Primary Dealer Credit Facility - PDCF
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Definition of 'Primary Dealer Credit Facility - PDCF'
An institution created by the Federal Reserve to provide overnight loans to primary dealers through their clearing banks in exchange for eligible collateral. The Primary Dealer Credit Facility (PDCF) provides loans that settle the same business day and mature the following business day. As of February 3, 2009, the PDCF will remain in operation until October 30, 2009.
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Investopedia explains 'Primary Dealer Credit Facility - PDCF'
The Primary Dealer Credit Facility was established in order to encourage financial markets to function more effectively. Primary dealers borrow overnight loans from the PDCF through their clearing banks at the primary credit rate offered by the Federal Reserve Bank of New York.
A frequency-based fee is assigned to primary dealers who borrow from the PDCF on more than 45 business days.
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Search results for 'Primary Dealer Credit Facility (PDCF)'
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http://www.investopedia.com/articles/basics/09/understanding-bailout-acronyms.asp
... announced the creation of the Primary Dealer Credit Facility. Unlike TAF and TSLF,
which were designed to address long-term funding needs, PDCF provides daily ...
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http://www.investopedia.com/articles/economics/10/understanding-the-fed-balance-sheet.asp
... So we have seen Term Auction Facility (TAF), Primary Dealer Credit Facility (PDCF)
and many other complex acronyms getting reflected as the Fed's assets over a ...
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