Our Overnight Investment Service is designed to provide optimum management of surplus balances. We ensure that surplus funds at the end of the day, in excess of the peg balance are invested on a “sweep” basis. This allows a correspondent bank to earn extra income on un-confirmed receipts.
Sweep balances include all confirmed and unconfirmed receipts for your account during the day. The arrangement is an ideal cash management tool to handle unexpected high value receipts.