Cash Sweep Model†

The Cash Sweep Model Maintenance document is used to manage your institutionís specifications for periodically and automatically sweeping uninvested cash into short-term investment vehicles. Each KEMID may be associated with only one cash sweep model. Each model controls separate investments of income and principal. If a KEMIDís cash balance is negative when the automated process is run, your institutionís business rules may allow for the sale of investments to cover the negative balance.

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