28 November 2016
Monthly Notification, Saxo Bank
In September 2016, Saxo introduced a new simplified equity rating model, which rates equities from 1 (low risk) to 5 (high risk) and sets the margin require...
In September 2016, Saxo introduced a new simplified equity rating model, which rates equities from 1 (low risk) to 5 (high risk) and sets the margin required for trading CFDs.
Now, the Net Free Equity (NFE) margin required for the calculation of interest is also being updated to follow the same principles. At the same time, a simplification across all Expiring CFDs (Commodity CFDs, Forex CFDs, Bond CFDs and Expiring Index CFDs) is being introduced.
The following NFE margin rates will apply for Single Stock CFDs and Expiring CFDs as of 1 February, 2017:
Please note that the new NFE margins for Single Stocks are lower than the Trading Margin, while those for Expiring CFDs are, in general, significantly reduced from the current margin levels.
You can find the current and coming margin levels for Net Free Equity can be found under
Business Terms & Policies on under ‘Cash collateral for margin financing used for Net Free Equity calculation’.
The ratings for individual instruments can be found in the trading platforms:
Account > Trading Conditions > Instrument Lists
Account > Trading Conditions > Search for Instrument
To view the communication that Saxo will be sending later this week to its direct retail clients and IB end clients, please click