Managing daily trading and cash flow balances can be difficult and may result in unanticipated balances in your operating account at day’s end. ForexGen’s broad range of Automated Overnight Sweep Investments allow you to fully or partially sweep your end-of-day cash automatically into an interest-bearing investment specifically chosen to meet your needs. Balances are made available at the opening of the next business day.
Together with a ForexGen representative, you define your overnight investment account structure, choosing the appropriate vehicle and amounts to invest. ForexGen follows your instructions for investing excess funds. You may choose to receive principal and interest in your accounts the next business day (the direct debit option). Alternatively, you may opt to have accrued interest credited to your account the first business day of the following month (the linked account option).
Overnight investment statements detail your investment position for each day of the month, along with daily interest earnings. Statements also reflect the impact of back-value adjustments on each day’s closing balance and associated sweep totals.
Why use Automated Overnight Sweep Investments?
Maximize yield on excess end-of-day balances
Optimize next-day liquidity
Broaden overnight investment choices
Minimize your cash management costs
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