Investing

Steps

Details

Time

1. SEPA Mandate

Cooler Future triggers the SEPA mandate which is then executed by the bank of your reference account by transferring the investment amount to your Cooler Future account.

1 - 3 business days

2. Buy Order

Once the investment amount is deposited on your account, Cooler Future triggers the buy order by transmitting it to Baader Bank. Depending on whether the order arrives before or after the cut-off time, your shares are bought at the same day or the next day NAV (= price per share).

1 business day

3. Order Settlement

After the buy order is completed the fund shares do not appear immediately in your account, as the order needs to be settled before the shares are booked into your account. Settlement refers in this context to the transfer of money from buyer to seller and the transfer of the assets from the seller to buyer.

2 - 3 business days

TOTAL

4 - 7 business days

Withdrawing

Steps

Details

Time

1. Sell Order

Cooler Future triggers the sell order by transmitting it to Baader Bank. Depending on whether the order arrives before or after the cut-off time, your shares are sold at the same day or the next day NAV (= price per share).

1 business day

2. Order Settlement

After the sell order is completed the fund shares do not immediately disappear from your account view, as the order needs to be settled before the cash is booked into your account. Settlement refers in this context to the transfer of money from buyer to seller and the transfer of the assets from the seller to buyer.

2 - 3 business days

3. Money Transfer

After the cash is booked into your Cooler Future account, we trigger the transfer to your reference account.

1 - 3 business days

TOTAL

4 - 7 business days

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