Reduced Margin for FX Trading

REDUCED FX MARGIN REQUIREMENTS FOR MAJOR CURRENCY CROSSES

From 12:00 CET on Monday, 27 April 2009, Saxo Bank’s FX margin requirements for certain major currency pairs have been reduced to approximately 0.5% for the first EUR 50,000 of investment collateral, and to approximately 1% above a EUR 50,000 deposit.

The reduction applies to the 10 currency pairs that include two of the following currencies EUR, USD, GBP, JPY and CHF (i.e. major currency pairs).

For FX Spot and Forward positions Saxo Bank clients can obtain approximately 200:1 leverage on the first EUR 50,000. For FX Options only the delta margin is reduced on the first EUR 50,000. Follow this link for information about the margin requirements for FX Options.

In effect, this means FX margin requirements have been reduced by approximately 50% from their previous level for exposure in EUR, USD, GBP, JPY, and CHF. For these 10 major currency pairs, Saxo Bank previously required 1% margin for the first EUR 50,000 in the client’s account, and 2% above a EUR 50,000 deposit.