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Bond Trading Conditions

 

Execution policy

Please find our Order Execution Policy here.

Trading hours

The trading hours for online bonds trading are as follows:

Australia and New Zealand09:00 – 17:00Tokyo hours
Asia09:00 – 18:00Tokyo hours
Central Eastern Europe08:00 – 17:00London hours
Middle East and Africa08:00 – 17:00London hours
European market (corporate and government)08:00 – 17:00London hours
US market (government)22:00 – 16:00New York hours
US market (corporate)09:00 – 16:00New York hours
Latin America09:00 – 16:00New York hours

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.

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.

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.

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.

For any questions related to pending or past corporate action events on bond positions please contact your local account executive or corporateactions@saxobank.com

Saxo Markets
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

United Kingdom

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All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

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