1. What does the confirmation date of financial redemption mean?
If investors want to redeem the subscribed fund, they need to submit a redemption application through the subscription channel first. After submission, the redemption funds cannot be received immediately, and the redemption funds can only be settled after the fund company confirms the redemption share.
Redemption confirmation date refers to the time when the fund company confirms the redemption share, which is generally T+ 1.
T only refers to the trading day before 15: 00. Operation after 15: 00 shall be regarded as the next trading day.
For example:
If the investor submits the redemption application before Monday, February 2nd, 65438 15: 00, then Monday, February 2nd, 65438 is T day, and Tuesday, February 3rd, 65438 is the redemption confirmation date, that is, T+ 1.
If the investor submits the redemption application after Monday, February 2, 65438 15: 00, Wednesday, February 3, 65438 (Tuesday+February 4) is the redemption confirmation date.
2. Can I redeem my wealth management on Saturday and Sunday?
Redemption applications can be submitted on Saturday and Sunday. Open-end funds generally have no limit on redemption time, but the redemption confirmation date and redemption time in transit do not include Saturday and Sunday.
For example, if an investor submits a redemption application on Saturday, whether before 15: 00 or after 15: 00, next Monday will be counted as T day, and the redemption confirmation date will be next Tuesday (T+ 1 day).
Therefore, if investors are in a hurry to use money, it is best to avoid weekends and legal holidays when redeeming funds. What does the above financial redemption confirmation date mean? I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.