Overview
The IBHK Money Market Sweep Program automatically invests your idle USD cash into professionally managed money market funds, allowing you to earn competitive returns while keeping your cash fully available for trading. Each business day, 90% of your free USD cash balance above USD 100,000 is swept into Money Market Funds. Your first $100,000 always remains as cash with IBHK, and you own the fund shares directly, meaning that all returns belong entirely to you.
Your swept balance remains accessible for trading at all times, and you may enroll or opt out at any time through Client Portal.
How It Works
- IBHK calculates your free USD cash balance daily and automatically sweeps the eligible portion into one or more participating Money Market Funds on your behalf.
- A balance threshold of USD 100,000 applies; the first USD 100,000 of your free cash balance remains in your IBHK account and is not swept.
- Up to 90% of your free cash balance above the USD 100,000 threshold is swept into the participating Money Market Funds.
- The sweep operates on a T+0 settlement basis; both subscriptions and redemptions are processed within the same business day.
- The Money Market Fund shares are owned by you, the client. The funds are shown as an investment position in your account statement and portfolio screen.
Example
| Free USD Cash Balance | Amount Remaining at IBHK | Amount Swept into MONEY MARKET FUND |
| USD 150,000 | USD 100,000 + USD 5,000 (10% buffer) | USD 45,000 (90% of excess USD 50,000) |
| USD 500,000 | USD 100,000 + USD 40,000 (10% buffer) | USD 360,000 (90% of excess USD 400,000) |