Fund Operations
Offer Price
Definition
What is Offer Price?
The price at which a fund or market participant sells units or securities to an investorA person or organisation that commits capital with the expectation of a financial return..
Example in practice
How This Looks in Practice
A new subscriptionThe process of buying new units in a fund by submitting money and a valid instruction. is processed at an offer price of ₦10.00.
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Related Terms
Fund Operations
Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.