After you have confirmed an order, it will appear as pending while it is awaiting processing.
When will it be processed?
Kernel operates on a weekly investment cycle. This means any orders (buy or sell) received before 12:00pm on Wednesday are processed that same Wednesday and orders that arrive after 12:00pm on Wednesday will be processed the following Wednesday.
From Thursday afternoon the unit price will be confirmed and your new investment will appear in your portfolio.
Exceptions to this rule will apply when Wednesday is a public holiday or for any major unforeseen events outside of our control.
Hmm okay, give me an example..
On Saturday, Luke confirms an investment into one of his chosen funds. This order is processed by Kernel on Wednesday and Luke can view his additional investment in his portfolio on Thursday afternoon. Happy days.
If you have any questions about this, send us a message.