Set up
eScheduler can only be used to schedule future orders or amend scheduled future orders where the order is to be processed from and including the next business day.
eScheduler can only be used for subscription order(s) and/or order(s) to switch your investment between the suite of funds made available for subscription and/or switching ("Funds") by JPMFAL.
JPMFAL reserves the right at all times to determine in its sole and absolute discretion which Funds will be made available for subscription or switching via eScheduler.
eScheduler can be set up for a 'one time' transaction or on a 'monthly' frequency basis. If 'one time' is selected, the order(s) will be processed on the date you have selected to process your order ("Order Process Date"). If 'monthly' frequency is selected, order(s) will be processed on the Order Process Date in each month, until the selected expiry date ("Expiry Date") (if any).
Charges
The subscription and switching charges that apply to your scheduled order(s) are set out on the J.P. Morgan eTrading site (under the “Charges” section of FAQ and the “Appendix – Schedules of Fees and Charges” section of Dealing Guide). The charge is subject to any promotional reduction in charges that may be applicable and will resume to the applicable fee schedule after the promotion schemes end. Such subscription and switching charges will be charged on the Order Process Date of your scheduled order(s).
Payment Method
You may only use eScheduler if you have set up an Autopay Bank Account or utilise such other eligible online payment method which is accepted by JPMFAL.
If you have multiple Autopay Bank Accounts, eScheduler will only permit one active Autopay Bank Account (per currency) to settle scheduled orders on the same Order Process Date.
You must ensure that sufficient funds are in your Bank Account to settle the scheduled order(s) before the relevant cut-off time (as determined by your bank) on the Order Process Date to avoid order rejection of your order.
Service providing banks may impose additional bank charges on you if you have insufficient monies in your bank account to settle your scheduled order(s) at the relevant time on the relevant Order Process Date. Such additional bank charges are subject to the terms and conditions stipulated by your service providing bank. JPMFAL is not and will not be responsible for any charges arising in connection with the aforementioned.
JPMFAL does not impose any daily payment limit on your order(s) placed through eScheduler. However, the maximum payment amount using your Autopay Bank Account or any other eligible online payment methods may be subject to limits you have imposed.
Order Processing
If the Order Process Date is not a dealing day for the relevant Funds, your order(s) will be processed on the next dealing day.
If any Order Process Date of future scheduled order(s) falls on the 29th, 30th or 31st of a month, and there are no such dates in the relevant month of intended investment, your order(s) will be processed on the next dealing day(s) for the relevant Funds.
Units of Funds allotted to you from order(s) placed through eScheduler will be designated into your MasterAccount.
Details of the scheduled order(s) and the Autopay Bank Account cannot be amended by you on the same business day as the Order Process Date relevant to such order(s).
Rejected / Suspended Order
JPMFAL has the absolute discretion to accept or reject in whole or in part any application for units in any Fund. Without limiting the foregoing, scheduled order(s) will be rejected by JPMFAL if:
- For subscription order(s), your payments cannot be successfully debited from your Autopay Bank Account or you have not settled your scheduled order(s) through an eligible online payment method on the relevant Order Process Date by the cut-off time determined by your bank.
- For switching order(s), there is an insufficient residual balance in the Fund(s) you intend to switch out of or if there are insufficient available holdings in the J.P. Morgan Fund(s) you intend to switch out of on the scheduled set up day or/and the Order Process Date to satisfy the intended switching order(s).
- The relevant J.P. Morgan Fund(s) you wish to subscribe for have reached capacity limit and therefore are not currently open for subscription.
- The relevant fund(s) is suspended for dealing due to other reasons.
Any rejection will be notified to you by an email notification. If the Order Process Date is not a business day, your email notification will be sent to you the next business date.
Once monthly scheduled order(s) are rejected by the system, all related subsequent monthly order(s) under the same schedule will be automatically suspended.
If the status of any scheduled order(s) is 'suspended' and not reactivated by clients within the next 6 months, such scheduled order(s) will be removed automatically.