Primary Dealer Credit Facility (PDCF)
Announced by the Federal Reserve in March 2008, PDCF is an overnight loan program provided funding to primary dealers and bolster financial markets overall during the financial crisis. Credit under the program was secured with collateral. The facility was shut down on Feb. 1, 2010.
Nearby TermsPricing efficiency Primary dealer Primary Dealer Credit Facility (PDCF) Primary distribution Primary earnings per (common) share
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University