Executing sweeps on-demand

If you have the relevant rights, Liquidity Management System (LMS) allows you to execute a sweep agreement on demand.

Sweep agreements that are configured for execution on demand can be executed (the Allow On Demand field set to Yes by bank).

To execute sweeps on demand

The icon indicates the presence of a list containing the relevant information. You can choose to type the value or type % to view the list.

1. Navigate to Liquidity.

2. Click Sweeping >> Sweep Transactions. The Sweep Transactions page is displayed.

3. Select the required agreement and from the Select dropdown click Execute. The Select Balance Type popup window is displayed.

4. The Client name, Agreement Code, and Agreement Name fields are auto-displayed.

5. Select whether you want to execute the on-demand sweep on the basis of Book or Available balance.

6. Click Submit. The transaction moves to the Approval Queue for approval.

For more information about approval, see Approving a sweep transaction.

Following is example of Select Balance Type: