The OTC trading of lof open-end funds adopts unknown price trading, and the trading principle is T+ 1. Buy today and sell tomorrow. The subscription share can only be redeemed on T+2, and the redemption amount can only be withdrawn from the fund company on T+3, which needs to be transferred through the custodian bank and agent. Investors can only receive the redemption money on T+7 at the latest.

Open-end funds take the online banking subscription fund commonly used now as an example. To subscribe for a fund, the first thing is to freeze this part of the fund. After the stock market closes on the same day and the fund company confirms it, the net value of the fund announced on the same day is the purchase price, and the specific share can be found in your account the next day.