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You set up the sweep vehicle with a processing security type of either STIF (DBSTST) or Mutual Fund (EQEQMF) for use with cash sweep processing. You can use a sweep asset priced at 1 or can set up the sweep asset as a floating price instrument. You can also set up corporate actions for the sweep asset, such as coupons and maturities.

The Short Term Invest Fund (STIF) Vehicles chapter of the Fixed Income Processing User Guide provides For detailed information about how to set up cash account-level cash sweeps when you use cash segregation, see Manage Cash Sweeps.

Process and Report on Cash Account-Level Cash Sweeps

You use the global Run Cash Sweep panel to process cash sweeps. During cash sweep processing at the cash account level,  the 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:

• Run a global process to perform the cash sweep. 

• View position information for sweep assets.

• Maintain and report on the principal and income breakdown for sweep transactions.

• Report on cash sweep information.

The Short Term Invest Fund (STIF) Vehicles chapter of the  Fixed Income Processing User Guide provides For detailed information about how the system processes and reports on cash account-level cash sweeps when you use cash segregation, see Manage Cash Sweeps.