Changes to investment switching process due to end of financial year
The crediting rate process is different in the last week of June and first few weeks in July. This year the below cut off times, processing timeframes and effective dates for investment switches will apply.
Changes to business as usual are required to ensure that we can most accurately price the Fund earnings to 30 June.
|
When we receive the switch |
What will be the effective date of the switch? |
When will the switch be processed? |
Will the switch be processed using declared or interim crediting rates? |
|---|---|---|---|
|
Switches received after the cut off1 on Thursday, 14 June through to the cut off1 on Thursday, 21 June |
Friday, 22 June |
Wednesday, 27 June or Thursday, 28 June |
Declared to Friday, 22 June |
|
Switches received after the cut off1 on Thursday, 21 June through to the cut off2 on Friday, 29 June |
Saturday, 30 June |
Thursday, 5 July or Friday, 6 July |
Declared up to Friday, 29 June and Interim for Saturday, 30 June (1 day) |
|
Switches received after the cut off2 on Friday, 29 June through to the cut off1 on |
Friday, 6 July |
Wednesday, 11 July or Friday, 12 July |
Declared up to Monday, 9 July (interest only allocated up to and including Friday, 6 July) |
|
Switches received after the cut off1 on Thursday, 5 July through to the cut off1 on |
Friday, 13 July |
Wednesday, 18 July or Thursday, 19 July |
Declared up to Friday, 13 July |
|
Switches received after the cut-off1 on Thursday, 12 July through to the cut off1 on Thursday, 19 July |
Friday, 13 July |
Wednesday, 25 July or Thursday, 26 July |
Declared up to Friday, 20 July |
1 Paper switches: 5.00 pm; electronic (online) switches: midnight.
2 Paper switches: 5.00 pm; electronic (online) switches: midnight on the last business day prior to 30 June.