What is Tiger Vault?
Tiger Vault is a cash management solution offered by Tiger Brokers (Singapore) Pte. Ltd., which provides clients with access to a selection of Money Market Funds ("MMFs").
MMFs typically invest in high-quality, short-term instruments such as government securities and bank deposits. They are designed to prioritise capital preservation, liquidity, and stability. However, returns are not guaranteed, and the value of investments may fluctuate.
Tiger Vault itself is not an investment product. It is a platform through which clients may subscribe to MMFs managed by external, third-party fund managers. Balances within Tiger Vault represent holdings in the underlying MMFs and are not cash deposits. Such holdings are subject to market fluctuations and redemption timing, and are not immediately available as cash.
Tiger Vault currently supports T+0 USD and SGD-denominated MMFs.
Clients may choose to activate the Auto-Sweep feature, which automatically invests idle cash into MMFs. Clients who enable Auto-Sweep can have their Tiger Vault balances recognised as available buying power for investing in stocks, options, and IPOs, subject to redemption timing and applicable conditions.
Important Notice:
Fund redemptions are subject to the respective fund’s cut-off times, redemption limits and settlement cycles. Any funding gap resulting from the timing difference between the trade settlement and the receipt of MMF redemption proceeds may incur additional financing fees or interest charges. Please refer to the pricing page for other applicable fees.
Key Tiger Vault Features
High Liquidity (T+0 Settlement)
MMFs offered through Tiger Vault provide high liquidity through T+0 settlement. For subscriptions made on a trading day (T day), units are typically confirmed on the same day and can be redeemed once confirmed. Similarly, redemption requests submitted on T day are generally processed on the same day, with cash made available accordingly.
T-day refers to a trading day.
Important Notice:
Low Minimum Investment
The minimum subscription amount starts from USD 1 / SGD 1.
Cost Structure
Tiger Brokers does not charge any subscription or redemption fees for MMFs offered through Tiger Vault.
The underlying MMFs charge a management fee, which is reflected in the fund’s net asset value (NAV). This fee is accrued within the fund and is not charged separately to clients.
Auto-Sweep (Optional Add-on)
Tiger Vault Auto-sweep is a service that automatically manages your idle funds. When auto-sweep is enabled, idle cash will be automatically subscribed into the client's selected MMF daily, without the need for manual action.
Clients who enable Auto-Sweep may have their Tiger Vault balances recognised as available buying power^ for:
Important Notice:
^ Fund redemptions are subject to the respective fund’s cut-off times, redemption limits and settlement cycles. Any funding gap resulting from the timing difference between the trade settlement and the receipt of MMF redemption proceeds may incur additional financing fees or interest charges. Please refer to the pricing page for other applicable fees.
Up to 99% of your Tiger Vault balance can be used as available buying p
ower, with a buffer maintained to cater for NAV fluctuations and foreign exchange rate fluctuations (if applicable).
Cross-currency usage may be applicable depending on clients' account type.
Margin accounts: Margin accounts support cross-currency usage, allowing SGD holdings in Tiger Vault to be used for USD trades (and vice versa). However, you will need to convert funds into trading currency to offset any negative balance. Interest charges may apply if the conversion occurs before redemption is fully settled. Cross-currency financing is not supported for monetary or fixed investment funds.
Cash accounts: Cross-currency usage is not supported. You may only trade using funds in the same currency as the trade. Please ensure sufficient balance in the respective currency before placing a trade.
Tiger Vault Transaction Rules
The cut-off time for subscription and redemption orders each trading day is on each fund's details page within the App. [App > Select a fund > Fund Details > Trade > Trading Rules ]
Time to calculate T+0 fund returns
Time for redemption T+0 fund funds to arrive
All times referenced above are in Singapore Time (SGT, GMT +8). Transactions submitted after the cut-off time, or on securities market holidays or half-days, may be delayed and processed on the next eligible trading day.
Automatic Redemption
Automatic redemption of MMF holdings within Tiger Vault may be triggered when there are insufficient funds in a client’s account to meet trading, settlement, or margin requirements.
Cash and Settlement Requirements
Automatic redemption may occur in the following situations:
- Available Cash Requirement
If the available cash balance (excluding short collateral) in a given currency becomes negative, indicating insufficient funds to support transactions.
- Settlement Requirement
If your settled cash balance in a given currency is insufficient to meet settlement obligations (e.g. trade settlement, fees, or other charges).
Where either condition is met, the system will automatically redeem part or all of the client’s Money Market Fund holdings within Tiger Vault in the relevant currency to cover the shortfall.
Margin-Triggered Liquidation
MMF holdings within Tiger Vault may also be utilised where there is a margin shortfall in a client’s securities account.
If the account falls below the required margin levels:
The system will first liquidate securities positions to restore the margin requirement
If the margin shortfall persists, MMF holdings within Tiger Vault may then be partially or fully redeemed to meet the remaining requirements.
Clients are advised to maintain sufficient margin in their accounts to avoid forced liquidation of assets.
Outstanding Orders Handling
If there are any pending subscription orders within Tiger Vault in the same currency prior to an automatic redemption:
Timing Considerations
Frequently Asked Questions
Q: Are my funds secure?
Yes. Tiger Brokers (Singapore) Pte. Ltd. is licensed and regulated by the Monetary Authority of Singapore ("MAS"). All client funds and assets held with Tiger Brokers are kept in fully segregated accounts, entirely separate from Tiger Brokers' own corporate assets.
Clients should note that MMFs offered through Tiger Vault are manufactured and managed by external, third-party fund managers. Once subscribed, the invested amounts are held by the respective fund and are subject to:
• the terms and conditions of the respective fund;
• the operational processes and cut-off times of the fund manager; and
• investment risks, including the risk of capital loss and delays in redemption.
Returns are not guaranteed, and the value of investments may fluctuate.
Q: Is the Tiger Vault projected returns guaranteed?
No. Tiger Vault provides access to MMFs, which hold instruments such as government bills and fixed bank deposits, and aim to achieve liquidity and stability. As with all investments, returns are not guaranteed and the value of investments may fluctuate. Investment in financial products carries the inherent risk of loss. Please refer to the risk disclosure statement for an informed assessment of the risks and uncertainties associated with Unit Trusts.
Q: Can I choose which money market funds to invest in?
Yes. When activating Tiger Vault, you may browse all available funds and subscribe to specific ones based on your preference.
For Auto-Sweep, you can set a default fund for each currency. You may change your fund selection at any time.
Q: Who can use Tiger Vault?
Customers with idle cash who are seeking investment products that offer liquidity and stability. Clients should ensure that any fund subscribed to through Tiger Vault is aligned with their investment objectives and risk tolerance.
Q: Is Tiger Vault Liquid?
Yes. Tiger Vault offers clients a range of T+0 MMFs, each designed to be highly liquid. Subscriptions placed on a trading day ("T day") are typically confirmed on T day, after which the units can be redeemed. Redemption requests submitted on T day will generally have cash made available on T day, subject to the respective fund's cut-off times. Please refer to the fund details page within the App for the applicable subscription and redemption cut-off timings.
Q: Can I use Tiger Vault funds for trading?
Yes. Customers who enable Auto-Sweep can automatically utilise their Tiger Vault balances as available buying power for investing in stocks, options, and IPOs. There is no need to manually redeem the funds in advance.
Please note that the redemption process is not instantaneous and is subject to the respective fund's cut-off times and settlement cycles. If your account falls into a shortfall during the settlement period as a result of redemption timing, financing charges or other fees may apply. Please refer to the pricing page for all applicable fees.
Q: Can I use 100% of my Tiger Vault balance to pay for my investments?
No. Up to 99% of your Tiger Vault balance may be recognised as available buying power. A buffer is maintained to account for NAV fluctuations and, where applicable, foreign exchange rate fluctuations.
Q: Will I incur any interest charges when using Tiger Vault balances as buying power?
No interest will be charged simply for using Tiger Vault balances as buying power to invest in stocks or funds. However, financing charges (interest) may be incurred where MMF redemption proceeds do not arrive in time to meet the settlement obligation. This may apply to both cash and margin accounts. Scenarios where such charges may arise are outlined below:
Fund Processing Delays
Auto-redemption from the money market fund may be delayed due to operational factors, including:
Public holidays (local or overseas);
Market or fund holidays;
Fund-level restrictions (e.g. Fund redemption gates); and
Other processing delays by the fund manager/house.
If redemption is delayed, funds may not be available in time to settle your trades, which could result in financing charges.
Options Assignment or Exercise
Option assignment or exercise (including expiry) may result in financing charges if there is insufficient available cash in the account at the time the obligation arises.
This may happen where:
the available cash balance is insufficient; or
the assignment or exercise occurs after the applicable Tiger Vault auto-redemption timing, such that funds cannot be redeemed in time to cover the obligation.
In such cases, financing interest may be charged on the shortfall.
Currency Mismatch
If your liability and Tiger Vault holdings are in different currencies (e.g. USD liability vs SGD holdings in Tiger Vault):
Auto-redemption and FX conversion will not be triggered automatically
Manual redemption (and conversion, if applicable) is required
If the liability remains outstanding, financing charges may apply.
Non-Applicable Product Types
MMF holdings in Tiger Vault are recognised as buying power for securities only.
If liabilities arise in unsupported products (e.g. futures):
Please refer to our pricing page website for all applicable fees.
Q: Is cross currency trading allowed if I have SGD in Tiger Vault and placed a trade for a USD investment?
It depends on your account type:
Margin account: Cross-currency usage is supported. SGD holdings in Tiger Vault may be used to purchase USD-denominated securities (and vice versa). However, clients will need to convert the settled amount into the trading currency to offset any negative balance. Interest charges may apply if the currency conversion occurs before redemption is fully settled. In addition, SGD holdings in Tiger Vault may only be used to purchase non-money-market and non-fixed-investment funds denominated in USD, as cross-currency financing is not supported for money market funds or fixed investment funds.
Cash account: Cross-currency usage is not supported. Clients may only use funds in the same currency as the trade (e.g. SGD for SGD trades, USD for USD trades). Please ensure sufficient balance in the respective currency before placing a trade.
Q: Are there any fees to use Tiger Vault?
Tiger Brokers does not charge any subscription, redemption, or platform fees for Tiger Vault. The respective money market funds have their own mangement fees which are already factored into the projected returns displayed.
Q: What is Auto-Sweep and how can I make full use of Tiger Vault?
By default, the Auto-Sweep feature is disabled. Once activated by the client, any idle cash in the Prime account will be automatically subscribed daily into the client's selected T+0 USD or SGD MMF, allowing unused funds to generate potential returns.
Q: Can I pause Auto-Sweep?
Yes. Customers may choose to temporarily pause Auto-Sweep for 3, 7, or 10 days, or pause it indefinitely, and resume at any time.
Q: How to activate/pause/resume Auto-Sweep?
To activate/pause/resume Auto-Sweep, please go to your Tiger Trade App > Profile > Vault > Auto-Sweep > Manage.
Q: What happens if Auto-Sweep is paused?
Once Auto-Sweep is paused, any uninvested cash will remain in the Prime account and will not be used to subscribe to MMFs. In the event of a manual redemption of funds, Auto-Sweep will also be automatically suspended for 3 business days to allow sufficient time for cash withdrawal.
Q: How many funds can I pick for Auto-Sweep？
Clients may select one fund per currency for automatic subscription and redemption. The selected fund may be changed at any time via the Auto-Sweep main page in the Tiger Trade App.
Q: How to withdraw cash from positions in Tiger Vault?
Clients will first need to redeem their MMF holdings within Tiger Vault. Once the redemption order is settled and the cash is returned to the account, clients may withdraw the cash from the account as per usual.
Q: Can Tiger Vault positions be used to buy futures?
No. MMF holdings within Tiger Vault are not currently eligible to be used as buying power for futures trading.