Pricing , Dealing and Settlement Flashcards
1
Q
Buying and selling units Unit Trusts/OEICS
A
- no secondary market ; not listed
- Units bought and sold from / to manager
2
Q
Pricing of Unit Trusts / OEICS
A
Priced at the NAV
Divide underlying assets by the number of units
3
Q
OEICS Pricing
A
One way pricing
Quote NAV but then charges added on (dilution levy)
4
Q
Unit Trust Pricing
A
Two way pricing
5
Q
Forward Pricing
A
Deal at next valuation pricing
6
Q
Historic pricing
A
Deal based on last price
7
Q
EMX and Calastone
A
Widely used messaging system where participants can process orders in CIS
