$HSBC GIF Ultra Short Duration Bond MDis (LU2334455339.MF)$ ...
$HSBC GIF Ultra Short Duration Bond MDis (LU2334455339.MF)$ I am new to this kind of bond. is this similar to cash plus ? If I buy security and need cash, can I redeem to pay for the security purchase?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
hhhhgggg : u can check the trading rules
u can redeem, but can't redeem during lock up period
Lock-up period：Some funds need to wait for the completion of the funds settlement by the upstream platform after units confirmation and cannot be redeemed. The trading day between the units confirmation and the completion of funds settlement is a lock in period.
Moomoo Buddy : Dear valued customer, for LU2334455339.MF, the redemption takes T+6 to be completed. You can click into the Fund's page - Trading Rules at the bottom - Redemption, to view its redemption rules.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Since the security settlement time normally is T+1 or T+2， the T+6 redeption time could lead to 4-5 days of margin interest been charged.
If you have any further questions, please feel free to come in line, we wish you a good day!