Yield Coupon is a Reward Coupon issued by Tiger Brokers that can be used to obtain additional cash bonus upon successful subscription to a selected Fund. Once activated, the Coupon must be used within the indicated validity period and will automatically become invalid upon expiry.
To use the Coupon, clients simply need to place a Fund subscription order and choose a Yield Coupon via Fund Mall within the Coupon validity period. Please note that Coupons can only be applied for Fund subscriptions in TigerTrade APP version 8.0.3 and above.
The cash bonus calculation is accrued daily, and the cash bonus entitled from the Coupon will be issued to your Tiger Brokers account within 1 working day after the end of the bonus period stated (For example, if it is a 3-day Coupon, it will be credited within 1 working day after the 3-day period).
The formula used to calculate the daily accrued bonus entitlement is: (day end value of subscription amount for the specific coupon) * coupon annualized rate /365. If the day end value of subscription amount for the specific coupon + any existing positions – any redemption done during the day is less than your actual subscription amount, the applicable amount will be adjusted accordingly.