When processing cash withdrawal requests, SMArtX Advisory Solutions employs a systematic approach to ensure that the requested amount is met efficiently. This article explains the key processes involved, including how existing cash in accounts is utilized and how to submit additional Cash Movement Authorizations (CMAs) when needed.

SMArtX Advisory Solutions uses a combination of existing cash and securities sales to fulfill withdrawal requests. The system is designed to minimize unnecessary transactions by leveraging any available cash in the account before selling securities.

When you submit a withdrawal request, the system evaluates the total amount requested and checks for available cash in the account. If the available cash is insufficient, the system will sell securities to cover the remaining amount. It is important to request the full withdrawal amount needed rather than relying on the cash already shown in custody, as the system will automatically calculate and sell the difference required to meet your request.

In some cases, there may already be excess cash available in the account’s sleeves. This cash can be used to meet part of the withdrawal amount, reducing the need to sell securities. For example, if there is existing cash in the sleeves that moves into the Funding Sleeve, fewer securities will need to be sold. This results in a smaller sell total than the full withdrawal request.

If the initial withdrawal request does not meet your total target amount, you can submit additional CMAs to cover the difference. For example:

By understanding these processes, you can ensure that your withdrawal requests are handled smoothly and efficiently.