Fund Subscription and Redemption Rules
Subscription Rules
Subscription Process
| Subscription Process | Example | |
| Submission of buy order | By 12:00 on T day | Submit order by 12:00 on March 2, 2020 |
| Confirmation of share | Estimate: T+3 | The units purchased is expected to be confirmed on March 4, 2020 |
| View earnings | Estimate: T+4 | Earnings are expected to be viewable on March 5, 2020 |
Note: T day refers to the trading day. The cut-off time is 12:00 daily (there is no time difference between Singapore Time and China Standard Time). T (not including 12:00) refers to the time before 12:00 (not inclusive), while T+1 refers to the time after 12:00 (inclusive). Weekends and statutory holidays (subject to the country in which the fund is located) are non-trading days.
Trading Amount
- Minimum initial purchase amount - please refer to the Fund Details page for details
- Subsequent purchases - please refer to the Fund Details page for details
Rules for Canceling Orders
- Orders placed before 12:00 on T day may be canceled;
- Orders placed after 12:00 on T day cannot be canceled. You must first wait for the units to be confirmed; whereupon, you may request to sell on the second trading day after confirmation;
Redemption Rules
Redemption Process
| Redemption Process | Example | |
| Submission of sell order | By 12:00 on T day | Submit order by 3:00 p.m. on March 9, 2020 |
| Confirmation of net value | T+3 | The net value is expected to be confirmed on March 12, 2020 (i.e. the net value as of March 9) |
| Cash credited to account | Within 7 trading days | Funds are expected be returned to the account by March 17, 2020 |
Note: T day refers to the trading day. The cut-off time is 12:00 daily (there is no time difference between Singapore Time and China Standard Time). T (not including 12:00) refers to the time before 12:00 (not inclusive), while T+1 refers to the time after 12:00 (inclusive). Weekends and statutory holidays (subject to the country in which the fund is located) are non-trading days.
Trading Amount
- Minimum units/amount held - please refer to the Fund Details page for details
- Minimum number of units to be sold - please refer to the Fund Details page for details
Rules for Canceling Orders
Order withdrawal requests may be made on the Fund Trading History page, and will be effective as of the date of submission.