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Monthly Notification, Saxo Bank
28 August 2017

A collateral profile for stocks and bonds, separate to the margin profile

​​As part of our ongoing effort to improve our service, we are separating the configuration of stock and bond collateral factors from the current margin requ...

​​As part of our ongoing effort to improve our service, we are separating the configuration of stock and bond collateral factors from the current margin requirement profiles into a separate collateral profile. The new collateral profile will be effective from 2 October 2017 and will be configurable on a client level via SaxoTools and the CMS API (as the margin requirement profile is today).

To ensure a smooth transition for clients with custom margin requirement profiles, we will automatically assign a collateral profile to your clients that result in unchanged collateral terms unless instructed otherwise latest by 22 September 2017. Profiles will be assigned using the following principles

  1. If the collateral definition of the margin requirement profile matches Saxo Bank Default, the client will be assigned the Saxo Bank Default Collateral Profile. 
  2. If the collateral definition of the margin requirement profile do not offer any collateral, the client will be assigned a No Collateral Profile.
  3. In all other cases, a new collateral profile will be created with the same name and collateral as the current Margin Requirement Profile.

Note if your clients are assigned the Saxo Bank Default Collateral Profile, your clients collateral terms will automatically change when Saxo Bank deems it necessary to review collateral terms for our own direct clients going forward.

In addition to the Saxo Bank Default Collateral Profile, we will also be making a new profile ‘Saxo Bank EMIR Collateral Profile’ available on request. This profile is configured with the same collateral values as the Saxo Bank Default Profile but only for a subset of stocks that are deemed to be a member of a main index according to EMIR regulations.