This functionality enables the shortening of the cash flow path on investments, withdrawals and switches. On Cash instruments, including Trading Accounts, it is now possible to select ‘allow payments’, ‘Allow Payments for withdrawals’, Allow Cash Transfers’, which will enable the cash instrument account to function as a transacting account from which payments can be made.
- Allow cash transfers – Cash transfers can be done without requiring movement to the transacting account first
- Allow payments – payments to dealers can be done without requiring movement to the transacting account first
- Allow payments for withdrawals – withdrawal payments to Clients and Brokers can be done without requiring movement to the transacting account first
For example:
Switch from Trading Account A with dealer A to Trading Account B with dealer B
If ‘Allow cash transfers’ is not activated on Trading Account A
Cash Flow path: Trading Account A -> Transacting Account -> Trading Account B
If ‘Allow cash transfer’ is activated on Trading Account A
Cash Flow path: Trading Account A -> Trading Account B
Last Updated on 8 years ago by Antoinette Van Meyeren