Day 1
At the time of the Cash Sweep, Entity STIFDEMO:- Has a positive (Debit Balance) of $100,000.00 Settled USD Cash balance.
- A $50,000.00 debit pending USD cash settlements due to settle on Day 2.
- The sweep process is run and a purchase of STIF for 100,000 Par at $1 (total of $100,000) is generated and settled.
- Once the sweep has been processed, the portfolio has a 0 Settled Cash Balance, but still has a $50,000 Unsettled USD Cash balance.
Before
The following table shows Balances before the sweep process.
| Day 1 Before Sweep | Amount |
|---|---|
Settled USD Cash | $100,000.00 |
Unsettled USD Cash | $50,000.00 |
STIF Balance (Par) | 0.00 |
Sweep is run, settled cash is swept, and a buy of STIF is processed.
After
The following table shows balances after the sweep process.
| Day 1 After Sweep | Amount |
|---|---|
Settled USD Cash | $0.00 |
Unsettled USD Cash | $50,000.00 |
| STIF Balance (Par) | 100,000.00 |