Settlement via Macquarie CMA vs Direct Debit

Settlement Methods
	(1) Macquarie CMA Batch Settlement	(2) Direct Debit
Bank Account Type	Cash Management Accounts only	Any bank account that allows for direct debit (including CMAs)
Settlement time	Intra-day on day of settlement	Overnight on night of settlement
Cash balance available in TC	Yes	No
Document Requirement	Macquarie Third Party Authority form granting FinClear General Withdrawal Authority (company code 9764) - submitted directly to Macquarie	Signed Direct Debit form (included in standard FinClear application form) - collect & store on your side, does not need to be sent to FinClear.
How to set up a new account in TCOps - Account Opening - Cash Settlement Details	Financial Settlement Type - Direct Transfer CMT Fund - MBLA Macquarie CMA	Financial Settlement Type - Direct Transfer CMT Fund - None Even if the account is a CMA, if you want it to settle Direct Debit and you have not submitted a TPA form to Macquarie, you will need to select "None".
How to manage banking for Existing Accounts	Method – CMT Institutional Code – MBLA: Macquarie CMT Once added, navigate to ‘Defaults’ and set the account as default	Method – DIRDEP/DIRDEB: Once added, navigate to ‘Defaults’ and set the account as default Please note, where Enquiry level access is in place, leave the CMT static record as non-default and you will be able to view the balance in TCWealth.