Subscribe
All of the Prim’ Finance funds can be accessed at most financial brokers.A specific affidavit must be filled out in order to subscribe for French Managed Futures Hedge Funds (“FCIMTs”).
Orders must be transmitted before 12 noon and will be executed at the day’s NAV; subscriptions/redemptions are settled on the following day.
What you must know...before subscribing.
You must obtain from your financial institution the cut-off times for transmitting orders and specific expenses.Orders must be transmitted before 12 noon and will be executed at the day’s NAV, at an unknown price. Settlement takes place the following day.
Prim Commodities, Prim Agriculture, OFI Prim KappaStocks and Prim KappaVol are co-ordinated diversified FCPs (UCITS III), eligible for life insurance, but not for share savings plans.
Prim Energies and Prim Gold are French Managed Futures Hedge Funds (“FCIMTs”). They are not eligible for share savings plans or for life insurance.
FCIMTs are not subject to the same rules as “all subscribers” UCITS’ and can therefore be riskier; they are reserved for target subscribers in accordance with Article 416-2 of the AMF’s General Regulation.
Subscribing for a FCIMT requires the signing of a specific affidavit that you will find below.
The FCIMT affidavit will no longer be necessary in the case of a sale or second subscription to the same fund.
It is extremely important to read the fund’s AMF prospectus prior to any subscription.
The institution responsible for centralising subscription and redemption orders for the Prim’ Finance funds is:
BNP PARIBAS SECURITIES SERVICES (BPSS)
9 rue du débarcadère
93500 PANTIN
33 (0) 1 43 16 92 59
What is the subscription procedure?
You will need to go through your customary financial institution or your bank (by letter, telephone, or Internet) to subscribe for or to sell units of one of the Prim’ Finance funds.To place an order, you must indicate the fund’s ISIN code, the number of units desired or the estimated amount to be invested.
Prim Commodities, Prim Agriculture, OFI Prim KappaStocks and Prim KappaVol are French “FCPs” (French Unit Trusts). To subscribe, you can download the standard letter below:
- Prim Commodities standard letter
- Prim Agriculture standard letter
- OFI Prim KappaStocks standard letter
- Prim KappaVol standard letter
Prim Energies and Prim Gold are FCIMTs (French Managed Futures Hedge Funds). An affidavit is only compulsory for any natural person, at the time of the first subscription. You can download the affidavit for the product for which you wish to subscribe.
- Prim Energies affidavit
- Prim Gold affidavit
The FCIMT is a legal type of fund accredited by France’s Financial Markets Supervisory Body (“AMF”), which offers more flexible rules in terms of risk diversification than the traditional “FCP” and allows for the use of leverage and selling short. It is subject to the AMF’s rules concerning rigorous compliance with written management commitments contained in fund prospectuses. In addition, 40% of the funds must remain in liquid form and the fund’s valuation must be calculated on a daily basis.
As the funds Prim Energies and Prim Gold are not sufficiently diversified in terms of the number of assets used in order to qualify as general FCPs, the FCIMT is the only solution for obtaining AMF accreditation. However, these funds have committed themselves in the prospectus not to use leverage or short selling. Their management objective is to replicate the performance of an underlying asset or a basket of underlying assets. The theoretical risk is therefore equivalent to the fluctuations of the underlying asset.
