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 U.S. government securities, short-term municipal notes, medium-term commercial paper notes, CMOs, and other instruments.

 

Related Words

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 U.S. government securit . . . View Full Definition

Same-Day Substitution: Offsetting changes in a margin account during the day that result in no overall change in the balance of the account.

Reserve Funds: An expense category in the operating budget. Monies that are set aside for replacement expenditures not covered by insurance such as roof or furnace repairs.

Settlement: The time when loan and mortgage documents are formally signed and the loan transaction is completed. Sometimes called 'Closing.'

Settlement Agent: The person who organizes and is in charge of the loan closing. The settlement agent is the person who can explain any document the borrower must sign.

Settlement Options: The various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out.

Settlement Date: The settlement date is the date by which a securities transaction must be finalized. By that date the buyer must pay for the securities purchased in the transaction, and the seller must deli . . . View Full Definition

Regular Way Settlement: In the money and bond markets, the standard basis on which some security trades are settled is that the delivery of the securities purchased is made against payment in Fed funds on the day f . . . View Full Definition

Regular Settlement: Transaction in which a stock contract is settled and delivered on the fifth full business day following the date of the transaction (trade date). In Japan, regular settlement occurs three bu . . . View Full Definition

Not-Sufficient-Funds Check: A bank check having insufficient funds to back it.