Trading Conditions

Online Trading

​Trading hours

The trading hours for online bonds trading are as follows (all times in CET)

Australia

02:00 – 09:00

Asia

03:00 – 18:00

Central Eastern Europe

09:00 – 18:00

Middle East and Africa

09:00 – 18:00

European market

09:00 – 18:00

US market

12:00 – 23:00

Latin America

12:00 – 23​:00


Outside online trading hours bonds can be traded offline 24/5​

Minimum trading size

The minimum trading size for any bond trade can vary and depends on the individual terms of the bond.

For online traded bonds, unless the minimum trading size as defined by the terms of the bond is higher, Saxo will apply a minimum of nominal USD 10,000 or the equivalent when trading bonds in other currencies.

Saxo ​is not able to accept any orders below this minimum trading size.

Offline trading

​Trading hours

The trading hours for offline bonds trading is 24/5.

 

Minimum trading sizes

The minimum trading size for any bond trade can vary and depends on the individual terms of the bond.

For offline​ traded bonds, unless the minimum trading size as defined by the terms of the bond is higher, Saxo will apply a minimum of nominal USD 50,000 or the equivalent when trading bonds in other currencies.

Saxo ​is not able to accept any orders below this minimum trading size.

Transferring Bonds

Read more about transferring bonds to your Saxo account ​here

Taxation on Bonds

Saxo will not provide any advice on any tax issues related to any services.

Clients are advised to obtain individual independent counsel from a financial advisor, auditor or legal counsel with respect to tax implications of the respective services.

On an informal basis, we do provide tax relief at source for US products, subject to IRS documentation being in place and the country of residence of the client having a double taxation treaty in place with the US.

Coupons and redemptions

Coupon payments and bond redemptions, ordinary as well as extra ordinary, will be credited to the respective account with any applicable standard withholding taxes deducted.

Saxo cannot currently support or offer preferential withholding tax rates that may be available due to residency or legal status.

Please allow a few business days from the coupon or redemption settlement date to process the payment.

Coupon Payments​

Coupon payments from bond positions will be credited to the client’s account less withholding taxes (if any applicable). ​

Custody Fees

Read more about our custody fees for bonds on the general terms page, section about fees here​

Corporate Actions

For any questions related to pending or past corporate action events on bond positions please contact your local account executive or corporateactions@saxobank.com 

Updated 21 October, 201​6

The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.

 
Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.