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In the Run Cash Sweep panel, you can globally process cash sweeps at the entity, process center, partition, STIF asset, or cash account levels. By default, the cash sweep processes for the current post date and trade date.

Eagle's Accounting solution allows you to use the cash sweep process in two ways.

• You can use cash sweep processing to process a purchase or sale of a short term investment fund (STIF) vehicle for cash balance. The system can "sweep” the current base currency cash balance into a STIF vehicle. The system processes entities eligible for cash sweeps.
• If you use cash segregation, you can use cash sweep processing to "sweep" the cash balance from a cash account into a Money Market or other interest bearing account (STIF or mutual fund security). The system processing cash accounts eligible for cash sweeps.

Eagle Accounting does not oversell the STIF vehicle and create a technical short position, but rather simply sells out the STIF and brings it to a zero position.

You can schedule cash sweeps to run automatically or you can run cash sweeps manually on an intra-day exception basis. When you use the automated process, you can only process cash sweeps for the current day. Any As Of processing using a STIF security must be done manually, using the debt bond buy/sell panels.