1.1 All monies due and payable by the customer to AHAM Asset Management Berhad (formerly known as Affin Hwang Asset Management Berhad) (“AHAM Capital”) shall be made with clear funds and any cheques issued by the customer must be honoured when presented.
1.2 No physical cash shall be accepted as payment for investment.
1.3 If any application made by the customer is rejected for whatever reason, whether in part or whole, any monies paid or remaining balance thereof will be returned (without interest or return) via cheque or such other manner determined to be practicable by AHAM Capital within 30 days from the date of application and any costs or expenses incurred thereof shall be borne solely by the customer.
1.4 Without prejudice to the generality of the foregoing, all employees and agents of AHAM Capital are prohibited from receiving from any parties monies for investment (whether by way of cash or cheque or any other instrument) made out in favour of the employees and / or agents, for their onwards transmission to AHAM Capital and in the event you do hand over such physical cash, or cheque or any other instrument made to the favour of the employee and/or agent, such employee and / or agent shall for the purposes of such transmission of monies to AHAM Capital be your agent and not AHAM Capital’s. AHAM Capital shall not be liable for any loss whatsoever occasioned to you or any other person as a result of you handing over such monies to the employee and / or agent. AHAM Capital is under no obligation to accept payments for investments via employees and / or agents of AHAM Capital or any third party and may in its sole discretion reject such payments.
1.5 In the absence of any instructions to the contrary or as allowed under the deed of the relevant fund, the customer authorises AHAM Capital to automatically re-invest any distributions.
1.6 Only “Sophisticated Investor” may invest in a Wholesale Fund. To obtain the latest definition of “Sophisticated Investor”, kindly refer to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by Securities Commission Malaysia or the glossary section of the respective information memorandum of the relevant fund.
2.1 AHAM Capital shall repurchase units from a customer upon receipt of a valid and completed Transaction Form, at the price (NAV) of the fund as determined in accordance with the terms of the Deed of the relevant fund.
2.2 Request for repurchase of units of funds purchased via EPF Member Investment Scheme shall be made payable to EPF only.
2.3 Payment of repurchase proceeds to a third party is strictly not allowed.
2.4 AHAM Capital will pay the repurchase proceeds via telegraphic transfer to the customer’s bank account as advised by the customer to AHAM Capital at account opening stage, or as and when updated to AHAM Capital.
2.5 AHAM Capital will not be held responsible for any delay or loss incurred due to incorrect bank account number provided by the customer for payment of repurchase proceeds. It is recommended that a copy of bank passbook, or bank statement is provided for verification.
2.6 For partial repurchase, the customer must leave a minimum balance of units required to maintain the fund’s account. In the event any request for partial repurchase results in the customer holding less than the minimum balance of units required, AHAM Capital reserves the right to full repurchase all the units held by the customer.
5.1 The customer shall be responsible for the payment of any charges, fees, costs, expenses, taxes (if any) and other liabilities properly payable or incurred by AHAM Capital and in holding or executing transaction in respect of any of the units.
5.2 AHAM Capital shall not be liable to pay any interest to the customer for any monies held by AHAM Capital for the customer for any reason whatsoever.
6.1 AHAM Capital reserves the right to accept or reject any application in whole or in part thereof without assigning any reason in respect thereof, without compensation to the customer and the duly completed Transaction Form received by AHAM Capital are deemed irrevocable by the customer.
6.2 Notwithstanding anything contained herein, AHAM Capital shall be at liberty to disregard or refuse to process any of the instructions given via this Transaction Form if the processing of such instructions would be in contravention of any laws or regulatory requirements, whether or not having the force of law and / or would expose AHAM Capital to any liability.
6.3 The customer shall indemnify and keep AHAM Capital, its directors, shareholders, and employees fully indemnified against all any direct and / or indirect cost, actions, claims, expenses, fees, liabilities, penalties, fines, suits, losses, and / or damages, suffered and / or incurred by AHAM Capital arising out of and / or in connection with the instructions given in this Transaction Form, save and except for the gross negligence and wilful default on the part of AHAM Capital.
7.1 For investments in Shariah funds, the account is based on the contract of agency under the Shariah principle of Wakalah. AHAM Asset Management Berhad, will act in its capacity as an agent (“Wakil”) for and on behalf of the customer (“Muwakkil”) pursuant to its appointment under the Terms and Conditions of the Account Opening Form.