What will happen if the proceeds from redemption of the original fund are not sufficient for subscription of the new fund?
The maximum amount of subscription of the new fund is estimated based on the latest available unit price of the original fund to be redeemed and the relevant exchange rate if the new fund and the original fund are denominated in different base currencies. Therefore, even though the Hang Seng Bank Limited has reserved some buffer when estimating the amount to be subscribed, the actual redemption proceeds may still be insufficient to cover and pay for the amount to be subscribed due to market and foreign exchange rate fluctuations. In these circumstances, the Hang Seng Bank Limited will debit the shortfall from the sub-accounts of the customer’s designated integrated account in the following order: foreign currency savings account which is of the same currency as the base currency of the new fund, HKD savings account, HKD current account, and then foreign currency savings account which is of a currency different from that of the new fund. If the shortfall remains unsettled in full, it wi
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