12 December 2025
Functional Overview
The End-of-Day Auto FX Conversion and Loan Repayment feature (“EOD FX” or “the Feature”) is available exclusively to clients holding margin accounts with Tiger Brokers Australia Pty Limited (“TBAU”).
This feature operates pursuant to a client’s standing instruction, which authorises TBAU, at its discretion, to convert any available cash balance denominated in one or more currencies held in the margin account into the currency of any outstanding balances arising from margin trading or other trading activities, following the close of each trading day in relevant markets. The converted funds are applied to repay the outstanding loan balance, thereby reducing the interest accrued and payable.
Without this Feature, if a client purchases a marginable product denominated in a currency for which the client does not maintain a sufficient cash balance (e.g. USD), the transaction will be treated as a purchase on margin in that currency. Cash balances held in other currencies (e.g. AUD) will serve solely as collateral to satisfy margin requirements, but will not be automatically converted to reduce the outstanding loan and interest obligations. Unless the client initiates a manual FX conversion or applies any settled sales proceeds in the relevant loan currency to reduce the loan balance, the interest will continue to accrue on the outstanding balances until repayment occurs.
By activating EOD FX, TBAU will assess the availability of all cash balances in the margin account against the outstanding loan balances after the close of each trading day. Where applicable, TBAU will convert available balances in other currencies into the loan currency and apply the proceeds towards the loan.
Key Features and Characteristics
1. Automated Repayment: Prior to the daily interest accrual, the system automatically identifies available funds across currencies and executes FX conversions, if required, to repay outstanding loan balances. All FX transactions executed under this Feature will be visible in the client’s transaction history.
2. Repayment Priority: Where multiple outstanding balances exist across currencies, repayments will be made in accordance with the sequence of conversation execution below, which is determined solely by TBAU.
3. Execution Timing: EOD FX conversions occur at predetermined times prior to the interest accrual. Interest is generally accrued at 2:00 p.m. AEST / 3:00 p.m. AEDT on the next day(T+1).
Indicative conversion execution windows vary by currency, as outlined below.
￮ AUD
• Monday-Friday: 11:00 p.m. AEST(same day) / 00:00 a.m. AEDT (next day)
￮ USD
• Monday–Thursday: next day 10:00 a.m. to 12:00 p.m. AEST/AEDT ( subject to US/AU daylight saving changes)
• Friday: next day 6:45 a.m. AEST / 7:45 a.m. AEDT
￮ HKD
• Monday-Friday: next day 00:30 a.m. AEST / 1:30 a.m. AEDT
￮ CNH
• Monday-Friday: next day 1:30 a.m. AEST / 2:30 a.m. AEDT
￮ SGD
• Monday-Friday: next day 1:00 a.m. AEST / 2:00 a.m. AEDT
The timings of interest accrual and EOD FX conversion are indicative only and are subject to change by TBAU at its discretion from time to time without prior notice.
4. Currency Selection Logic: Where cash balances in multiple currencies are available, the system will first apply the AUD balance for conversion and repayment. If the AUD cash balance is insufficient to fully cover the outstanding amount, the system will assess and calculate the purchasing power of other available currency balances based on the end-of-day real-time exchange rates. The system will prioritise currencies in descending order of purchasing power and convert them, either individually or in combination, to complete the repayment.
5. Eligible Accounts: The Feature is available solely in respect of outstanding balances within margin accounts.
6. Supported Currencies: All currencies available in margin accounts are eligible for conversion under this Feature.
7. Eligible Cash Balances: Only settled cash balances are eligible. Unsettled cash balances, such as unsettled sales proceeds, are not eligible and will not be converted and applied toward the loan repayment.
8. FX Settlement: Conversions are settled on a T+0 basis.
9. Applicable Fees: Standard FX fees apply. No additional fees are charged for the use of this Feature. For details of standard FX fees, please refer to the Financial Services Guide and Pricing page available on TBAU’s website.
10. Zero Currency Exchange Fees Card (if applicable): If you hold a zero currency exchange fees card, it will be automatically applied when using the OneClick function to convert currencies.
11. Activation and Deactivation:
This Feature is enabled upon the opening of the margin account. Clients may manually disable or re-enable the Feature via the Tiger Trade app under: Portfolio → FX Conversion → Auto FX Conversion Settings.
Important Information and Client Acknowledgement
By enabling and using the EOD Convert and Repay Feature, you acknowledge and agree to the following:
• Standing Authority: You hereby authorise and provide standing instructions to Tiger Brokers Australia Pty Limited to convert, at its sole discretion, any available cash balance denominated in a currency other than the currency of your outstanding balances into the loan currency, for the purpose of repaying such loan balance and reducing interest payable.
• Validity of Authority: This authority remains in full force and effect unless and until revoked by you through manual deactivation of the Feature within the Tiger Trade app.
• You confirm that you have read and understood the Terms and Conditions set out herein, together with all relevant disclosure documents, including but not limited to Spot FX PDS, TMD, FAQs and other applicable disclosures and T&Cs.
• TBAU does not guarantee the execution of FX conversions under this Feature. Execution may be delayed, rejected, cancelled or otherwise impacted by market conditions, system availability, or other factors beyond TBAU’s control.
• To the maximum extent permitted by law, TBAU shall not be liable for any loss, cost, damage, or expense (whether direct, indirect, financial, or non-financial) suffered or incurred by you arising out of or in connection with the use of this Feature, including but not limited to delays or failures in execution, partial or missed conversions, exchange rate movements and/or interest costs resulting from non-execution or delayed execution. Clients shall understand and bear the risks associated with using this Feature.