3.5 Drain Pool Structure

This topic describes the systematic instruction to Drain Pool Structure.

This feature enables corporations to sweep out funds from notional pools. Pools are typically created to notionally combine balances across accounts and earn higher interest rates. With drain pool functionality, money can be swept out of such notional pools to accounts where money is needed and achieve better liquidity management.

Drain pool will be available in the application as a variant of the Hybrid structure. During structure creation, the user has to opt for the Drain Pool flag as Yes in the structure details screen. Further, during a drain pool structure creation user is given the option to start the structure either with a pool or sweep structure. Apart from adding regular sweep or pool accounts, at appropriate places in the structure an entire pool structure can be added which will be represented by the notional header node on the screen.

To achieve sweeps from this pool, which is part of a drain pool structure, user can select one of the accounts as Nominated Account in which sweep will happen. Rest of the hybrid structure behaviour during view, edit etc. remains unchanged for a drain pool structure.

  1. Perform anyone of the following navigation to access the Create Structure screen:
    • From Menu, click Liquidity Management, and then click Overview. From Overview, click Quick Links, and then click Create New Structure.
    • From Menu, click Liquidity Management, and then click Liquidity Structure. Under Liquidity Structure, click Create Structure.
    • From Menu, click Liquidity Management, and then click Structure List. From Structure List, click Add.
  2. Navigate to the Liquidity Management Structure Creation screen.
    In the Account Structure - Summary screen, click Add.
    The Liquidity Management Structure Creation screen displays.

    Figure 3-141 Liquidity Management Structure Creation


    Description of Figure 3-141 follows
    Description of "Figure 3-141 Liquidity Management Structure Creation"

This topic contains the following sub-topics:
  • Create Hybrid Drain Pool
    This topic describes the systematic instruction to Create Hybrid Drain Pool screen, that enables the user to build the hybrid structure with a pool on the top or it can be a sweep.
  • View Hybrid Drain Pool
    This topic describes about View Hybrid Drain Pool screen, user can view the hierarchical relationship between the accounts.
  • Edit Hybrid Drain Pool
    The Edit Hybrid Drain Pool screen enables the user to edit the hybrid structure to move funds and then notionally consolidate them.

Parent topic: Account Structure Maintenance