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Terms & Conditions

1. Introduction
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These Terms & Conditions govern your investment in the Namibia Unit Trust and outline the responsibilities, processes, and conditions applicable to all investors.

By investing, you agree to be bound by these terms, as amended from time to time.

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2. General Information
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2.1 Investment Offering

Your investment account is administered by Namibia Unit Trust Management Company (NUTM), which provides a range of investment options as outlined in the application form.

Investment options are made available at NUTM’s discretion and may change over time.

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2.2 Fees and Charges

Details of all applicable fees and charges are outlined in the Fee Schedule included in the application documentation.

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2.3 Regulatory Compliance

All investments are subject to applicable legislation, including financial intelligence and anti-money laundering laws. All information provided by investors must comply with these requirements.

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2.4 Confirmation of Investment

Once all requirements have been met and your investment has been processed, you will receive confirmation of your investment details.

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2.5 Trustee and Governance

The unit trust scheme operates under applicable legislation, and an appointed trustee oversees compliance with regulatory requirements and fund governance.

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2.6 Nature of Investments

  • Unit trusts are generally medium- to long-term investments

  • Investment values may fluctuate and are not guaranteed

  • Past performance is not indicative of future performance

  • Prices are calculated based on Net Asset Value (NAV)

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2.7 Risk Disclosure

Investors acknowledge that:

  • Market fluctuations may impact investment value

  • Returns are not guaranteed

  • The full investment risk is borne by the investor

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2.8 Pricing and Valuation

Unit trust prices are calculated daily and may fluctuate in line with market conditions and underlying asset values.

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2.9 No Financial Advice

NUTM does not provide financial advice. Investors are responsible for their own investment decisions.

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2.10 Limitation of Liability

NUTM is not liable for:

  • Losses arising from market fluctuations

  • Changes in legislation or taxation

  • Indirect or consequential damages unless caused by negligence or misconduct

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2.11 Investor Information

Investors are entitled to request information that is required to be disclosed under applicable laws.

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2.12 Reporting

  • Transaction confirmations will be issued after processing

  • Investment statements will be issued monthly and quarterly

  • Additional reports are available on request

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2.13 Electronic Communication

Electronic communication (including email and online platforms) may be used. Investors acknowledge associated risks and are responsible for ensuring secure communication channels.

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2.14 Amendments

These Terms & Conditions may be updated from time to time. The latest version will be made available, and continued use of services constitutes acceptance of any updates.

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3. Administration of Investments
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3.1 Acceptance of Applications

NUTM reserves the right to accept or reject any application at its discretion. If an application is rejected, any funds received will be refunded subject to applicable requirements.

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3.2 Documentation Requirements

Investments will only be processed once all required documentation and compliance checks have been completed.

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3.3 Instructions and Communication

Instructions submitted via email or other electronic means must be verified. Confirmation of receipt is the responsibility of the investor or their representative.

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3.4 Processing Times

  • Instructions received before the daily cut-off time will be processed on the same business day

  • Instructions received after cut-off will be processed on the next business day

  • Processing is subject to receipt of funds and required documentation

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3.5 Withdrawals

  • Withdrawal requests must be submitted in writing

  • Payments will be processed according to applicable timelines and pricing rules

  • Withdrawals may be subject to regulatory requirements and verification

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3.6 Clearance Periods

  • New investments may be subject to clearance periods depending on payment method

  • During this period, transactions may be restricted

  • Distributions during the clearance period may be reinvested

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3.7 Debit Orders

Any new or amended debit order instructions must be submitted in advance of the applicable processing date.

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3.8 Payment Processing

Delays may occur depending on banking processes and transaction methods.

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3.9 Termination of Investment

  • Either party may terminate the investment with written notice

  • Termination is subject to applicable terms, notice periods, and legal requirements

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3.10 Unclaimed Investments

Investments may be classified as unclaimed if contact cannot be established. Reasonable steps will be taken to locate investors, and associated costs may be deducted.

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3.11 Changes to Information

Changes to investor details may require additional verification and may delay processing.

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4. Contact and Support

Client service support is available during business hours. Investors are encouraged to contact the support team for assistance with queries, confirmations, or additional information.

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5. Acceptance

By proceeding with an investment, you confirm that you:

  • Have read and understood these Terms & Conditions

  • Accept the risks associated with investing

  • Agree to comply with all applicable requirements and processes

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