Commissions for off-line trading
Offline traded bonds are traded on the following commissions:
| Commission |
Minimum Commission |
|
|
|
|
| Retail |
0.08% |
Retail |
EUR 80 |
For a full list of Bond instruments available for trading with Saxo Capital Markets please refer to the list displayed in the "Trading Conditions" section on the Saxo trading platforms.
Minimum trade size
The minimum trade size for bonds accepted by Saxo Capital Markets is EUR 50,000.
Custody fees
An annual custody fee of:
| Bond currency |
Annual Fee |
|
|
| EUR |
0.030% |
| USD |
0.035% |
| GBP |
0.025% |
| NOK |
0.025% |
| DKK |
0.025% |
| CZK |
0.25% |
| Other Currencies |
0.045% |
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.
Bond margin collateral
Saxo Capital Markets allows collateral invested in Bonds to be used for margin trading activities (Forex, CFDs and Futures 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 clients are unsure what collateral value a Bond has, they can ask their account executive to contact Risk Management.
Coupon payments
Coupon payments from bond positions will be credited to the client’s account, less any applicable withholding taxes.