Why do some organizations continue to pay for controlled disbursement accounts (CDA) when they have a sweep structure in place?
Options:
-
You currently do active investing on your own and use the sweep as a backstop
-
The CDA information is used for more up to date forecasting
-
Other
We would love to hear other reasons why having both would be worth the cost. Of course some banks require a CDA for positive payment, but that doesn’t count.