Fund Subscription and Redemption Rules

Subscription Rules

Subscription Process

Subscription ProcessExample
Submission of buy orderBy 12:00 on T daySubmit order by 12:00 on March 2, 2020
Confirmation of shareEstimate: T+4The units purchased is expected to be confirmed on March 8, 2020
View earningsEstimate: T+5Earnings are expected to be viewable on March 9, 2020

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

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

Existing orders can be cancelled before 12:00 noon on T day

Existing orders cannot be canceled 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.

Redemption Rules

Redemption Process

Redemption ProcessExample
Submission of sell orderBy 12:00 noon on T daySubmit order by 12:00 p.m. on March 9, 2020
Confirmation of net valueT+3The net value is expected to be confirmed on March 12, 2020 (i.e. the net value as of March 9)
Cash credited to accountWithin 7 trading daysFunds 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 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

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.

相关问题