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What is a Cash Sweep? The Cash Sweep refers to the optional prepayment of debt using excess free cash flows in advance of the originally scheduled repayment .
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Iba paA cash sweep, or debt sweep, is the mandatory use of excess free cash flows to pay down outstanding debt rather than distribute it to shareholders. Firms always have the option . A cash sweeping system (also known as physical pooling) is designed to move the cash in a company’s outlying bank accounts into a central concentration .
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