Your principal and earnings from investment in the UITF can be lost in whole or in part when the NAVPu at the time of redemption is lower than the NAVPu at the time of subscription. To determine the gains/losses, simply subtract the NAVPu on subscription date from the NAVPu on redemption date and multiply it by the number of units that you own. What is NAVPu and how do you realize gains from UITFs?Ī UITF participant's investment value is determined through the NAVPu, which may go up or down. Each investor will own units of the fund and may subscribe or redeem anytime in accordance with the UITF's plan rules. The investment guidelines of UITFs vary according to the fund's objectives, time horizon and risk orientation which may be suitable to different types of investor profile. China Bank reserves the right to refuse demonetized notes and confiscate cash or currency notes deemed to be counterfeit.Ī UITF is a professionally managed trust fund where different investors' monies are pooled together and are placed in a range of financial assets, such as time deposits, bonds issued by the government or private corporations, stocks, and other instruments allowed by the BSP.For cash transactions, all currency notes may be subject to availability.For the prevailing FX rate of USD and other currencies, please talk to any of our branch personnel at your nearest China Bank branch.Please note that the FX rates are indicative only and may be subject to change within the day without prior notice.All FX sales by the bank are subject to client’s submission of a duly accomplished Application to Purchase Foreign Exchange form and supporting documents, as applicable, in compliance with applicable FX regulations, among others.*No FX trades beyond the above cut-off times. For example, USDPHP is a currency pair for trading the USD against the PHP. Currencies trade against each other based on FX rates of currency pairs. ![]() Because of the worldwide reach of trade, commerce, and finance, FX markets tend to be the largest and most liquid asset markets in the world. Its market is a global marketplace for exchanging national currencies. ![]() Foreign currency and Exchange, Foreign Exchange, Forex, or simply FX, is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism.
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