You first need to understand a definition TA ---》Trading agent

A fund trading account is an account set up by a bank for investors to conduct fund transactions in the bank. When investors handle fund business through bank agency outlets, they must first open a fund trading account. This account is used to record investors’ fund trading activities and the fund shares they hold. Each investor can only apply to open one fund trading account. The fund TA account is an account opened by the registration and transfer institution for investors to record the fund shares held by investors and their changes. Redemption process: Submit the redemption instruction on T day. After the market closes on the day, the redemption fee is calculated and confirmed based on the redemption shares, and the net redemption amount

The redemption amount is transferred from the fund assets to the TA account on T+1 day

T+2 day The redemption funds are withdrawn from TA's account

The redemption funds are transferred to the agency account on T+3 days

The redemption funds are received on T+4 days

General In some cases, the bank transfer process is different, and it takes 5-7 days for the cash to be available.

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