Subscription procedure for Funds
Fund means "Undertaking for collective Investment".
Fund means "Undertaking for Collective Investment". UCI is a general term used for different undertakings as the Mutual Fund, the open-end collective investment scheme (Sicav) and the closed-end collective investment scheme (Sicaf).
The NAV (Net Asset Value) for most of the funds is calculated on a daily basis (when the market closes). This value is published the following day on our transaction site. Sales and purchases never take place at this NAV. The actual trade date depends on the policy of the fundcompany.
Registration and reception of the requests of subscription/redemption
Any request for subscription/redemption of shares/units of the fund can be submitted and registered via our Transaction Site and via our mobile application, provided the fund is part of our selection of commercialized funds.
Each working day, these requests are transmitted by Keytrade Bank to its correspondent who collects and forwards them for execution, taking into account the cut-off of each fund.
A subscription/redemption request for shares/units of the fund that you have submitted in good time before the fund's cut-off will be executed at the net asset value (NAV) of the same day (D), of the following day (D+1), of the day after (D+2) or weekly (up to D+7) and this according to the subscription and redemption conditions for shares/units of the fund (in particular the cut-off time) as stated in the prospectus.
Requests for changes of sub-fund are not possible at Keytrade Bank.
Attention: It is possible that your order remains "pending", even if it is already executed on the correct date and at the right price. This is due to the fact that the market of investment funds doesn't work in real time and Keytrade Bank therefore has to wait on the definitive confirmation of the execution by the funds managers. And this can take some days.
Remark If you wish to use the revenue of a sell, you must take into account the value date of the generated cash.
Value dates per market:
Euronext (Brussels, Amsterdam, Paris)
London Stock Exchange
OMX (Helsinki, Stockholm, Copenhague)
D+3 (the value date is stipulated by the issuer)