Redemptions can only be made on the 15th or last business day of the month.*
Inform your Relationship Manager or Personal Wealth Manager at least one business day before your intended redemption date*
Your Relationship Manager or Personal Wealth Manager will then obtain an indicative redemption price.
If you are comfortable with the indicative redemption price, inform your Relationship Manager or Personal Wealth Manager who will process your request accordingly.
Your Relationship Manager or Personal Wealth Manager will execute the order if the traded price is not more than 1.5% below the indicative redemption price.
* If the 15th is not a business day, redemptions can be made on the next business day. The Bank may, at its sole and absolute discretion, agree to submit such requests on such other day to the Issuer/Market Agent/Dealer. The Bank will submit such request to the Issuer/Market Agent/Dealer who, subject to market conditions, may (but is not obliged to) provide a redemption price. Where the Issuer/Market Agent/Dealer has specified that requests for redemptions will only be processed on specific dates/days of the month, then the Bank will only submit the request on those specified dates.
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