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Nordea European Smaller Companies Fund

Exceptional procedure in subscription and redemption

The same procedure in use in Finland, Sweden and Norway – different cut-off times

Units in the fund can be subscribed for and redeemed twice a calendar month. Subscriptions and redemption assignments are executed on the second and fourth Wednesday of each calendar month (transaction date). If this a non-banking day in Finland the transaction day will be following banking day. 

Assignments must be given at the latest two weeks ie. ten (10) banking days before the said transaction date (T) in such a way that the assign­ment is received and registered at the Fund Company on the last trans­action date before 16.30 Finnish time in Finland or before 15.30 Swedish time in Sweden, whereas in Norway, before 10.00 Norwegian time.

The execution of the assignments given on the last transaction day at or after 16.30 Finnish time or 15.30 Swedish time or 10.00 Norwegian time will be postponed by one transaction day and will be executed four weeks later.

Assignments received before the cut-off time will be executed on the transaction date.

Cut-off timeTransfer of proceeds to/from account
T-10, 16.30 Finnish time 
T-10, 15.30 Swedish time
T-10, 10.00 Norwegian time


T+2
T+2
T+2

The table lists the transactions days and the corresponding last assignment days until the end of 2020. These dates are valid both for Finland, Sweden and Norway. 
Last assignment dayTransaction day (T)
18.12.201908.01.2020
08.01.2020   
22.01.2020   
29.01.2020   
12.02.2020   
12.02.2020   
26.02.2020   
26.02.2020   
11.03.2020   
11.03.2020   
25.03.2020   
25.03.2020   
08.04.2020   
06.04.2020   
22.04.2020   

28.04.2020

13.05.2020   
12.05.2020   
27.05.2020   
27.05.2020   
10.06.2020   
09.06.2020   
24.06.2020   
24.06.2020   
08.07.2020   

08.07.2020

22.07.2020   
29.07.2020   
12.08.2020   
12.08.2020  
26.08.2020   
26.08.2020   
09.09.2020   
09.09.2020   
23.09.2020   

30.09.2020

14.10.2020   

14.10.2020

28.10.2020   

28.10.2020

11.11.2020

11.11.2020

25.11.2020

25.11.2020

09.12.2020

09.12.2020

23.12.2020

28.12.2020

13.01.2021