2.7 Range Based Balancing
This topic provides the information about the Range Based Balancing method.
The funds are swept when the available balances are beyond a certain range. A minimum and a maximum range is defined based on which sweeps are initiated from or to child account to make the child account attain a fixed balance.
Example: If a child account fixed balance is 50, the minimum range amount is 10, and the maximum range amount is 100. Then, if the child account balance goes below 10, the sweeps to child account happens to make the child account balance 50 (Sweep of 41 if the Balance is 9), but if the child account balance is more than 100, then the balances above 50 is swept away from the child account.
Parent topic: Cash Concentration Methods