How do I sell unit trusts and park the proceeds in the Cash Fund?
Simply submit a sell order and indicate “Cash Fund” as the redemption method. The selling price will be based on the T date, where T is the day when we process your sell order before 3pm on any business day. For Cash Investments: The sales proceeds of unit trust will be used to buy into the Cash Fund one business day before the settlement date of the sell order. For SRS Investments (IA units): The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+7 business days. T is the transaction date of the sell order. For SRS Investments ( Non-IA units): The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+8 business days. T is the transaction date of the sell order. A sell order into the Cash Fund will be treated as an Inter-switch order, i.e., a switch from your unit trust into the Cash Fund, you will be receiving a switch order email confirmation from us. You will receive 3 emails in total from us: one when we receive your sell order, a se
