So just let me get this totally straight: all that this basically means is that you're given your AS results and individual modular marks by your school?
No, we get that anyway on August 18th or whenever. Cashing in means you get the certificates and officially you have AS grades. If you don't you just have UMS marks, like 280/300 for example, which is not actually an AS level so you do not put it on your UCAS form. If you did exceptionally well your school will mention it in your reference as signs of your ability.
In addition, it signifies that your grade will be put on the UCAS form and it will be certified.
Ah thanks for clearing this up guys
Mental note to self: speak to Neil...