Protection of Client Funds

Are my deposits protected under the deposit insurance esisuisse?

Deposit insurance protects the credit balances of private and corporate clients (except for regulated financial intermediaries according to art. 42c para. 2 Banking Ordinance) in the event of a bank or securities firm’s bankruptcy. This guarantee is regulated by law. The protection is limited to a maximum of CHF 100 000 per client and institution. Multiple accounts are added together. Esisuisse guarantees that it will cover protected deposits as part of the self-regulation of Swiss banks and securities firms. Deposits at Saxo Bank (Switzerland) Ltd. are covered by the deposit insurance scheme. Detailed information can be found at www.esisuisse.ch.

Are my securities protected in the insolvency of Saxo Bank (Switzerland) Ltd.?

Securities (i.e. standardised certificated and uncertificated securities, derivatives and intermediated securities, which are suitable for mass trading) do not form of the insolvency estate of the Bank and are officially segregated in full in advance in favor of the clients (art. 16, art. 37d BA and art. 17 FISA). Non-standardised derivatives contracts ("OTC derivatives") may not be segregated.