Data Tables: Sweep Program

Data in the Sweep Program Module is displayed in the following tables:

Accounts Table
The Accounts table shows current balances and account details for all Extended Insurance Accounts that have been created at your institution. Social Security Numbers (SSNs) and Tax Identification Numbers (TINs) are not visible on this page. Key information shown in this table includes account balance, interest passed on to the end depositor, insurance limit for the depositor, basic demographic information, and any allocation opt outs.

Transactions Table
The Transactions table provides a depositor-level record of all transactions that have moved funds into or out of your institution’s Program Omnibus Account. This table provides the full history of depositor credits (deposits) and debits (withdrawals), with the sum of all transactions totaling to each depositor’s current balances in the deposit network today. These transactions are recorded at the individual account level, and each transaction has a unique transaction ID #.

Wire Transfers Table
The Wire Transfers table provides a institution-level record of all wire drawdowns sweeping funds into the network and all wires returning funds from the network to your institution. Wire Transfers represent daily money movement at the institutional level between your institution and the network, with the sum representing your institution’s aggregate participation in the network from individual Extended Insurance Accounts today.

Placement of Funds Table
The Placement of Funds table provides a breakdown of the institutions where your depositors’ funds are currently being held. Deposits swept into the network are placed at Program Omnibus Accounts at other network institutions, and this table allows you to see which institutions are holding your depositors’ funds.

Depositors Table
The Depositors table includes demographic and contact information for depositors with funds in the network, including name, email address, phone number, physical address, and the institution depositor ID found on your core.

Requests Table
All requests created by your institution are temporarily recorded in the Requests table until they are completed during that day’s allocation. This table provides a record of all Pending requests and actions that have taken place through the Admin Portal but are not yet executed. When a request is made, a record is created and appears here as a “Pending” request. When the ModernFi team executes this request, the request will be removed from this table and the effects of the change will be recorded in the Accounts, Transactions, Wire Transfers, and Current Allocation tables.

Closed Accounts Table

The Closed Accounts table shows a record of all accounts that have attrited from the network during the life of your program, including general account information and the time the account was closed for your records.