Trading Conditions

Transferring Bonds

Read more about transferring bonds to your Saxo Bank account here.

Taxation on Bonds

Saxo Bank 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 Bank 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.

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  

Minimum Trade Size

The minimum trading size for each bond trade accepted by Saxo Bank is nominal EUR 50,000 or the equivalent in other currencies.

Updated 7 June, 2016

Product Risk

Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red.

Bonds are categorised as either green, yellow or red products depending on the individual instrument. For more information about the categorisation of the individual instrument and the level of risk involved, please see the 'Product Risk Categorisation' located under our General Business Terms.

General Business Terms

Disclaimer

For most bonds, in particular corporate bonds, bid and offer prices are not publically available and transparent, as the majority of trading takes place outside regulated marketplaces. Bonds are traded OTC with Saxo Bank as counterpart, and OTC trading conditions apply. Please see Saxo Bank's execution policy for further information.