Primary Market Trading

Subscription

You can subscribe to tokenized funds via the following steps:
1. Go to Trading – RWA – Primary Market
2. Choose the fund you want to subscribe to
3. Switch to the Subscription tab in the trading panel on the right
4. Fill in the subscription amount
5. Click the Subscribe button and confirm to submit the subscription order

Redemption

You can redeem tokenized funds via the following steps:
1. Go to Trading – RWA – Primary Market
2. Choose the fund you want to redeem
3. Switch to the Redemption tab in the trading panel on the right
4. Fill in the number of units to redeem
5. Click the Redeem button and confirm to submit the redemption order

Day T

Day T refers to the trading day when fund companies process investors' subscriptions, redemptions, and other requests. Day T varies across funds because fund companies have self-determined cut-off times.
Assume a fund company's cut-off time is 10:00.
1. If an investor submits a subscription/redemption before 10:00 on Monday, the order will be processed on Monday (T).
2. If an investor submits a subscription/redemption after 10:00 on Monday, the order will be processed on Tuesday (T+1).
3. If an investor submits a subscription/redemption after 10:00 on Friday, the order will be processed next Monday (T+1). The same applies to a statutory holiday: an order submitted after 10:00 on the last trading day before the holiday will be processed on the first trading day thereafter (T+1).

Fees

Fund companies will charge a certain amount of money as the management fee. The fee will be deducted from the fund's net asset value. There is no need for investors to make extra payment. The applicable management fee rate can be viewed on the fund details page under Trading Rules – Fees.