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Cash in Transit

When working with manual security snapshots, there is often a time gap between when a manual security–related cash transaction is executed from a custodial account and when the asset itself posts the corresponding transaction. This is shown as Cash in Transit on the Transaction report.

Tamarac Reporting will look back 10 days for a corresponding transaction amount in the group for the account. The Cash in Transit transaction will post to Tamarac Reporting.

You will also see Cash in Transit when you have a manual security snapshot and the reinvested check box is cleared. In that instance, a Cash in Transit withdrawal is created and it clears when the reinvestment hits the funding account.

Learn More

• Transactions Report

• Manual Securities and Manual Security Snapshots

• See Cash-Impacting Transactions