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You use the global Cash Sweep panel to process cash sweeps. During cash sweep processing at the cash account level, the system creates sweep open and close transactions. It creates holdings for the new sweep asset on all accounting bases for the entity based on what was linked to the cash account you are sweeping.
The sweep process also generates transactions at the CUST accounting basis level, as that is where it maintains the custody account breakout. The sweep asset generates cash held at same custody location where the cash is a balance account (as determined by the Cash Balance Indicator option). With cash sweeps, you can:
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