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.