Market Specifications – Investment Funds

CBL client settlement instruction

Subscription

When instructing a subscription transaction, for pacs.008/pacs.009 (MT103/MT202 respectively), where there is no change in beneficial ownership, clients must specify in the Narrative field ‘InstrForNxtAgt’ (field 70/72), the instructions using the following format:

Redemption

Similarly, when instructing a redemption transaction, for pacs.008/pacs.009 (MT103/MT202 respectively), where there is no change in beneficial ownership, clients must specify in the Narrative field ‘InstrForNxtAgt’ (field 70/72), the instructions using the following format:

This information will then be verified with the counterparty.

Account opening

Clients are advised that request for investment funds may have a lead time for account opening. Depending on the fund manager/transfer agent, it may take at least six months to open an account with a fund manager/transfer agent.

Holding restrictions of funds

CBL' s MYR account is designated as a “foreign” cash account. Cash belonging to Malaysian residents must be transferred out within three days from credit date. Clients are responsible for ensuring compliance with these restrictions and agree to indemnify and hold harmless, CBL for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.

Disclaimer

The information contained in the Market Specifications is based on the market practice that CBL was made aware of from different sources. This is not intended to be a comprehensive guide of all local market practices, and CBL disclaims any responsibility as to the accuracy and completeness of the information. Where there is discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail. The Market Specifications do not constitute legal advice and clients should seek advice from independent professional counsel.