Introduction to Tiger Vault

Tiger Vault is an exclusive solution for Tiger Brokers' clients to manage their idle cash, to invest in "money market funds" with stable returns, low risk, and high flexibility. Clients can activate the "Auto-Sweep" feature to automatically use their positions in Tiger Vault as the available buying power to invest in stocks, options and participate in IPOs.

Currently, Tiger Vault supports both USD and SGD money market funds.

Money market funds mainly invest in high-security monetary instruments such as government bills and fixed bank deposits, which are suitable for conservative investors.

Features of Tiger Vault

  • High flexibility

T+0 Settlement Fund: Subscribed on T day, units can be confirmed on T day and can be redeemed when the units are confirmed. Redeemed on T day, and the cash will be available on T day. No cost for subscription or redemption.

T+1 Settlement Fund: Subscribed on T day, units can be confirmed on T+1 day and can be redeemed when the units are confirmed. Redeemed on T day, and the cash will be available on T+1 day. No cost for subscription or redemption.

Note:

  • T day is the trading day.

  • After activating the Auto-sweep, the units of Tiger Vault Funds you hold can be directly used as buying power to invest in stocks, options, IPO and non-money market funds

  • Please refer to the fund documents for specific settlement rules of each fund.

Risk warning: When you use Auto-Sweep to trade other investment products resulting in the MMF redemption amount greater than the MMF redemption gate, it may cause your redemption funds to take longer to arrive and incur some financial interest.

  • Low minimum transfer-in amount

Start at 1 USD/ SGD

  • no cost

There are no subscription and redemption fees for Tiger Vault, and no fees are charged for the Auto-sweep function.

Introduction to Tiger Vault Auto-sweep function

  • Introduction to Tiger Vault Auto-sweep function

Tiger Vault Auto-sweep is a service that automatically manages your idle funds launched by Tiger Brokers. When Auto-sweep is initiated, the idle cash in your account will be automatically transferred to the money market fund for earnings at a specific time without manual operation. Tiger Vault will automatically transfer funds when you buy securities, subscribe IPO, options, non-money market funds.

  • The way to activate Auto-sweep

The way to activate Auto-sweep: 【start Tiger APP】>【profile】> 【Tiger Vault】>【Auto-sweep】>【Manage】>【activate Auto-sweep 】

  • The way to pause Auto-sweep

When you do not want to "auto-buy" money market funds with idle funds after activating the Auto-sweep, you can choose to pause the "auto-buy" at any time.The way to pause Auto-buy: 【start Tiger APP】>【profile】> 【Tiger Vault】>【Auto-sweep】>【Manage】>【Pause】>【Select the number of days to pause】

Can I withdraw my cash if my Auto-Sweep is turned on?

Yes, and if you perform any manual redemption of your Tiger Vault, Auto-sweep will be suspended for 3 business days to provide sufficient time for cash withdrawal.

In what situation will automatic redemption be initiated?

The auto-redeem can be triggered when the following requirement(s) have not been satisfied.

  • Available cash requirement: If the available cash excluding the short collateral of current currency is negative, the automatic redemption will be triggered.

  • Settlement requirement of the other products: If the settled cash of current currency is negative, the automatic redemption will be triggered.

When the current asset cannot meet the requirement(s), auto-redeem will be initiated to redeem partial, or all of Tiger Vault.

The time of auto-redemption and auto-subscription vary based on Fund Currency.

Auto Subscription

Auto Redemption*

USD Tiger Vault

Around 20:10(EST)
*Daylight Savings Time: 8:10 (SGT)
*Standard Time: 9:10 (SGT)

Around 10:30 (SGT)

HKD Tiger Vault

About 23:00 (SGT)

Around 8:10 (SGT)

*If there are any pending subscription orders of the same currency's Tiger Vault before automatic redemption, the system will cancel the existing subscription orders, and re-submit automatic subscription or redemption orders (if any) based on the asset situation after order cancellation.

*If the U.S. dollar conversion is carried out after 5.00am (SGT), the auto-sweep to USD Tiger Vault will be processed on the second workday.

Transaction Rules

Deadline for subscrption and redemption orders on each trading day: 11:00 AM

  • Time to calculate fund returns

subscription time

Order settle time

Showing earnings time

Monday 11:00 to Tuesday 11:00

Wednesday

Thursday

Tuesday 11:00 to Wednesday 11:00

Thursday

Friday

Wednesday 11:00 to Thursday 11:00

Friday

Next Monday

Thursday 11:00 to Friday 11:00

Next Monday

Next Tuesday

Friday 11:00 to next Monday 11:00

Next Tuesday

Next Wednesday

  • Time for redemption fund funds to arrive:

redemption time

Order confirmation time

Redemption funds arrival time

Monday 11:00 to Tuesday 11:00

Wednesday

Thursday

Tuesday 11:00 to Wednesday 11:00

Thursday

Friday

Wednesday 11:00 to Thursday 11:00

Friday

Next Monday

Thursday 11:00 to Friday 11:00

Next Monday

Next Tuesday

Friday 11:00 to next Monday 11:00

Next Tuesday

Next Wednesday

Are there positions in Tiger Vault that can be used for systematically forced liquidation?

Yes. When the insufficient margin in your securities account triggers system leveling, if you have enabled Auto-Sweep, your Tiger Vault positions will be recorded as cash assets to be leveled first;

The system will automatically close the positions in your securities account to increase the account margin first, and if the margin is still insufficient, it will close your Tiger Vault positions. To avoid this, please be careful to maintain a sufficient margin in your account.

Will I incur any margin interest when using Tiger Vault as buying power?

No margin interest will be charged when using Tiger Vault positions as buying power to invest in stocks, funds or futures. However, when an exercise of a client's option occurs, if the amount of available cash funds in the client's Tiger account is insufficient, the operation of exercising the option through financing may trigger a margin interest charge.

Risk warning: When you use Auto-sweep to trade other investment products resulting in the MMF redemption amount greater than the MMF redemption gate, it may cause your MMF redemption to take longer to arrive and incur some financial interest.

How to withdraw funds from the positions in Tiger Vault?

You will need to first redeem your Money Market Funds holdings under Tiger Vault at your portfolio. Once the order is settled and cash returns to your account, you can then withdraw the cash from your account as per usual.

How about futures?

Tiger Vault's position as buying power does not support investing in futures for now.

Can Tiger Vault USD money market funds be used for SGD trading after I open Auto-Sweep?

Not for cash accounts, but for margin accounts. Margin accounts users using the buying power of the Tiger Vault USD money market Fund for SGD trading need to manually exchange currency after the USD money market fund redemptions arrive to ensure sufficient cash in SGD to avoid incurring financial interest.

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