Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What is a huge redemption? What is the difference between choosing "give up redemption" and "continue redemption"?
What is a huge redemption? What is the difference between choosing "give up redemption" and "continue redemption"?

definition of huge redemption: on a single open day, when the net redemption application of the fund (net redemption application = total redemption application+total transferred application shares in fund conversion-total subscription application-total transferred application shares in fund conversion) exceeds 1% of the total fund shares of the previous day, it is considered as huge redemption. In the case of huge redemption, the fund company will determine the redemption share accepted on the same day according to the proportion of the redemption application amount of a single account to the total redemption application amount. For the unaccepted share, the customer can choose to give up the redemption or postpone the redemption until the next working day. Choosing to give up the excess part means that when there is a huge redemption on the redemption date, the redemption submitted will automatically cancel the application for the remaining share except the redeemable share on that day, and will not be redeemed this time; Choosing to continue redemption means that when there is a huge redemption on the redemption date, the submitted redemption will continue to be redeemed on the next trading day, except for the redeemable share on the same day, but it will not enjoy the priority until the share is fully redeemed.