Bonds

 

 

Bonds Trading Conditions

Commissions for offline Trading

Offline traded bonds are traded on the following commissions:

​Commission ​Minimum Commission
​0.08% ​EUR 80

 

For a full list of Bond instruments available for trading with Saxo Bank please refer to the list displayed in the "Trading Conditions" section in the trading platforms.

Minimum Trade Size

The minimum trade size for bonds accepted by Saxo Bank is EUR 50,000.

Custody Fee

For Bond positions an annual custody fee apply.

​Currency of Bond ​Annual Custody Fee
EUR​ ​0.030%
​USD ​0.035%
​GBP ​0.025%
​NOK ​0.025%
​DKK ​0.025%
​CZK ​0.25%
​Other Currencies ​0.045%

 

The custody fee is charged quarterly (using the closing price on the last trading day of each quarter), or on exit from the Bond position where the client will be subject to the fraction of the quarterly fee for which they have held the Bond.

Using Bonds as Margin Collateral

Saxo Bank allows collateral invested in Bonds to be used for margin trading activities (Forex, CFDs, Futures and Contract Options trading). The percentage of the collateral that can be used for margin trading depends on the rating of the bond:


​Definition ​Margin Collateral
​Highest Rating ​95%
​Very High Quality ​90%
​High Quality ​80%

Lower rated bonds are not accepted as collateral for margin trading. If you are unsure what collateral value a Bond has, send an email fixedincome@saxobank.com or contact your Account Manager.

Coupon Payments

Coupon payments from bond positions will be credited to client’s accounts, less any applicable withholding taxes.

Updated 14th June, 2012