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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.

Content on this page:

To process a cash sweep:

  1. In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes > Cash > Run Cash Sweep.
    You see the Run Cash Sweep panel.
  2. Under Cash Sweep, in the Select Query Option field, select One Entity or All Entities.
    If you select One Entity and choose an entity ineligible for cash segregation, you can specify a single entity or entity list. Otherwise, if you select One Entity and choose an entity eligible for cash segregation or you select All Entities, you can select a sweep asset, cash account, and/or a Process Center for processing, along with an entity partition.
  3. Complete the remaining options on the Run Cash Sweep panel.
  4. Click Submit.

Run Cash Sweep Panel Options

In the Run Cash Sweep panel, when you process a cash sweep globally, you can select various options based on the requirements of your business. Note options may vary according to your selections.





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