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 time and transfer of proceeds
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 2022. These dates are valid both for Finland, Sweden and Norway. 
Last assignment days and transfer days
Last assignment day
Transaction day (T)
27.10.202110.11.2021
10.11.202124.11.2021
23.11.2021
8.12.2021
8.12.202122.12.2021
28.12.2021  
12.1.2022     
12.1.2022
26.1.2022    
26.1.2022     
9.2.2022    
9.2.2022
23.2.2022     
23.2.2022     
9.3.2022     

9.3.2022

23.3.2022     
30.3.2022     
13.4.2022     
11.4.2022
27.4.2022  
27.4.2022    
11.5.2022     
11.5.2022
25.5.2022    

24.5.2022

8.6.2022
8.6.2022   
22.6.2022   
29.6.2022   
13.7.2022    
13.7.2022  
27.7.2022
27.7.2022    
10.8.2022  

10.8.2022

24.8.2022    

31.8.2022

14.9.2022     

14.9.2022

28.9.2022

28.9.2022

12.10.2022

12.10.2022

26.10.2022

26.10.2022

9.11.2022

9.11.2022

23.11.2022
29.11.202214.12.2022
13.12.202228.12.2022
27.12.202211.1.2023