11.5 Sweep In to Account

This topic describes the systematic instructions to request Sweep In to Account. This screen helps to define sweep requests on customer accounts that get executed when the account balance falls below a predefined threshold value.

To define sweep in to account:

Note:

The fields marked as Required are mandatory.

1. On the Homepage, from Account Services, under Standing Instruction Maintenance, click Sweep In To Account, or specify the Sweep In To Account in the Search icon bar.
   The Sweep In To Account screen is displayed.

   Figure 11-9 Sweep In to Account

   
   Description of "Figure 11-9 Sweep In to Account"
2. On Sweep In to Account screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 11-9 Sweep In to Account - Field Description

   Field	Description
   Account Number	Enter the Account Number or click the search icon to view the Account Number pop-up window. By default, this window lists all the Account Numbers present in the system. You can search for a specific Account Number by providing Customer ID, Account Number, or Account Name and clicking on the Fetch button. When users enter the account number, the customer information is displayed.
   Account Name	Account Name is displayed based on the account number selected.
   Provider Account Number	Enter the Provider Account Number or click the search icon to view the Provider Account Number pop-up window. By default, this window lists all the Account Numbers present in the system. You can search for a specific Account Number by providing Customer ID, Provider Account Number, or Provider Account Name, and click Fetch button.
   Provider Account Name	Provider Account Name is displayed by default based on the Provider Account Number selected.
   Threshold Amount	Enter the Threshold Amount, and the account currency is defaulted. The sweep in the transaction will be executed during the end-of-day batch process if the balance in the credit account goes below the threshold amount.
   Minimum Balance After Sweep	Minimum Balance After Sweep is the amount that is left in the Provider Account after the Sweep In instruction is executed. The minimum balance after sweep ensures that a certain balance is left in the Provider Account and only the excess amount is swept. This is an optional field.
   Frequency	Select the frequency for the sweep in.
   Month End Execution	Switch to to enable the month end execution for the sweep in. Switch to to stop the month end execution for the sweep in.
   Start Date	Users can define the Start Date for the sweep in instruction. Start date cannot be backdated.
   End Date	Users can define the End Date for Sweep In instruction, Sweep In instruction will be closed after the end date.
   Narrative	The narrative will be defaulted to Sweep In to Account. The defaulted value is modifiable.