Process Cash Sweeps

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.

To process a cash sweep:

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.
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.
Complete the remaining options on the Run Cash Sweep panel.
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.

Option	Tag	Description

Option	Tag	Description
Cash Sweep
Select Query Option	2283	Indicates whether to sweep activity for one or all entities. You see additional fields depending on your selection. Options include: One Entity. Sweeps cash for a specified entity. All Entities. Sweeps cash for all entities. If you select all entities, you can restrict the cash sweep to a specific STIF asset, cash account, and/or Process Center.
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity. You can specify a single entity or an entity list. If you select an entity eligible for cash segregation, you see additional fields that allow you to restrict the cash sweep to a specific STIF asset and/or cash account.
Entity Name	1164	Specifies the name of the entity. You can specify a single entity or an entity list. If you select an entity eligible for cash segregation, you see additional fields that allow you to restrict the cash sweep to a specific STIF asset and/or cash account.
Sweep Security Information
STIF Issue Name	301	Specifies the issue name of the STIF security for which to process cash sweeps. If you selected All Entities, you can choose a cash sweep asset assigned to an entity and/or to a cash account. Or if you selected One Entity and you use cash segregation, you can choose a cash sweep asset assigned to a cash account.
STIF Asset ID	364	Specifies the primary asset ID of the STIF security for which to process cash sweeps.
Cash Account Information
Cash Account Name	11696	Specifies the name of the cash account for the custodian for the bank settlement. You can sweep cash by cash account if you use cash segregation. Use this option only if you use cash segregation and are sweeping cash from the cash account cash balance into a STIF or interesting bearing fund. If you are processing a cash sweep for a cash account, you cannot concurrently specify values for the STIF Issue Name or STIF Asset ID options.
Cash Account Number	11697	Specifies the account number of the cash account for the custodian for the bank settlement. Use this option only if you use cash segregation and are sweeping cash from the cash account cash balance into a STIF or interesting bearing fund. If you are processing a cash sweep for a cash account, you cannot concurrently specify values for the STIF Issue Name or STIF Asset ID options.
Entity Attributes
Process Center	4896	Specifies the entity's process center.
Partition ID	95	Specifies the entity partition code.