Trading Conditions

Online trading

Execution policy

Please find Saxo Group's 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 – 23:00 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) 08:00 – 16:00 New York hours
Latin America 08:00 – 16:00 New York hours

The trading hours for offline bonds trading are Monday-Friday 08:00-18:00.

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

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

Offline trading

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

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

Taxation on Bonds

Saxo Bank 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 Bank 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.

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

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