This article explains the automatic investment/redemption mechanism, trading time, and cycle of Cash Plus.
1. Automatic investment:
After you enable Cash Plus, idle funds in your Longbridge Securities account will be automatically invested into the corresponding money market fund.
2. Automatic redemption:
- When deductions occur (e.g., for purchasing stocks or other products and withdrawals), holdings in the money market fund will be automatically redeemed as needed.
- All holdings will be redeemed when the automatic investment agreement is terminated.
3. Trading time:
Automatic investment/redemption occurs at a fixed time every day, with no need to specify trading time.
4. Cycle:
Funds are automatically invested into the money market fund and begin accruing returns within one trading day after arriving in the account.
Note: Processing time is calculated based on Hong Kong trading days and will be postponed during holidays.
5. Calculation of 7-day earnings and 7-day annualized yield:
This metric is annualized based on the net return calculated from the most recent 7 calendar days and does not represent the actual one-year return.
Key points:
- Automatic investment: Idle funds automatically invested after signing agreement.
- Automatic redemption: Automatic fund redemption for deductions; full redemption upon agreement cancellation.
- Processing Time: Funds invested within 1 working day (postponed on holidays).
- Earning calculation: 7-day earnings and annualized yield displayed based on calendar days.
Disclosures
This article is for reference only and does not constitute any investment advice.