Financial channel> Internet Financial Encyclopedia> Redemption mechanism

Redemption mechanism

Edit: melt 360 finishing Source: Rong 360 Date: 2014-03-24

Summary:

The redemption mechanism means that the fund holder sells the fund unit held by the fund at the published price and reclaims the cash. In the Internet financial products, the redemption mechanism is equivalent to the amount transferred out. Different Internet financial products redemption mechanism is different. ToMicro-credit managementFor example, every time
Redemption mechanismRefers to the fund holders will be held by the fund unit at the published price and cash recovery. inInternet FinanceIn the product, the redemption mechanism is equivalent to the amount transferred out. Different internetFinancial productRedemption mechanism is different. To micro letterFinancial managementFor example, each redemption maximum amount of 50,000, one day redeemable 5 times (both out of funds can be transferred up to 250,000 yuan a day), arrived at the time with the redemption time changes, as follows:

--- 0: 00-7: 00 redemption, the day before 10:00;

--- 7: 00-17: 30 redemption, 2-4 hours to arrive;

--- 17: 30-0: 00 redemption, the next day before 10:00 arrived.

Micro-credit management redemption business arrival time from March 28 at 10 am temporarily adjusted for the redemption of the second working day.

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