, 2004, and offers same-day settlement.
At its 15 November meeting, the Payments System Board welcomed the imminent commencement of same-day settlement of DE payments.
Prime institutional MMFs impose same-day settlement in most instances.
The EFSA hopes to remove remaining emergency curbs on stocks' daily price movements in the next few months, and may also restore same-day settlement of trades, which was suspended last February, Sharkawy said.
Same-day and spot rates, including same-day settlement across all major currencies and spot settlement in over 135 currencies, regardless of the number of payments made.
This new same-day settlement will allow checks that are converted to ACH to be cleared and settled on schedules similar to those in place currently for the Fed's Check 21 image exchange services.
The transition to same-day settlement dates back to a Group of Thirty (G-30) set of recommendations to the U.
Securities Trading Moving to Same-Day Settlement Feb.
McEntee observed that, by January 1995, large banks might be able to allow their large corporate clients same-day settlement for the ACH credit option.