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.