Account Sweep
Account Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. With this functionality, you can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.
Define Sweep Type
POSTCreates sweep type for virtual accounts.
Amend Sweep
PUTAmend existing sweep setup for example the sequence , minimum and maximum amount
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Creates the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes
Create a Sweep
POSTCreates sweep with rules which will be checked against to see if a transfer of funds needs to be made from one account to another.
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Amends the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes.
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Creates intra-day sweep for virtual accounts. This is used to run the cash pooling on-line if the group permits.
Secondary Limit
You can set secondary limits for an account that has one or more child accounts. A primary limit is the minimum and maximum limit of a parent account (for example, a summary account or currency summary account) whereas a secondary limit indicates the minimum and maximum limit of the virtual accounts under the parent account. For instance, if a summary account with two transaction accounts has a primary limit of 10000 EUR, you can set the secondary limit for each transaction account at 5000 EUR.
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Updates the secondary limit for summary accounts. This helps in monitoring the availability and utilisation of limits.
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Updates the secondary limit for virtual accounts. This helps in monitoring the availability and utilisation of limits.