It means that the fund holder sells the fund units held in his hands at the announced price and recovers the cash. inInternet Finance
In products, the redemption mechanism is equivalent to the transfer of money. Different internetFinancial product
Redemption mechanism is different. WeChatFinancial management
As an example, each time the redemption of a maximum of 50,000 yuan, one day can be redeemed for 5 times (up to a maximum of 250,000 yuan can be transferred daily), and the arrival time varies with the redemption time, as follows:
---0:00-7:00 to redeem and arrive before 10:00 on the same day;
---7:00-17:30 Redemption, arrival within 2-4 hours;
--17:30-0:00 Redemption, arrival before 10:00 the next day.
The time of arrival of the WeChat Financial Link Redemption business from the time of 10:00 am on March 28 will be temporarily adjusted to the second business day of redemption.