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Advice

Cash sweep

Uninvested cash can sit in the core sweep. Rate and bank list will be posted when the sweep is live.

What it is Uninvested cash
Now A paper cash figure
Later Bank list and rate
Not this A live bank deposit today

Now

The client center shows a cash figure in the paper blotter. It is not a live bank deposit.

Later

Bank list, rate, and FDIC language will be published on this page.

Cash on the blotter is not a bank list

Uninvested cash is the amount not in a position. On a live desk it can sit in a core sweep, with a rate and a list of banks. That list is not published, so the cash line in the client center is a paper figure. It is not an FDIC bank deposit and it is not a yield.

Brokered CDs and Treasuries are different products. They are on the bonds page. Digital assets, if offered, stay out of this sweep.

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