Creation / Redemption Flow for In-kind Creation/Redemption ETFs
Daily Creation and redemption are based on ETF’s NAV calculated in early evening. Confirm non-tradable days by referring to trading calendar on our official homepage. Basket for creation is continually-updated on our official homepage. Basically sell/buy at last price of T day’s market while FX rate is TTM of one business day after the application (10am on T+1)
The flow chart below is showing the creation/redemption process for Nikko AM ETFs. Please note that transactions cannot be processed for days on which applications are not accepted.
- Creation Flow for In-kind Creation/Redemption Type ETFs
- Redemption flow for in-kind Creation/Redemption Type ETF
Creation Flow for In-kind Creation/Redemption Type ETFs
Please secure the basket for creation ETF when making application.
We recommend you to take measures like borrowing stocks in order to secure the basket for settlement for ETF creation.