What happens if either one of the subscription or redemption applications is not successful?
If only one instruction can be executed (i.e. either the redemption or the subscription instruction), the transaction which has been executed is still a valid transaction. If the application to redeem the original fund fails but the application to subscribe for the new fund succeeds, customers will then be in a position of concurrently holding and investing in both the original fund and the new fund and will have to bear all the investment risks associated therewith, including but not limited to the relevant fund price fluctuations and exchange rate fluctuations. In addition, in the event that customers are required, at such time, to make repayment of the amount advanced by the Hang Seng Bank Limited, customers will have to provide separate moneys to repay the outstanding amount owed to the Hang Seng Bank Limited.
Related Questions
- If the cut-off time for the fund subscription application and that for fund redemption application are different, when will my applications be processed?
- What happens if either one of the subscription or redemption applications is not successful?
- What is the cut off time for submitting the subscription/redemption applications?
