Protection of retail client funds
Saxo Bank is a member of the Danish Guarantee Fund for Depositors and Investors.
In the event that a Danish bank (including Saxo Bank) should suspend its payments or go into bankruptcy, client
deposits are guaranteed by the Fund with up to EUR 100,000 for cash deposits. Cash deposits are calculated as the
net free deposit after deduction of any debt to the bank.
As a general rule, securities will not be affected by the suspension of payment or compulsory winding-up and will
be returned to the client. In the event that a Danish bank (including Saxo Bank) is unable to return securities
held in safe-custody, administered or managed, the Guarantee Fund will cover with up to EUR 20,000 per client.
The Guarantee Fund for Depositors and Investors
For further information on the Guarantee Fund and the coverage as well as an updated list of the Guarantee Fund
Members, please click here.
Protection of Institutional client funds
Protection of cash in case of Saxo Bank’s Default:
Institutional clients are, due to their status as licensed financial institutions, not covered for cash in case of
Saxo Bank’s default. Cash in this regard includes the netted value of derivative positions.
Protection of securities in case of Saxo Bank’s Default:
All securities held with Saxo Bank will be returned to the White Label Client if they are retrievable from Saxo
That the securities are retrievable is ensured by the requirement of section 72 of the Danish Act on Financial
Services, which imposes on Danish banks to ensure that, the client’s rights to their securities are at all times
protected, also in case of a default.