According to BankBazaar, any individual who runs a small business and has a current account need not take an overdraft on the fixed deposit held by them, setting up a sweep account
will be more beneficial for them.
If a fund has liquidity issues, cash could be unavailable to settle trades in a sweep account
banking services requested by the county trustee~s office include a checking account, sweep account
and the option of the employee payroll account.
The debtor maintained an operating account and a corresponding investment sweep account
as its only bank accounts.
There is also a sweep account
functionality and ACH origination.
With the repeal of Regulation Q, we were interested in eliminating the need for a third-party vendor sweep account
, benefiting both the bank and the customer by consolidating two accounts and reconciliations into one account with interest.
Cash Management Access Accounts are essentially a brokerage account that holds investment assets and redirects un-invested money into a sweep account
Also set up a sweep account
applying the extra cash on hand against lines of credit, reducing interest expense.
8 (e), officially known as the Final Rule on Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure and popularly known as the Failed Bank Rule, sets out the criteria for all sweep account
investment options are available based on a company's needs.
The sweep account
activities push-out exception is codified in Exchange Act Section 3(a)(4)(B)(v).
For cash that you might need soon, the solution is likely a sweep account