Bonds trading conditions
Execution policy
Please find our Best Execution policy here
Trading hours
The trading hours for online bonds trading are as follows:
| Australia and New Zealand | 09:00 – 17:00 | Tokyo hours |
| Asia | 09:00 – 18:00 | Tokyo hours |
| Central Eastern Europe | 08:00 – 17:00 | London hours |
| Middle East and Africa | 08:00 – 17:00 | London hours |
| European market (corporate and government) | 08:00 – 17:00 | London hours |
| US market (government) | 22:00 – 16:00 | New York hours |
| US market (corporate) | 09:00 – 16:00 | New York hours |
| Latin America | 09:00 – 16:00 | New York hours |
The trading hours for offline bonds trading is 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 Markets will apply a minimum of nominal USD 10,000 or the equivalent when trading bonds in other currencies.
Saxo Markets is not able to accept any orders below this minimum trading size.
Execution policy
Please find our Best Execution policy here.
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 Markets will apply a minimum of nominal USD 50,000 or the equivalent when trading bonds in other currencies.
Saxo Markets is not able to accept any orders below this minimum trading size.
Saxo Markets 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.
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 Markets 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.
For any questions related to pending or past corporate action events on bond positions please contact your relationship manager or corporateactions@saxobank.com
