Fund Units Settlement Terms Convention
Definition
Fund Units Settlement Terms Convention. Default settlement terms which may apply to a fund, trading of for units in the fund and for redemption of fund units.
From EFAMA DD Review Notes: Default settlement terms. Related to the Unit. Usually the terms are set already at the fund level, and won't vary at share class level between different share classes, but they are facts about the share classes / Notes / Bonds i.e. what you can trade. In fact this happens already - different kinds of investors may have different settlement dates. In this example you announce it earlier - not the same. This may be a separate fact. Conesnsus:Review
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