It is called a cash sweep because the cash is taken or swept from the borrowers bank accounts and applied to pay down debt. Jul 19 2019 In a cash sweep an investment firm figuratively sweeps clients uninvested cash balances into a again figurative dust pan and empties it into either FDIC-insured accounts held at one or a network of banks or into one of several money market mutual fund offerings. Refer our chart to to analyze upcoming draw numbers for Cashsweep.
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