Fund Subscription and Redemption Rules

Fund transactions are processed based on the trading day (T day), with 12:00 as the cutoff. Units purchased before the cutoff will be confirmed within T+4. Proceeds from fund redemptions may take up to 7 trading days to be credited to your account. Specific rules and amount limits are subject to the product details.

1. Subscription Rules

Subscription Process

Note: T day refers to the trading day. The cut-off time is 12:00 daily. 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

The minimum initial purchase amount and subsequent investment amount can be found in the Longbridge app > "Market" > "Fund" tab > select your preferred Fund > "Trading Rules" > "Buy" tab.

Rules for Canceling Orders

• Existing orders can be cancelled before 12:00 noon on T day
• Existing orders cannot be cancelled after 12:00 noon on T day. 
  You must first wait for the units to be confirmed; whereupon, you may request to sell on the second trading day after confirmation of the purchase has been completed.

2. Redemption Rules

Redemption Process

Note: T day refers to the trading day. The cut-off time is 12:00 noon daily SGT. T (not including 12:00) refers to the time before 12:00 noon (not inclusive), while T+1 refers to the time after 12:00 noon (inclusive). Weekends and statutory holidays (subject to the country in which the fund is located) are non-trading days.

Trading Amount

The minimum holding unit and minimum redemption unit (units to be sold) can be found in the Longbridge app > "Market" > "Fund" tab > select your preferred Fund > "Trading Rules" > "Sell" tab.

Rules for Canceling Orders

Order withdrawal requests may be made on the Fund Trading History page in the app.

Key takeaways:

• Purchase rules
  • Cut-off time: Place an order before 12:00 (exclusive) on the trading day (T day) .
  • Unit confirmation: Units are confirmed on T+4 (postponed for non-trading days).
  • View returns: Estimated T+5
  • Cancellation: Existing orders can be cancelled before 12:00 noon on T day.
• Selling rules
  • Cut-off time: Place the sell order before 12:00 on T day.
  • Funds arrival: Funds arrive within 7 trading days after net worth confirmation (net worth confirmed on T+1).
  • Cancellation: Order withdrawal requests may be made on the Fund Trading History page in the app.

Disclosures

This article is for reference only and does not constitute any investment advice.