Change In Additional Subscription Process

Change In Additional Subscription Process

When initiating additional subscription through direct bank transfers (internet banking platform, mobile application or over the counter) please always indicate your E-account number as the reference/remark. An example of this reference is “1341012345”. Kindly note that all inflows received before 12 noon every business day will be given value the same day while inflows that are received after 12 noon will be given value the next business day. This takes effect from 01 Jun 2019.

The Fund Manager will not be liable for any delay or loss that may arise where the reference/remark for a bank transfer does not include the E-account number and such funds would be returned within 5 business days of receipt of funds.

Furthermore, please be informed that additional subscriptions done via the online platform using credit/debit cards would be given value within two business days upon receipt of funds.

Kindly note that this change in subscription process does not apply to the Stanbic IBTC Dollar Fund.

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+234 1 280 1266


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