Terms and Conditions for the Auto-invest Plan

Terms and Conditions for the Auto-invest Plan

1. These terms and conditions for the Auto-invest Plan govern the provision of the Auto-invest Plan service (the “Auto-invest”) by Tiger Fintech (NZ) Limited (hereinafter referred to as “we” or “us”). These Auto-invest terms supplement, and should be read together with, the Client Service Agreement and any other terms and conditions (including the FAQ regarding the Auto-invest which may be found on our website) regarding the services provided by us, as they may be amended from time to time. In the event of any conflicts between the Client Service Agreement and these Auto-invest terms, the latter shall prevail. Unless otherwise specified, all capitalized terms used in these Auto-invest terms shall have the same meanings given to them in the Client Service Agreement.

2. You must open or designate an account for the purpose of settling payments in relation to the Auto-invest before setting up an Auto-invest Plan.

3. The gross periodic investment for the Auto-invest Plan (the “Contribution”) will be debited from your account opened or designated according to clause 2 above at such date(s) and frequency as determined by your Auto-invest Plan (the “Specified Time”). Subject to these Auto-invest terms, we will execute your Auto-invest Instructions by purchasing the relevant stocks/ETFs at the Specified Time. Notwithstanding the foregoing, we have the right to amend the Specified Time from time to time without prior notice to you. If the Specified Time is not on a Trading Day, the corresponding Instruction will be executed on the next Trading Day and the Contribution will be debited upon the completion of execution.

4. You shall ensure that there are sufficient available funds of the relevant currencies in your account to pay the Contribution at the Specified Time. If you have agreed to use margin financing in your Auto-invest Plan, charges and interests may be incurred if the cash balance of the relevant currencies in your account is insufficient to cover the Contribution.

5. You may give us an Instruction to amend, suspend and/or terminate your Contribution before certain deadline decided by us subject to change from time to time. Please be aware that we may not be able to implement such instructions immediately upon receipt and this may result in such instructions being given effect at the next Specified Time.

6. Subject to any Applicable Regulations, we may, without notice to you, aggregate your orders/Contributions with those of our own, or with those of persons connected with us, or with those of our other clients. Such aggregation may on some occasions operate to your disadvantage and on other occasions to your advantage. The executed price of Auto-Invest Plan shown in your statement may be the average price after the aggregation of orders instead of actual executed price in the market.

7. Your Auto-invest Plan and each Contribution are subject to any fees or charges that we may impose from time to time.

8. The stocks/ETFs eligible for investment under the Auto-invest Plan are subject to change and shall be determined by us at our absolute discretion from time to time.

9. Without prejudice to any other clauses, we may not be able to execute your Instructions (or any part of them) in respect of the Auto-invest Plan at a Specified Time (or at all) due to reasons including but not limited to: there being insufficient funds in your account or the funds do not meet the order's requirements or the auto-invest order may cause your account to trigger a margin call; there being trading restrictions on your account; the relevant stock/ETF having poor liquidity; the relevant stock/ETF ceasing to be publicly traded or being suspended for trading; closure or suspension of the relevant Exchange(s); inclement weather; under emergency situations; or otherwise, and we shall not be liable for any losses or any other consequences incurred thereof.

10. Notwithstanding anything to the contrary, we reserve the right to, at any time, without any notice or reason:

(a) impose or amend any maximum or minimum limit of each Contribution;

(b) refuse to execute any Instruction under the Auto-invest Plan;

(d) suspend or terminate, temporarily or permanently, your Auto-invest Plan.