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Variable adjustments to the net asset value when issuing or redeeming shares. Considered to be an anti-dilution measure. Depending on the situation, the fund management places a variable surcharge or discount on larger share emissions or redemptions with the aim of transferring the costs to incoming and outgoing shareholders as the actual perpetrators of these costs. The transaction costs are integrated into the NAV calculation. If share emissions predominate on a valuation day, the NAV increases by the average or effective transaction costs accrued by the fund. If share redemptions predominate on the valuation day, the NAV is reduced by the average or effective transaction costs accrued by the fund.

Term-Nr.: 836

German: Swinging Single Pricing (775)

Source: SFO D15 2010 m. e. E., 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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