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+4 | The units purchased is expected to be confirmed on March 8, 2020 |
| View earnings | Estimate: T+5 | Earnings 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 Process | Example | |
| Submission of sell order | By 12:00 noon on T day | Submit order by 12:00 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 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.