When are the shares bought?

Important timelines to note

For application

Action	Effective by	Example
Your BCIP application is received between the 1st day and 12pm on the last business day of the month.	We will execute your order on the 22nd of the following month from the date your application was approved (or, in the event we are unable to do so in that month, the 22nd of the second following month. We will notify you in advance if this is the case).	We received your BCIP application on 10 July 2020. Your order will be executed on the 22nd of August 2020 (or, in the event we are unable to do so in August 2020, on the 22nd of September 2020).
Your BCIP application is received after 12pm on the last business day of the month (application will be treated as having been received by us on the first business day of the next month).	Your application will be deemed as having been received by us on the first business day of the next month, and your order will be executed accordingly.	We received your BCIP application at 3pm on 31 July 2020. Your application will be deemed to have been received by us on 1 August 2020. Your order will be executed on the 22nd of September 2020 (or, in the event we are unable to do so in September, on the 22nd of October 2020).

Action

Effective by

Example

Your BCIP application is received between the 1st day and 12pm on the last business day of the month.

We will execute your order on the 22nd of the following month from the date your application was approved (or, in the event we are unable to do so in that month, the 22nd of the second following month. We will notify you in advance if this is the case).

We received your BCIP application on 10 July 2020.

Your order will be executed on the 22nd of August 2020 (or, in the event we are unable to do so in August 2020, on the 22nd of September 2020).

Your BCIP application is received after 12pm on the last business day of the month (application will be treated as having been received by us on the first business day of the next month).

Your application will be deemed as having been received by us on the first business day of the next month, and your order will be executed accordingly.

We received your BCIP application at 3pm on 31 July 2020. Your application will be deemed to have been received by us on 1 August 2020.

Your order will be executed on the 22nd of September 2020 (or, in the event we are unable to do so in September, on the 22nd of October 2020).

If the 22^nd of the month happens to be on a non-business day, the purchase will be executed on the next business day.

The above illustrations of effective timelines apply to successful BCIP applications approved by OCBC Bank.