I understand that if SwiftPay request is submitted after the cut off time that transaction will be processed on the next working day and that I would not hold NBP Funds and Trustee responsible for any loss consequent to such processing of SwiftPay request on the next working day. All Terms and Conditions apply
I have read and understood the guidelines as stated in the Trust Deed, Offering Documents and/or Supplementary Offering Documents of the respective Fund / Plan and especially the clauses that relate to the risks involved.
- I understand that the redemption will be made on applicable NAV as per the terms and conditions mentioned in the Offering Documents and/or Supplementary Offering Documents of the respective Fund/Plan.
- I understand that redemption value of units may go up or down based on redemption price as announced by NBP Funds.
- I understand that redemption (either in part or full) is liable to capital gains tax, if any.
- I understand that if SwiftPay transaction is returned unpaid from bank, the same will be processed through normal process and proceeds will be transferred as a normal procedure.
- I understand that if SwiftPay transaction is received by NBP Funds after the cut off time, that transaction will be processed on the next working day and that I would not hold NBP Funds responsible for any loss consequent to such processing of such transaction(s) on the next working day.
- I understand that if redemption request on any single day exceeds 10% of the total number of units issued, the Trustee shall redeem only 10% on a first come first served basis and defer the balance to the next business day.
- I understand that NBP Funds/ Trustee will not be responsible if delays in transferring proceeds are beyond their control.
- I, hereby waive and discharge NBP Funds and the Trustee fully from any implied or express obligation of confidentiality / non-disclosure, which may result as a consequence of NBP Funds complying with the request herein above and/or any break-down, malfunction, erroneous or unauthorized transmission or access to the Statements of Account and the related services.
- I / We understand that redemption proceeds are paid out from investment balance which includes both principal and / or profit (if any). Hence, investment balance will reduce as a result of redemption.