An overnight loan that is available to a Primary Dealer, and is structured as a repurchase agreement. The loan matures the day after it is taken, and uses the primary credit rate determined by the Federal Reserve. The facility was created in early 2008, and was the first time that the Federal Reserve loaned money directly to investment banks, and was meant to stimulate the overall financial market.
Related information about Primary Dealer Credit Facility (PDCF):
- Primary Dealer Credit Facility - Wikipedia, the free encyclopedia
... crisis and the collapse of Bear Stearns, the Federal Reserve announced the creation of a new lending facility, the Primary Dealer Credit Facility (PDCF).
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Jul 21, 2009 ... Primary Dealer Credit Facility (PDCF). Sponsor: Federal Reserve Bank of New York. (FRBNY). Summary: •. Overnight loans available for ...
- Primary Dealer Credit Facility (PDCF) Definition | Investopedia
An institution created by the Federal Reserve to provide overnight loans to primary dealers through their clearing banks in exchange for eligible collateral.
- What is Primary Dealer Credit Facility (PDCF)? definition and meaning
Definition of Primary Dealer Credit Facility (PDCF): An overnight loan that is available to a Primary Dealer, and is structured as a repurchase agreement.