Knowledge Base

← Financial Instruments, Crypto-Assets, and Their Risks

Questions

Which party is responsible for verifying Know Your Customer (KYC) requirements before transmitting the order?

The management company
The centralizer
The distributor or financial intermediary
The custodian account keeper

Which mechanism adjusts the net asset value (NAV) so that transaction costs are borne by entering or exiting unitholders?

Redemption gating
Suspension of subscriptions and redemptions
Swing pricing
Unknown price valuation

What is the typical cut-off time for order submission to be executed at the day's net asset value (NAV)?

10:00 AM
11:00 AM or 12:00 PM
1:00 PM
4:00 PM

What is the maximum legal settlement period for a redemption order under Article L.214-8-4 of the Code monétaire et financier?

2 business days
3 business days
5 business days
7 business days

The suspension of subscriptions and redemptions can only be decided by the AMF in the event that a reliable NAV cannot be calculated.

True
False

The subscription price is calculated as the net asset value (NAV) minus the subscription fee.

True
False

Redemption gating

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Redemption gating
Swing pricing
Suspension of subscriptions and redemptions
Categories:

Redemption management

Subscription management