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Order performance deadlines

Purchase of Participation Units

Purchase of Participation Units takes place upon entry in the Register of the number of Participation Units acquired for the payment made. The entry is made by the Transfer agent, on the basis of the order made by the Participant and on the basis of information received from the Depository Bank on receipt of money for purchase of  Participation Units to the account of the Fund.   

  • In the case of orders of purchase of Participation Units at a Millennium Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), purchase of the Participation Units takes place at the price for the next Valuation Date (day D+1).
  • In the case of orders of purchase of Participation Units at a Millennium Specialized Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), purchase of the Participation Units takes place at the price for the next Valuation Date (day D+2).

Purchase takes place no later than within 7 days after the date of purchase order, unless a delay has resulted from events, for which the Fund cannot be held responsible, in particular, associated with missing information in the order received.

Repurchase of Participation Units

Repurchase of Participation Units takes place upon entry in the Register of the number of the repurchased Participation Units and the amount payable to the Participant due to repurchase of these Participation Units, decreased by the potential tax on the income earned. The entry is made by the  Transfer agent, on the basis of the repurchase order received.

  • In the case of orders of repurchase of Participation Units at a Millennium Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), repurchase of the Participation Units takes place at the price for the next Valuation Date (day D+1).
  • In the case of orders of repurchase of Participation Units at a Millennium Specialized Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), repurchase of the Participation Units takes place at the price for the next Valuation Date (day D+2).

Repurchase takes place no later than within 7 days after the date of repurchase order, unless a delay has resulted from events, for which the Fund cannot be held responsible, in particular, associated with missing information in the order received.

Exchange of Participation Units

Subject to exchange are Participation Units in the same Fund within the framework of the same currency and category. Exchange of Participation Unit consists o f repurchase of Participation Units by the Fund and purchase by the Participant of Participation Units of another Subfund, for the amount obtained from repurchase of the Participation Units, on the same Valuation Date.   

  • In the case of orders of exchange of Participation Units at a Millennium Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), exchange of the Participation Units takes place at the price for the next Valuation Date (day D+1).
  • In the case of orders of exchange of Participation Units at a Millennium Specialized Open Investment Fund, if the information, referred to above, is received by the Transfer agent on the Valuation Date (day D), exchange of the Participation Units takes place at the price for the next Valuation Date (day D+2).

Exchange takes place no later than within 7 days after the date of exchange order, unless a delay has resulted from events, for which the Fund cannot be held responsible.


The Valuation Date is any date of a regular session held at the Warsaw Stock Exchange.  

 

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