Glossary BG Image

Glossary of Stock Market Terms

Browse Terms By Number or Letter:
Financial Terms By: p
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.

Copyright © 2018, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.