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15:43 Mar 19, 2018
English to Polish translations [PRO] Bus/Financial - Finance (general) / Pool Cash Management Agreement
English term or phrase:sweep target balance
“Sweep Target Balance“ means the balance on a Source Account to be reached after the performance of a Sweep (set out in Appendix 1).
This balance shall always be set to be zero or positive.
Reference information: What is the ‘Sweeping target balance’?
This is the maximum balance, in the currency of the account, desired on the account. If the balance of the Satellite account exceeds this amount, it will trigger a sweeping transaction from the Satellite account to the Master account, as long as the calculated transfer amount is not less than the sweeping minimum amount.