Forex Non Deliverable Forwards

NDFs offered by Saxo

NDFs can be traded forward up to 1 year (3 months for CNY). Net Open Position (NOP) Limits by currencies:

  • USD 50m – Brazilian Real, Chinese Renminbi, Indian Rupee, South Korean Won, New Taiwanese Dollar
  • USD 30m – Chilean Peso
  • USD 10m – Indonesian Rupiah, Columbian Peso
  • USD 5m – Philippine Peso

 

NDF Trading Conditions

Order Execution

This offering by Saxo Bank is by RFQ only. All execution is phone based with the applicable Saxo Trading Desk. Clients who are not assigned to a Private Account Manager or Sales Trader would not have access to this offering. Clients must sign a required addendum to Saxo’s General Business Terms (GBT) prior to undertaking this offer.

Forex Risk Warning

Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk.

Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For further information click here. 

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