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Entity STIFDEMO, a USD dollar based fund, is set to sweep cash into a US dollar based STIF security.
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.
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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 |
Day 2
Entity STIFDEMO:
Starts out with a 100,000.00 STIF Balance (position).
Prior to running the cash sweep, the $50,000 debit unsettled balance from the previous day has been settled, along with new activity totaling a $65,000 credit to Settled Cash, leaving Eagle Accounting with a Credit Cash Balance of $15,000.
The sweep process is run and a sale of STIF for 15,000 Par at $1 (total of $15,000) is generated and settled.
This results in an end-of-day STIF Position of 85,000 Par, a Settled USD Cash balance of 0, and an Unsettled USD Cash balance of 0.
Before
The following table shows
Balances before the sweep process.
Day |
|---|
2 Before Sweep | Amount |
|---|---|
Prior Day Ending Cash Balance from Day 1 | $0.00 |
Settlement Activity for Day 2 | ($15,000.00) |
Settled USD Cash |
for Day 2 | ($15,000.00) |
Unsettled USD Cash |
for Day 2 | $0.00 |
STIF Balance ( |
par) |
100,000.00 |
Sweep is run, settled cash is swept, and a
sell of STIF is processed.
After
The following table shows
balances after the sweep process.
Day |
|---|
2 After Sweep | Amount |
|---|---|
Settled USD Cash | $0.00 |
Unsettled USD Cash |
$0.00 | |
STIF Balance (par) | 85,000.00 |
Day 3
Entity STIFDEMO:
Starts out with an 85,000.00 STIF Balance (position).
Prior to the cash sweep being run, new activity is entered and settled, thus creating a Settled Credit Cash balance of $97,000.
The sweep process is run, and a sale of STIF for 85,000 Par at $1 (total of $85,000)
Day 2
Day 3
Day 4is generated and settled.
Due to an insufficient STIF position to cover the entire cash balance, an ending credit Settled Cash Balance of $12,000 remains.
Before
The following table shows Balances before the sweep process.
Day 3 Before Sweep | Amount |
|---|---|
Prior Day Ending Cash Balance from Day 2 | $0.00 |
Settlement Activity for Day 3 | ($97,000.00) |
Settled USD Cash for Day 3 | ($97,000.00) |
Unsettled USD Cash for Day 3 | $0.00 |
STIF Balance (par) | 85,000.00 |
Sweep is run, settled cash is swept, and a buy of STIF is processed.AfterThe following table shows balances after the sweep process.
Day 3 After Sweep | Amount |
|---|---|
Settled USD Cash | ($12,000.00) |
Unsettled USD Cash | $0.00 |
STIF Balance (Par) | 0.00 |
Day 4
Entity STIFDEMO:
Starts Day 4 with a 0 STIF Balance (position), and a Credit Cash Balance of $12,000.
Prior to the cash sweep being run, new activity is entered for a total of $12,000 Debit, and is then settled, creating a Settled USD Cash for Day 4 of $0.
The sweep process is run, but no sweep transaction is generated, because there is no cash balance to sweep.
Before
The following table shows Balances before the sweep process.
Day 4 Before Sweep | Amount |
|---|---|
Prior Day Ending Cash Balance from Day 3 | ($12,000.00) |
Settlement Activity for Day 4 | $12,000.00 |
Settled USD Cash for Day 4 | $0.00 |
Unsettled USD Cash for Day 4 | $0.00 |
STIF Balance (Par) | 0.00 |
Sweep is run, settled cash is swept but no STIF transaction is processed.
After
The following table shows balances after the sweep process.
Day 4 After Sweep | Amount |
|---|---|
Settled USD Cash | $0.00 |
Unsettled USD Cash | $0.00 |
STIF Balance (par) | 0.00 |
On this page
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