Account Funding | Fast & Secure
Please find below details of our Standard Settlement Instructions for making payments to Saxo Capital Markets HK Limited (SCM HK) towards our Client Trust accounts held with HSBC Hong Kong.
SCM HK does not accept incoming funds from a third party.
SCM HK will only accept funds originating from a bank account held in the client's name.
SCM HK does not accept Bankers Drafts, any form of Cheques, Cash Deposits and Remittances from Exchange Houses/Money Changers.
Funds received from the above mode of payments will be rejected and returned less bank charges (if any).Any third party funding will be at the remitter's own risk as SCM HK cannot guarantee the receiving and returning of the funds. Funds from any third party accounts will be rejected and returned less bank charges to the originator.
Payable to : HSBC Hong Kong
SWIFT Code : HSBCHKHHHKH
In Favour Of : Saxo Capital Markets HK Ltd.
| Currency | Account Number | Reference | |
|---|---|---|---|
| For using counter services or ATM | For using online banking | ||
| HKD - Hong Kong Dollar | 808-772313-292 | Refer to Client specific HKD Virtual Account Number available on platform | Please specify your Saxo Client ID & specific Saxo Trading Account Number (if you have more than one account). Please use the right currency to fund your respective Virtual Account(s) to avoid any delay. |
| USD - US Dollar | 808-772313-274 | Refer to Client specific USD Virtual Account Number available on platform | |
| EUR - Euro | 848-067815-275 | Refer to Client specific EUR Virtual Account Number available on platform | |
| GBP - Pound Sterling | 848-162327-202 | Refer to Client specific GBP Virtual Account Number available on platform | |
| CAD - Canadian Dollar | 848-165916-204 | ||
| AUD - Australian Dollar | 848-165916-203 | ||
| SGD - Singapore Dollar | 848-165916-216 | ||
| JPY - Japanese Yen | 848-674727-278 | ||
| CNH - Chinese Yuan | 848-674727-285 | ||
| DKK - Danish Krone | 741-301386-211 | ||
For further information and guidance on the use of Virtual Accounts please refer to the guide here.
Currency Conversions:
If you transfer funds that are in a different currency than the currency of our HSBC account, your funds will be accepted and automatically converted to the appropriate currency by HSBC who will charge a non-refundable currency conversion fee. For example, if you send USD to our HKD account 808-772313-292 at HSBC, HSBC will convert your USD to HKD and credit our account.
If your funds are subsequently rejected by us (for example, for Third Party Funding or remittances from Exchange Houses/Money Changers), any currency conversion already carried out on your funds will not be reversed.
If you do not have a SCM account denominated in the same currency as our HSBC account that your funds have been transferred to, we will convert the funds to the appropriate currency when crediting your SCM account, and you will be charged a non-refundable currency conversion fee as described in our Commissions, Charges and Margin Schedule. For example, if you send HKD to our HKD account 808-772313-292 at HSBC, and you only have a USD-denominated SCM account, we will convert your HKD to USD and credit your SCM account.
Remittance Charges
- SCM HK can and will only credit your account with the actual monies received on your behalf.
- Remittance charges should be fully covered by the sender.
- Rejected funds due to Third Party origin and remittance received from Exchange Houses/Money Changers will be returned to the sender less bank charges.