The Money Market Fund is now open for subscription.
The Money Market Fund units redemption cut-off times are as follows:
-Over the counter:
From 8:30 am to 1:00 pm, from Sunday to Thursday.
-Through HSBC Online Banking:
From 9:00 am to 12:00 pm, from Sunday to Thursday.
For daily price updates please visit the HSBC Money Market Fund page on Bloomberg site.
Money Market Fund Guidelines for Redemption through Online Banking.
Log on to your Online Banking
Select Contact us from the top navigation
Select send a Secure Message option
Select send us a message from the top right corner
Under what is your enquiry about? Select Redeem Money Market Units from drop-down menu
Please consider the following guidelines when posting your Money Market Fund redemption request:
Requests should be submitted between 8.30am and 11.00am CLT (Cairo local time), except during the holy month of Ramadan requests should be submitted between 9.30am and 11.30am CLT
Requests submitted before or after the mentioned time frame will be cancelled and a new request must be submitted the following working day during the specified time
Requests should be submitted during official working days (weekends or official holidays are excluded)
In case of redeeming existing units, sufficient value should be available in your Money Market Fund account
Requests should clearly mention the credit account for redemption transaction
Redemption requests must be in number of units. The equivalent amount will be credited to your EGP account
Redemption requests should be made through your EGP account only (crediting foreign currency is not applicable)
Third party transactions are not allowed
Your request to transfer units between Money Market accounts (MMI accounts) are not allowed