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How to ensure ZERO EOD Balance in call account.

  • kmanyam
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7 years 5 months ago #20416 by kmanyam
We have a regulatory requirement to ensure that client always maintain a minimum balance in account and in case balances falls below this, cash to move moved out of client account into any other internal account.

What is the best way to go about it. As far as I know T24 COB does many postings which we do not know in advance and also T24 COB does not allow posting on same day during the COB to clear this balance. We are on R9.

Any suggestions welcome.

Thanks
Shravan

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  • jpb
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7 years 5 months ago #20422 by jpb
Have a look at AC.ACCOUNT.LINK / AC.SWEEP.TYPE - maybe these help to meet your requirements.
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7 years 5 months ago #20424 by kmanyam
Is it possible to move balance for account only if it falls between a range (say greater than zero and less than 1M)? Does this module allow to move under some condition or allow routine to decide if money to be moved or not.

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7 years 5 months ago #20431 by jpb
A routine can be attached to AC.SWEEP.TYPE - AMT.SWEEP.ROUTINE.

For AC.ACCOUNT.LINK it uses 4 parameters
SWEEP.AMT.RTN (ACCT.TO, ACCT.FROM, TRIGGER.AMT, SWEEP.TYPE, SWEEP.AMT)
the last is the returned amount, if set to 0 no sweep will happen.

Another option might be AC.CASH.POOL, there you have much more options to configure, but I haven't used it so far.
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