How do you guys interpret the below paragraph in the T&Cs of an investment platform?
Customer may automate their investments by activating the Auto Funding feature on the Platform. On activation of such feature, Customer’s funds will be automatically invested in facilities that meet the investment parameters set by the Customer on the Platform in default amounts of S$1,000 per facility, unless otherwise set by the Customer on the Platform, except where there is an oversubscription into a facility, whereupon amounts of less than S$1,000 per facility will be automatically invested.
In case the customer alters the default amount from S$1,000 to for example S$2,000, what would happen in case of oversubscription?
a) <S$1,000 would be invested per facility
b) <S$2,000 would be invested per facility
c) something else
Customer may automate their investments by activating the Auto Funding feature on the Platform. On activation of such feature, Customer’s funds will be automatically invested in facilities that meet the investment parameters set by the Customer on the Platform in default amounts of S$1,000 per facility, unless otherwise set by the Customer on the Platform, except where there is an oversubscription into a facility, whereupon amounts of less than S$1,000 per facility will be automatically invested.
In case the customer alters the default amount from S$1,000 to for example S$2,000, what would happen in case of oversubscription?
a) <S$1,000 would be invested per facility
b) <S$2,000 would be invested per facility
c) something else
