The time it takes for Cathay Fund redemptions to arrive. How many days it takes for fund redemptions to arrive depends on the fund redemption time. Redemption operations before 15:00 on the same day are calculated based on the fund's net value announced after the close of the day; redemption orders submitted after 15:00 are based on the closing value of the next day. After receiving the redemption customer's instruction, The fund company needs to carry out fund settlement, so it takes a certain amount of time for fund redemption. Even if the same fund is distributed by different banks, the fund redemption time will be different.
The redemption time of currency funds is "T+1";
The redemption time of stock funds is generally "T+5" or "T+7". Note: T refers to the redemption application submitted before 3 pm on the working day of the same day. Fund redemption time is calculated based on working days. If it falls on Saturday or Sunday, the arrival time will be delayed.