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.

Content on this page:

Before

The following table shows Balances before the sweep process.

Sweep is run, settled cash is swept, and a buy of STIF is processed.

The following table shows balances after the sweep process.

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.

The following table shows balances before the sweep process.