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## 2.2 Fixed Sweep

This topic provides the information about the Fixed Sweep method.

A fixed amount is transferred from the sub account to the main account. If the credit balance in the sub account is below the fixed amount, then no transfers are affected.

1 Way Scenario

If the minor account balance is above or equal to the fixed amount, the system sweeps the fixed amount from the minor account. If the minor account balance is above zero, but less than the fixed amount, the system does not initiate the sweep instruction.

2 Way Scenario

The 2 way sweep in this concentration method transfers only that amount which is required to cover overdrafts on the child accounts that is, Fixed 2 way sweep only covers the child overdraft balances and does not follow the fixed parameter, provided the parent account has sufficient balance to cover the debit balance on the child account.

The system tries to bring the child account to zero balance if it has a negative balance. If the balance in the parent account is not sufficient to cover the overdraft in the child account, either sweep is not executed or sweep is executed up to the balance available in the parent account.

If more than one child account is in negative balance, the transfer from the parent account is based on the priority set at the child account (Least numeric is given top priority) and the available balance on the major account.

When sweeping from major account to minor account, the major account balance cannot go below Zero if the unlimited OD is not selected at the account level. If it is checked, the sweeps can be executed without any limit to cover the child overdrafts till all the minor account balances are set to zero.

Parent topic: Cash Concentration Methods