Working with sweep transactions

Page element

Description

Filters

Use the following filters to narrow down your search for sweep agreements:

•       Company: Specify the company name.

•       Agreement Code: Specify the agreement code or name.

•       Live/Non Live: Select Live or Non Live statuses as required.

•       Structure Type: The available options are All, Sweep, Flexible, and Hybrid.

To clear the applied filters, click Clear Filters.

Retaining Filters: Selected filter values are retained for the period that you are logged in even when you navigate to other pages. Filters values are reset to default only after you logout of the system or clear filters.

Select dropdown

You can perform the following actions on an agreement:

•       Adjustment: Adjustment feature is enabled only for those agreements for which the Manage Inter Account Position feature is enabled. The Adjustment feature enables you to adjust the inter account position for an account pair for an agreement in Liquidity Management System. Such entries are not posted to the host system.

•       Transfer: Transfer feature enables you to re-run a particular movement from an agreement between an account pair, if the movement failed to generate due to any reason. In this case, LMS does not generate balance requests and you must specify balance for the transaction. After the transfer is authorized, the entries are handed off to the host system for posting.

•       Execute: Execute feature is available only for agreements with the Allow On Demand feature enabled. While executing an agreement, you must select the required balance type (Available or Book Balance), whenever required. In this case, LMS generates balance requests upon approval. Upon receiving balance response based on the movement conditions the movement transactions are generated, and the entries are handed off to the host system for posting.

•       Simulate: Simulate feature is available only if it is enabled while on-boarding the client. You can simulate agreement execution by specifying the balances for the accounts participating in the agreement, without posting the details to the core banking system. This feature does not need any authorization.

•       Cancel Schedule:This option enables you to cancel the execution of any scheduled agreement. The summary grid on the page displays the next scheduled execution, based on the current application date. To cancel the next scheduled execution, select the required agreement and click Cancel Schedule. After approval, the agreement is not executed for the cancelled schedule.

Pagination bar

Depending on the volume of data displayed in the list, the list can have one or more pages. You can navigate through the page by using the pagination bar.

Approval Queue

Any action taken on an agreement (such as adjustment, transfer, execute, and cancel schedule) that requires approval, must be approved in Fusion Cash Management before the transaction is processed.

Click Approval Queue to view the transactions requiring approval. The checker user can approve, reject, and view maker history of these transactions.

View

Click to see or set number of records on a single page.

Grid

The grid displays a list of existing sweep agreements or displays agreements based on the chosen filter criteria.

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