premier 8.4 release - virtualtrainer.fiservapps.com · premier 8.4 release deposit sweep...
TRANSCRIPT
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Premier 8.4 Release
Deposit Sweep Enhancements
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© 2015 Fiserv, Inc. or its affiliates.
Deposit Sweep Enhancements
• New Sweep Program (PRM3012) to compute net settlement
• Passes and Repasses accounts
• Eliminates day delays
• Better control of complex sweep relationships
• DDA Sweeps Consider
• Principal ONLY loan payments
• Other advances from the loan
• Calculates Total Sweep Available Funds
• Displayed on account inquires
• Automatic Memopost Offset Specification
• Recognizes sweep minimums, maximums, increments & charges
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© 2015 Fiserv, Inc. or its affiliates.
Deposit Sweep Enhancements
• New Sweep To Options
• External accounts (PIM)
• Internal general ledger accounts
• Sweep From Transfer Option
• No Balance Limit, Positive Balance, Minimum Balance
• Allow or disallow sweeps based on sweep from account balance
• Scheduled Sweeps
• Frequencies
• Cycles
• Repurchase Agreement Sweeps
• DDA7003 creates IF3 file to automatically debit and credit
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© 2015 Fiserv, Inc. or its affiliates.
Deposit Sweep Enhancements
• New Sweep User Interface
• Sweep Inquiry
• Change Sweep
• Maintain accounts in sweep on a single page
• New Sweep
• Wizard quickly builds new sweeps
• Delete Sweep
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© 2015 Fiserv, Inc. or its affiliates.
Transaction Flow Possible With Sweep Service
Investment
Account
Operating
Account
Zero
Balance
Account
Zero
Balance
Account
Line of
Credit
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© 2015 Fiserv, Inc. or its affiliates.
Complex Commercial Relationships Possible with
Sweep Service
Investment
Account
Master
Concentration
Account
Zero
Balance
Account
Zero
Balance
Account
Line of
Credit
Operating or
Concentration
Account
Operating or
Concentration
Account
Zero
Balance
Account
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweeps
Balance Inquiry:
• Displays Sweep Hyperlink
• Will open Sweeps Page
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweeps
Sweep Inquiry:
• Minimum, Maximum, Increment,
Charge Code, Notification
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweeps
3 Sweep
Banners for
each DDA
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8.0 Sweeps Sweep To Sweep From
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweeps Sweep From
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweeps Sweep To
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Balances Inquiry:
• Displays Sweep Summary banner
• Available Balances
• Sweep Flow banner
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Balances Inquiry:
• Sweep Relationship Number
• Assigned at upgrade
• Links to Sweep Setup
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Activity Inquiry:
• Sweeps replaced with Overdrafts
• Shows overdraft information
• Shows Sweep Information
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweep Groups
Sweep Groups:
• Upgrade as single relationship
• Sweep Group will be used as Nickname
• Assigned New Sweep Relationship Number
• Can use DDA3011 RPT#1 to verify groups
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweep Groups
Sweep Groups:
• Upgrade as single relationship
• Sweep Group will be used as Nickname
• Assigned New Sweep Relationship Number
• Can use DDA3011 RPT#1 to verify groups
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Sweep Groups:
• Upgrade as single relationship
• Sweep Group will be used as Nickname
• Assigned New Sweep Relationship Number
• Can use DDA3011 RPT#1 to verify groups
8.0 Sweep Groups
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweep Groups
Sweep Groups:
• All accounts with Sweep Group will
upgrade together
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweep Groups
Sweep Groups:
• 8.0 Group Becomes Sweep Nickname
• Assigned New Sweep Relationship Number
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© 2015 Fiserv, Inc. or its affiliates.
8.0 Sweep Groups
Sweep Groups:
• Will function the same
• Except funds will flow through accounts
• 4005 will ONLY fund 4165
• 8.0 4005 would Directly fund any account
in Group DDA 4165
DDA 4005
DDA 3260 DDA 3245
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© 2015 Fiserv, Inc. or its affiliates.
Sweep Security
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Sweeps:
• Own Application
• Security based Sweep Function 7
upgrades from DDA Function 2
• Inquiry, Change, New, Delete
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© 2015 Fiserv, Inc. or its affiliates.
SCM controls in User 4 specifications:
• Sweep Function 7
• New, Change, Inquiry, Delete
• Converts from DDA Function 2
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© 2015 Fiserv, Inc. or its affiliates.
SCM controls in User 4 specifications:
• Sweep Function 7
• New, Change, Inquiry, Delete
• Converts from DDA Function 2
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© 2015 Fiserv, Inc. or its affiliates.
DDA Function 2 to SWP Function 7 Conversion
DDA Fct. #2
No Access- 0
I - 1
M - 2
I M - 3
N - 4
I N - 5
M N - 6
I M N - 7
D - 8
I D - 9
M D - A
I M D - B
N D - C
I N D - D
M N D - E
I M N D - F
SWP Fct. #7
No Access- 0
I - 1
M - 2
I M - 3
N - 4
I N - 5
M N - 6
I M N - 7
D - 8
I D - 9
M D - A
I M D - B
N D - C
I N D - D
M N D - E
I M N D - F
Every other value
comes across as
the same
User 4 Specs User 2 Specs
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep
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© 2015 Fiserv, Inc. or its affiliates.
8.4 Sweeps
Search for Customer by:
• Name
• Tax ID
• Name ID
• Portfolio Number
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© 2015 Fiserv, Inc. or its affiliates.
Select Customer:
• All accounts associated with
customer will be available in sweep
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 1 Select Accounts
Account Selection:
• Must define Relationship Number
• Optionally define Sweep
Nickname
• Select accounts to include
• Sweep Relationship Number can
be prefilled by system
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© 2015 Fiserv, Inc. or its affiliates.
• When populated,
Sweep Relationship
Number will pre-fill on
New Sweeps
• Will increment by 1 for
each New Sweep
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© 2015 Fiserv, Inc. or its affiliates.
Use Portfolio Name:
• Only accounts from portfolio
• Allows easy separation of business and
personal accounts
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© 2015 Fiserv, Inc. or its affiliates.
Use Portfolio Name:
• All accounts from Portfolio regardless of
ownership
• Expand icon shows Relationships to
Account
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 1 Select Accounts
Account Selection:
• Select Accounts to include
• Must define Relationship Number
• Sweep Relationship Number can
be prefilled by system
• Optionally Define Nickname
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Select DDA to be funded by accounts chosen in Step 1
• Add Account creates additional funding accounts
Adds additional accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Select DDA to be funded by accounts chosen in Step 1
• Add Account creates additional funding accounts
Adds additional accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Will establish Codes in later Steps
• Exactly like setting up 8.0 Sweeps
Sweep From
Sweep From
8.0 Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 3 Sweep Flow
Sweep Flow:
• Displays example of how accounts will be funded
• Can see hierarchy of sweep accounts available to fund each account
• Will sweep from Savings #3015, then Loan #2610
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 4 Codes
Each funding account has a
banner to establish Sweep
parameters
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 4 Codes
Values same as 8.0:
In this example:
• Savings #3015 will try to prevent
Ledger Balance < $0
• Will sweep in any amount
• No Fee or Notification
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© 2015 Fiserv, Inc. or its affiliates.
Values same as 8.0:
Min Balance: Balance sweep is trying to maintain
Balance Type: Ledger or Available
Increment: Amount per increment
Charge Code: Charge per sweep
Notification Option: Send notice
8.0 Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 4 Codes
Values same as 8.0:
If Savings 3015 fails:
• Note #5050 will try to prevent
Ledger Balance < $0
• Will sweep in any amount
• No fee or notification
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 4 Codes
Once finished is clicked and there are
no errors this screen will be displayed
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© 2015 Fiserv, Inc. or its affiliates.
New banners appear on account
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© 2015 Fiserv, Inc. or its affiliates.
Clicking the Relationship Number
hyperlink will launch the Sweep
Inquiry
Can modify sweep
information
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© 2015 Fiserv, Inc. or its affiliates.
Can modify sweep
information
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© 2015 Fiserv, Inc. or its affiliates.
Also used to
create sweeps
• Not currently part of
a sweep
• Can click ‘New’ icon
to create sweep
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© 2015 Fiserv, Inc. or its affiliates.
Can now search to
set up a new sweep
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
Establish Sweep Funding Minimum
Balance on SAV 3015; No longer
need to go to Savings account to
prevent the account from going to $0
when funding accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Account Minimum Balance
Establish Sweep Funding Minimum
Balance on SAV 3015; No longer
need to go to Savings account to
prevent the account from going to $0
when funding accounts
8.0 Sweeps
• Establish directly on the Savings
• Now added on Sweep Screen
• Used to prevent account from
falling below a dollar amount
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 500
Ending Bal $ 0
SAV 3015
Swp Min Bal: $ 0
Swp Fnd Min Bal:$ 250
Acct Bal: $3,000
- Sweep To DDA $ 500
Ending Balance $2,500
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA Negative $500
Savings Sweeps $500
$3,000
Swp Fund Min Bal - $ 250
Available to Fund $2,750
Ending Account Bal
– Swp Fund Min Bal
Sweep Available Bal
Savings will maintain
at least $250 Bal
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
DDA: 3030
Acct Balance: ($ 250)
+ SAV Sweep $ 250
+ LAS Sweep $ 250
Ending Bal $ 0
SAV 3015
Swp Min Bal: $ 0
Swp Fnd Min Bal:$ 250
Acct Bal: $ 250
- Sweep To DDA $ 250
Ending Balance $ 250
NOTE: 5050
Swp Min Bal: $0.00
Avail Credit: $50,000
- Sweep To DDA $ 250
Ending Available $49,750
DDA Negative $250
No SAV Funds Avail.
Advance From NOTE
Sav 3015 Bal $ 250
Swp Fund Min Bal - $ 250
Available to Fund $ 0
Ending Account Bal
– Swp Fund Min Bal
Sweep Available Bal
Savings will maintain
at least $250 Bal
Prevents Savings From going
below minimum
• Stops Service Charge
• Stops Closing
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
• Establish Minimum Balance on
DDA 3030 when used as Funding
account for other sweeps
• Does not affect Savings 3015 or
Note 5050 Balance they are trying
to maintain
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
• Establish Minimum Balance on
DDA 3030 when used as Funding
account for other sweeps
• Does not affect Savings 3015 or
Note 5050 Balance they are trying
to maintain
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
• Establish Minimum Balance on
DDA 3030 when used as Funding
account for other sweeps
• Does not affect Savings 3015 or
Note 5050 Balance they are trying
to maintain
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
• Establish Minimum Balance on
DDA 3030 when used as Funding
account for other sweeps
• Does not affect Savings 3015 or
Note 5050 Balance they are trying
to maintain
• Displays for information
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep Funding Minimum
Balance
DDA: 3030
Swp Fnd Min Bal: $ 500
Ending Balance: $ 500
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA: 3580
Ending Balance: $(1000)
+LAS Sweep $ 1000
Ending Balance $ 0
DDA 3030
Swp Min Bal: $0.00
Balance: $500
• DDA 3030 has no
available funds to cover
shortage
• Note will Advance
DDA 3030 Bal $ 500
Swp Fund Min Bal - $ 500
Available to Fund $ 0
NOTE: 5086
Swp Min Bal: $0.00
Avail Credit: $50,000
- Sweep To DDA $ 1,000
Ending Available $49,000
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© 2015 Fiserv, Inc. or its affiliates.
Functions as did on 8.0
• Savings 3015 Has Funds
• Won’t fund DDA 3030 for DDA 3580
• Upgrade as 2 separate Sweep Relationships
• Can combine
New Sweep Fields – Sweep Funding Minimum
Balance
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA: 3580
Ending Balance: $(1000)
+LAS Sweep $ 1000
Ending Balance $ 0
DDA 3030
Swp Min Bal: $0.00
Balance: $500
• DDA 3030 has no
available funds to cover
shortage
• Note will Advance
NOTE: 5086
Swp Min Bal: $0.00
Avail Credit: $50,000
- Sweep To DDA $ 1,000
Ending Available $49,000
DDA: 3030
Swp Fnd Min Bal: $ 500
Ending Balance: $ 500
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© 2015 Fiserv, Inc. or its affiliates.
Upgrade as 2 sweeps DDA 3030 in 2 Sweep Relationships
• Sweep 44
• Sweep 106
• On 8.0 DDA 3030 has “Own” Sweeps
• On 8.0 DDA 3030 is part of Sweeps
• Will upgrade as 2 Sweep Relationships
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep From Transfer Option
• Establishes when funds sweep
• 3 Choices
• No Balance Limit(upgrade value)
• Positive Balance
• Minimum Balance
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© 2015 Fiserv, Inc. or its affiliates.
No Balance Limit – Sweep functions as 8.0 Sweep
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 487
- Sweep To DDA $ 387
Ending Balance $ 100
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 387
Balance ($ 113)
+ LAS Sweep $ 363
Ending Bal $ 250
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $50,000
- Sweep To DDA $ 363
Ending Available $49,637
Every sweep takes as
much as it can to
maintain the DDA
Minimum Sweep
Balance
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© 2015 Fiserv, Inc. or its affiliates.
Positive Balance – New Control Of Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 487
- Sweep To DDA $ 387
Ending Balance $ 487
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 387
Balance ($ 500)
+ LAS Sweep $ 750
Ending Bal $ 250
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $50,000
- Sweep To DDA $ 750
Ending Available $49,250
• Savings doesn’t have
enough to get DDA to
< $0 Balance
• WILL NOT sweep
Sweeps must get
accounts to $0 or higher
or the system will move
to next sweep
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© 2015 Fiserv, Inc. or its affiliates.
Positive Balance – New Control Of Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 717
- Sweep To DDA $ 617
Ending Balance $ 100
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 617
Balance $ 117
+ LAS Sweep $ 133
Ending Bal $ 250
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $50,000
- Sweep To DDA $ 133
Ending Available $49,867
• Savings doesn’t have
enough to get DDA to <
$250 balance
• WILL sweep to make
positive
Sweeps must get
accounts to $0 or higher
or the system will move
to next sweep
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© 2015 Fiserv, Inc. or its affiliates.
Minimum Balance – New Control Of Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 717
- Sweep To DDA $ 617
Ending Balance $ 717
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 617
Balance ($ 500)
+ LAS Sweep $ 750
Ending Bal $ 250
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $50,000
- Sweep To DDA $ 750
Ending Available $49,250
• Savings doesn’t have
enough to get DDA to
Minimum Balance
• WILL NOT sweep
Sweeps must have
enough funds to fulfill
Minimum Balance
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© 2015 Fiserv, Inc. or its affiliates.
Minimum Balance – New Control Of Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 970
- Sweep To DDA $ 750
Ending Balance $ 220
DDA: 3030
Acct Balance: ($ 500)
+ SAV Sweep $ 750
Ending Bal $ 250
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $50,000
Ending Available $50,000
Savings sweeps
enough to get DDA to
Minimum Balance
Sweeps must have
enough funds to fulfill
Minimum Balance
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© 2015 Fiserv, Inc. or its affiliates.
Positive Balance - Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 200
- Sweep To DDA $ 100
Ending Balance $ 100
DDA: 3030
Acct Balance: ($ 200)
+ SAV Sweep $ 100
Balance ($ 100)
+ LAS Sweep $ 100
Ending Bal $ 0
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $ 100
- Sweep To DDA $ 100
Ending Available $ 0
• System will look to see if total
relationship has enough funds
to get to Positive Balance.
• WILL SWEEP
• Both accounts have $100
available
• Will use to get to a Positive
Balance in this example
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© 2015 Fiserv, Inc. or its affiliates.
Minimum Balance - Sweep Process
SAV 3015
Swp Min Bal: $ 250
Swp Fnd Min Bal: $100
Acct Bal: $ 200
- Sweep To DDA $ 100
Ending Balance $ 200
DDA: 3030
Acct Balance: ($ 200)
+ SAV Sweep $ 100
Balance ($ 100)
+ LAS Sweep $ 100
Ending Bal ($ 200)
NOTE: 5050
Swp Min Bal: $250
Avail Credit: $ 100
- Sweep To DDA $ 100
Ending Available $ 100
• System will look to see if total
relationship has enough funds to
fulfill Minimum Balance
• WILL NOT SWEEP
Both accounts have $100 available
• Can’t reach Minimum Balance
• WILL NOT SWEEP
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Fields – Sweep From Transfer Option
• Establishes when we sweep funds
• 3 Choices
• No Balance Limit(upgrade Value)
• Positive Balance
• Minimum Balance
• “First Occurrence Utilized”
• Selection from 1st sweep used
for all sweep functions
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© 2015 Fiserv, Inc. or its affiliates.
Multiple Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
Sweep Example using single screen
• Can now set up complex sweeps using single page
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 1 Select Accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Selected 4 Accounts to be funded by DDA 3370
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Selected 4 Accounts to be funded by DDA 3370
• Added Savings accounts as additional funding accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 2 Funding Accounts
Sweep From:
• Selected 4 Accounts to be funded by DDA 3370
• Added Savings accounts as additional funding accounts
• Added Loan accounts to protect 2 of the 4 accounts
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© 2015 Fiserv, Inc. or its affiliates.
New Sweep Wizard – Step 3 Sweep Flow
Sweep Flow:
• Displays example of how accounts will be funded
• Can see hierarchy of sweep accounts available to fund each account
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© 2015 Fiserv, Inc. or its affiliates.
Sweep Codes:
• Each sweep account has a banner
• Each funding account has a sub banner
for codes
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep
Frequency
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© 2015 Fiserv, Inc. or its affiliates.
Use Portfolio Name:
• All accounts from portfolio regardless of
ownership
• Expand Icon shows Relationships to
account
Client Defined Sweep Frequency:
• Wants to transfer excess funds from
Checking to Savings at End of Month
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency:
• Wants to transfer excess funds from
Checking to Savings at End of Month
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency:
• Steps 2 & 3 are the same
Client Defined Sweep Frequency
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Sweep Rules are the same
• Min/Max
• Balance Type
• Increment
• Charge/Notification
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Sweep Frequency Banner:
• Next Sweep Date
• Frequency
• Sweep Day
• Cycles
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Select Frequency:
• Next Sweep Date = 09/29/YY
• Frequency = Monthly
• Sweep Day (i.e. 29 =29th)
• Will remain on 29th always
• Functions just like transfer addenda
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Select Frequency:
• Next Sweep Date = 09/30/YY
• Frequency = Twice Monthly
• Sweep Day = 1st and 2nd dates
• 0 = 15th & EOM
• Functions just like transfer addenda
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Select Cycle:
• Next Sweep Date = <Blank>
• Frequency = (None)
• Sweep Day = <Blank>
• Sweep Cycle = Select Cycle 1 – 79
• Functions just like transfer addenda
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© 2015 Fiserv, Inc. or its affiliates.
Client Defined Sweep Frequency
Frequency Sweep:
• Sweep Rules still apply
• If Account Balance < $1,000.00 on month
end then NO SWEEP
• Otherwise WILL SWEEP any excess
balance over $1,000 at Month End to
Savings #1668
• Account can maintain Balance > $1,000
throughout month
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep:
• Quickly sets up sweep relationship
• Must enable Sweep Function 8 for users
Quick Sweep – Sweep Function 8
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep:
• Won’t see when first upgraded
• Must turn on for users
Quick Sweep – Sweep Function 8
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© 2015 Fiserv, Inc. or its affiliates.
SCM controls in User 4 specifications:
• Sweep Function 7
• New, Change, Inquiry, Delete
• Converts from DDA Function 2
• Sweep Function 8
• Controls Quick Sweep
• 0 or Blank – No Access (off)
• 1or F – Full Access (on)
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© 2015 Fiserv, Inc. or its affiliates.
SCM controls in User 4 specifications:
• Sweep Function 9 – 12
• For Future Use
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep:
• Quickly Sets up sweep relationship
• Must enable Sweep Function 8 for users
Quick Sweep – Sweep Function 8
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep:
• Prefills sweep Priority, and To and From
information
• Speeds building process of sweeps
• ‘Operating Account’ only Funds ‘Member
Account’
• ‘Funding Accounts’ fund ‘Operating
Account’
Quick Sweep
Member
Operating
Funding
Operating
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep
Member Member
Operating Operating Operating Operating
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© 2015 Fiserv, Inc. or its affiliates.
Establish For each Sweep
• Minimums
• Maximums
• Increments
• Charges
• Notification
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep
Quick Sweep:
• Will show us if accounts are available to
be used as ‘Lead’ Accounts
• Account can only lead in 1 Sweep
Relationship
• In this example having Quick Sweep
turned on shows us that 3135 is already a
lead
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© 2015 Fiserv, Inc. or its affiliates.
Quick Sweep
Quick Sweep:
• Selected accounts can not be leads
• Already in a Sweep Relationship
• Can only be used as funding accounts
Lead
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© 2015 Fiserv, Inc. or its affiliates.
Adding Accounts to
Sweep Relationships
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© 2015 Fiserv, Inc. or its affiliates.
If DDA 3135 needs additional funding accounts
MUST add to Sweep Relationship 117
Add Additional Account(s) to Existing Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
Add Additional Account(s) to Existing Sweeps
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© 2015 Fiserv, Inc. or its affiliates.
Add Additional Account(s) to Existing Sweeps
No new
accounts to
select
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Search Icon to
locate new
accounts
Search icon to
locate new
accounts
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Search Icon to
locate new
accounts
Search icon to
locate new
accounts
Can now sweep to:
• General Ledger
• External Account (with PIM)
105
© 2015 Fiserv, Inc. or its affiliates.
Search Icon to
locate new
accounts
Search icon to
locate new
accounts
Can now sweep to:
• General Ledger
• External Account (with PIM)
106
© 2015 Fiserv, Inc. or its affiliates.
Account is added to Sweep Relationship
107
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Select Codes to make
changes to sweep
108
© 2015 Fiserv, Inc. or its affiliates.
Search icon to
locate new
accounts
Can now sweep to:
• General Ledger
• External Account (with PIM)
• Must know account number
109
© 2015 Fiserv, Inc. or its affiliates.
Can now sweep to:
• General Ledger
• External Account (with PIM)
• Must know account number
110
© 2015 Fiserv, Inc. or its affiliates.
Select Codes to make
changes to sweep
111
© 2015 Fiserv, Inc. or its affiliates.
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© 2015 Fiserv, Inc. or its affiliates.
Can now sweep to:
• General Ledger
• External Account (with PIM)
• Must know account number
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© 2015 Fiserv, Inc. or its affiliates.
Codes Page:
• External Account (with PIM)
• Set Routing Transit Number
• Set External Account Type
• Payor Identification
• ACH Prenote Sent Flag
• Sweep will happen automatically
through PIMX file.
• Will be included in the outgoing
ACH file.
114
© 2015 Fiserv, Inc. or its affiliates.
Search Icon to
locate new
accounts
Search icon to
locate new
accounts
8.0 External transfers will upgrade as “Manual Transfers”
• Can change to “External Account”
• Manual Transfers will not be done automatically
115
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Consolidating Sweep
Relationships
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Sweep Relationships
• Consolidating will allow funds from all accounts to flow to each
account
• Can see a customers sweeps in a single tab
• Need to have “Delete” function to be able to do this
117
© 2015 Fiserv, Inc. or its affiliates.
Functions as did on 8.0
• Savings 3015 has funds
• Won’t fund DDA 3030 for DDA 3580
• Upgrade as 2 separate Sweep Relationships
• Can combine
Consolidating Existing Sweep Relationships
DDA: 3030
Acct Min Bal: $ 500
Ending Balance: $ 500
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA: 3580
Ending Balance: $(1000)
+LAS Sweep $ 1000
Ending Balance $ 0
DDA 3030
Swp Min Bal: $0.00
Balance: $500
• DDA 3030 has No
Available Funds to
cover shortage
• Note will Advance
NOTE: 5086
Swp Min Bal: $0.00
Avail Credit: $50,000
- Sweep To DDA $ 1,000
Ending Available $49,000
Relationship 44 Relationship 106
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
DDA 3030 in 2 Sweep Relationships
• Sweep 44
• Sweep 106
• Add Sweep 44 to Sweep 106
• 1st need to delete Sweep 44
• DDA3011-001 Sweep Fund Availablity
Report
119
© 2015 Fiserv, Inc. or its affiliates.
DDA: 3030
Swp Fund Min Bal: $ 500
Ending Balance: $ 500
Consolidating Existing Sweep Relationships
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA: 3580
Ending Balance: $(1000)
DDA 3030
Swp Min Bal: $0.00
Balance: $500
NOTE: 5089
Swp Min Bal: $0.00
Avail Credit: $50,000
Functions as did on 8.0
• Savings 3015 has funds
• Won’t fund DDA 3030 for DDA 8899
• Upgrade as 2 separate Sweep Relationships
• Can combine
• Delete Sweep
Relationship 44
• Reestablish in
Sweep
Relationship 106
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
Relationship 44
Relationship 106
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Consolidating Existing Sweep Relationships
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Consolidating Existing Sweep Relationships
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
• Account 3030 now set up as
a lead account in Sweep
Relationship 106
• Need to establish Savings
3015 as funding account
• SAV 3015 not part of sweep
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© 2015 Fiserv, Inc. or its affiliates.
• Account 3030 now set up as
a lead account in Sweep
Relationship 106
• Need to establish Savings
3015 as funding account
• SAV 3015 not part of sweep
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
• Now we establish NOTE 5050
• Must search for account
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© 2015 Fiserv, Inc. or its affiliates.
• Now we establish NOTE 5050
• Must search for account
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
• Now we establish NOTE 5050
• Must search for account
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
• Sweep Flow now shows both
sweeps
• Since 3030 is funding for 3580
• Savings 3015 can now fund
3030 for 3580
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• Sweep Codes
• Banner for each lead
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• Sweep Codes
• Banner for each lead
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• Potentially add
Sweep Nickname
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• Becomes searchable on
inquires
134
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• DDA Inquiry shows all
available funds
• Savings 3015 WILL NOT
sweep directly to DDA
3580
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© 2015 Fiserv, Inc. or its affiliates.
• Savings 3015 WILL NOT sweep directly to DDA
3580
• Check 1501 was overdrawing 3580. SWP
Programs sweep money from Savings to
DDA3030 then to DDA3580
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© 2015 Fiserv, Inc. or its affiliates.
Consolidating Existing Sweep Relationships
DDA: 3030
Swp Fund Min Bal: $ 500
Ending Balance: $ 500
SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
DDA: 3580
Ending Balance: $(1000)
DDA 3030
Swp Min Bal: $0.00
Balance: $500
NOTE: 5089
Swp Min Bal: $0.00
Avail Credit: $50,000
• Consolidated Sweeps
• Now can use funds from entire Sweep
Relationship
• Can leave separate if we would like to
keep separate
• Delete Sweep
Relationship 44
• Reestablish in Sweep
Relationship 106 SAV 3015
Swp Min Bal: $0.00
Balance: $3,000
NOTE: 5050
Swp Min Bal: $0.00
Avail CR: $50,000
Relationship 44
Relationship 106
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Repurchase
Agreement Sweeps
138
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Automated Repurchase Agreement Sweep
• A repurchase agreement is the sale of securities with an agreement
for the seller to buy back the securities at a later date. The Repo
Price should be greater than the original price. The difference is the
Interest or Repo Rate.
• The update will automatically build IF3 files for repo & accrual
transactions.
• When the base account reaches it’s max balance, the DDA update
sweeps(debits) the excess amount and posts to the repo
agreement (Sweep To Account). Then the update accrues interest
for the Repo at a rate defined by the Deposit Rate Index.
• The update determines the sweep amount and accrued interest for
that update. DDA7003 generates an IF3 file to post back to the
base account.
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© 2015 Fiserv, Inc. or its affiliates.
Repo Account: 8899
Bal: $0.00
Base Account: 200200
Index: Repo %
Base Account: 200200
Bal: $10,000
Sweep To Info:
Max: $0
Acct: 8899(repo)
Automated Repurchase Agreement Sweep
-$10,000
- $ 10 IF3
File
+$10,000
DDA7003
Repo Program
+$ 10
- $10,000
Daily Interest
Update
(DDA3101)
• Sweeps
Funds
• Calculates
Interest
IES
Block
IES2001
Builds Block
IES3002
Memoposts Block
+$10,000
+$ 10
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© 2015 Fiserv, Inc. or its affiliates.
Automated Repurchase Agreement Sweep
• Add DDA7003 to update after DDA3101
• DDA7003 IF3 files contain:
• Demand Deposit Sweep Account Transactions
• Credit for the amount of the day’s sweep transactions
• Credit for the amount of the day’s interest
• Repurchase Agreement Account (Repo) Transactions
• Debit for the amount of the day’s sweep transactions
• Debit for the amount of the day’s interest
• Manually run IES2001 to read the IF3 file & generate a transaction
block to post
• Manually run IES3002 to memopost block (optional)
141
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Automated Repurchase Agreement Sweep
142
© 2015 Fiserv, Inc. or its affiliates.
Automated Repurchase Agreement Sweep
143
© 2015 Fiserv, Inc. or its affiliates.
144
© 2015 Fiserv, Inc. or its affiliates.
Automated Repurchase Agreement Sweep
Repo
Account
Base
Account
145
© 2015 Fiserv, Inc. or its affiliates.
Automated Repurchase Agreement Sweep
Controls Maximum
Balance of base
account
146
© 2015 Fiserv, Inc. or its affiliates.
Automated Repurchase Agreement Sweep
Controls Tran Codes
used by DDA7003
External Tran Code
147
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Automatic Memopost
Offset
148
© 2015 Fiserv, Inc. or its affiliates.
Automatic Memopost Offset
Enhanced to recognize sweep codes
• 0 – No Auto Memopost
• 1 – Automatically Memopost to accounts when
ATM, TTM, IES3002 and Premier Maintenance
cause the account to go negative
Now recognizes Min/Max,
Increment, Charge Code
149
© 2015 Fiserv, Inc. or its affiliates.
Sweep Reports
150
© 2015 Fiserv, Inc. or its affiliates.
Sweep Reports
Updated Reports:
• CIS Specifications (CIS6300-001)
• Includes Next Sweep Number
• DDA Specifications (CIS6300-003)
• Includes Repo Specifications for General 2 specifications
• Sweep Fund Availability (DDA3011-001)
• Replaced sweep group with Sweep Relationship
• Report is sorted by relationship number
• Daily, Weekly, Monthly New Accounts (DDA & SAV 3200-22, 23, & 24)
• Show new sweep relationships built
• Deficit Balance (Long Format) (DDA3200-029)
• New sweep fields
• NSF Activity (DDA3200-31)
• New Sweep fields
• Suspect Regulation D Activity (DDA3200-037)
• New Transfer in and out type
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© 2015 Fiserv, Inc. or its affiliates.
Sweep Reports
New Reports:
• Update Totals (DDA3220-044)
• Includes the Transfer To FMS column in the Transfer Out Transaction Recap
section
• Repo Transitions Report (DDA7003-001)
• Repo Exceptions (DDA7003-002)
• Sweep Transactions (PRM3012-001)
• Sweep Exceptions (PRM3012-002)
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Premier 8.4 Release
Deposit Sweep Enhancements