Saxo Bank Enables Mutual Fund Collateral Offering

Only stocks and bonds could previously be used as margin collateral. Clients having positions in this product may now construct collateral profiles to include mutual funds, allowing them to be used as margin collateral for derivative positions as well.

This is already set up if you wish to apply Saxo's own collateral profile to your customers. Please inform your Account Manager if you add mutual fund collateral values to your own collateral profiles.

It is worth noting that Saxo has resumed the sale of FX Options contracts with maturities of up to one year for the following instruments: CAD/CHF, CHF/JPY, CHF/NOK, EUR/CHF, GBP/CHF, and USD/CHF.

Due to negative CHF rates, the offering was originally restricted to 180 days, however, this constraint has been lifted with the recent rate rises.

Saxo Bank has also eliminated minimum price steps for foreign exchange orders.

About Saxo Bank

Saxo Capital Markets caters to experienced traders. It provides a wide range of brokerage services to skilled active traders, investors, professionals, and institutions. Smaller account holders will face a number of peculiar challenges, including higher account minimums, a variety of fees, and fewer alternatives for customer service. Tiered accounts reduce trading expenses and offer perks as equity rises, but the bulk of retail traders will struggle to reach the highest customer levels, which begin at £200,000 (Platinum) and £1,000,000 for UK-based accounts, respectively (VIP).

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