Ch.5 · SID, SAI and KIM Documents · medium
What is the 'cut-off time' and why is it critical for determining applicable NAV?
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EXPLANATION
Cut-off time is the deadline by which a transaction (purchase or redemption) must be submitted to get the same day's NAV. Transactions submitted before the cut-off get that day's NAV; those submitted after get the next business day's NAV. Cut-off times differ by scheme type — equity, debt, liquid — and are disclosed in the SID.
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