How to initiate a subscription or redemption order for UCITS?

The market operations service - UCITS option allows you to place online subscription unit orders in UCITS selected by the expertise of Wafa Gestion, Attijariwafa bank group’s  subsidiary in Morocco, and also the redemption of the orders held from the online operations.

To benefit from this service, we invite you to activate the module "Market operations - UCITS option" through your agency or Business Center. 

To initiate your subscription operations, simply:

  • go to the "Markets" section;
  • select the "UCITS" service;
  • select the option "Place an order";
  • select the option "Subscription";
  • select the "Cash account";
  • select the "Securities account" associated to your cash account;
  • select one of the "UCITS" of your choice;
  • check the desired order placing mode:
  1. By amount: if this mode is selected, the amount to be filled in will be displayed, and must correspond to the last displayed net asset value, increased by 2%.
  2. By quantity : if this mode is selected, the quantity to be filled in will be displayed, and may be decimal, depending on the nature of the selected UCITS.
  3. The reservation amount* will be deducted automatically, according to the desired passage formula. This amount is calculated on the basis of a mark-up on the last known net asset value of the selected UCITS in order to cover the fluctuation of the net asset value.
  • confirm your operation.

(*) A compensation could be paid directly to the selected cash account after execution of the order.

To initiate your redemption operations, simply:

  • go to the "Markets" section;
  • select the "UCITS" service;
  • select the option "Place an order";
  • select the option "Redemption";
  • select the "Securities account";
  • select one of the "Cash accounts" associated to your securities account;
  • select one of the "UCITS" held;
  • check the "Quantity" to be redeemed according to the available UCITS already subscribed;
  • confirm your operation.

Upon receipt, subscription or redemption orders will be processed by the bank on working days (excluding weekends and public holidays), and the processing status will be retranscribed in the user's online history. 

Available option: download the official data sheet containing details of the constitution of each selected UCITS.

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