How often must funds from cross-servicing agreements (ACSA) be tracked and accounted for?

Funds from cross-servicing agreements (ACSA) must be tracked and accounted for annually. This requirement is established to ensure that financial records are accurate and reflective of the services rendered and received. Annual tracking allows for comprehensive oversight and facilitates better financial planning and execution of agreements over the fiscal year. It ensures that all parties involved in the ACSA can evaluate their financial standing and make necessary adjustments or renewals in a timely fashion. This annual review process helps maintain accountability and transparency in the management of cross-servicing funds, which is critical for budgetary and operational efficiency in logistics and resource management.