Yes, funds are redeemed automatically from the sweep before the settlement date of the trade. There is no disruption of trading activity; funds move in and out as the trading happens.
If I have funds invested in the Insured Bank Deposit Sweep Program and execute a trade that requires capital, are the funds redeemed automatically?
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How will adding the Insured Bank Deposit Sweep Program affect my ability to withdraw cash?
How is interest calculated on my cash balance deposited into the Insured Bank Deposit Sweep Program?
How do I opt out of the Insured Bank Deposit Sweep Program?
What is the risk, if any, in joining the Insured Bank Deposit Sweep Program?