- Perfect for companies with excess cash balances not needed for daily operations.
- Offers detailed transaction reporting.
- Maximizes the earning potential of surplus funds while maintaining the liquidity of your working capital.
| Efficiency || |
- Automatically maximizes the earning potential of surplus funds while providing liquidity for your working capital requirements.
| Detailed transaction oversight and options || |
- View daily funds movements and investment maturities in your checking account.
- Utilize overnight Repurchase Agreements, Euro Dollar sweeps and Money Market sweeps.
- Choose from a wide range of automated investment alternatives with daily and monthly reporting.
- Select from three options: sweep to investment, sweep to line of credit, and sweep to line to investment.
| SweepNet® reporting || |
- Provides ready access to transaction detail and cash positions of subsidiaries' zero balance accounts.
- Simplifies calculation of internal cost of funds and sweep to line to investment.
| 24/7 monitoring || |
- Pays down linked lines of credit with excess balances.
- Allows for desired operating balance targets and sweeps from line of credit, if available, when balances fall below a pre-set level.
- Automates maintenance of targeted balances.
View additional information about Automated Sweep Services (PDF)
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