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Revised Price Determination Basis For The Cash Fund February 16, 2007
As of 16 February 2007, the price determination basis for Cash Fund transactions made on Mondays and the first business day following the public holidays has been revised.
Author : Fundsupermart.com


Untitled Document

Revised Price Determination Basis For The Cash Fund


As of 16 February 2007, investors who execute a buy or sell transaction on the Cash Fund on a Monday or the first business day after the public holiday(s), will have the price of their units determined on the calendar day* immediately before the date of transaction.

Previously, the price at which investors buy into the Cash Fund on a Monday would be determined by the fund's unit price on the Friday of the previous week. This is on the prerequisite that we receive the relevant payments before 3:00pm on Monday. For sell orders transacted on Mondays, the unit price of the Cash Fund will also be determined by the fund's price on Friday. For the transactions made on the first business day after the public holiday(s), the units would be valued based on the fund's price on the preceding business day.

To illustrate the new price determination basis, let's take a look at a possible scenario as follows: if investors were to place buy orders on the Cash Fund on the First Day of the Chinese Lunar New Year (18 February 2007, Sunday), and payments are received before 3:00pm on 21 February 2007 (Wednesday), the price of the units will determined by the fund's unit price on 20 February 2007 (Tuesday).

Below is a quick summary of the abovementioned revisions:

Day of Transaction

Priced Determined On (Original Pricing Method)

Priced Determined On (Revised Pricing Method)

Friday

Thursday

Thursday

Monday

Friday

Sunday

First Business Day After Public Holiday(s)

Business day before public holiday

Preceding calendar day before the first business day after the public holiday(s)



For further queries, please contact our Customer Service Executives at 6557 2853 or e-mail us at clienthelp@fundsupermart.com.


* A calendar day includes Saturdays, Sundays and designated public holidays.