Trading Conditions

The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.

Online trading

Execution policy

Please find our Order Execution Policy here.

Trading hours

The trading hours for online bonds trading are as follows (all times in CET)

Australian bonds	02:00 – 09:00
Asian bonds	03:00 – 18:00
Central Eastern European bonds	09:00 – 18:00
Middle East and African bonds	09:00 – 18:00
European market bonds	09:00 – 18:00
US market bonds	12:00 – 23:00
Latin American bonds	12:00 – 23:00

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 will apply a minimum of nominal USD 10,000 or the equivalent when trading bonds in other currencies.

Saxo is not able to accept any orders below this minimum trading size.

Offline trading

Execution policy

Please find our Order 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 will apply a minimum of nominal USD 50,000 or the equivalent when trading bonds in other currencies.

Saxo is not able to accept any orders below this minimum trading size.

Transferring Bonds

Taxation on Bonds

Saxo 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 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 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

The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Please ensure you understand the risks.

Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

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Trading Conditions

Execution policy

Trading hours

Minimum trading size

Execution policy

Trading hours

Minimum trading sizes

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