Due to the recent turmoil in the financial markets, Saxo Bank A/S has decided to use the right to increase margin requirements (General Business Terms section 8.2) on CFDs of companies residing in the financial sector to 50% . This change has been made in order to protect our clients against increasing risks in the financial sector.
Saxo Bank A/S will commence re-rating these CFDs on a rolling basis over the next 24 hours.
17 March 2008
• European traded instruments starting at 15:30 CET
• US traded instruments starting at 16:30 CET
18 March 2008
• Asia Pacific traded instruments starting at 03:00 CET.
These margin requirements will be automatically adjusted to your margin profile.
Note : Saxo Bank reserves the right to change the margins again in the case of extreme volatility and instability in the market. Collateral values are likely to be adjusted which will be announced separately .
Due to the recent turmoil in the financial markets, Saxo Bank A/S has decided to use the right to increase margin requirements (General Business Terms section 8.2) on CFDs of companies residing in the financial sector to 50% . This change has been made in order to protect our clients against increasing risks in the financial sector.
Saxo Bank A/S will commence re-rating these CFDs on a rolling basis over the next 24 hours.
17 March 2008
• European traded instruments starting at 15:30 CET
• US traded instruments starting at 16:30 CET
18 March 2008
• Asia Pacific traded instruments starting at 03:00 CET.
These margin requirements will be automatically adjusted to your margin profile.
Note : Saxo Bank reserves the right to change the margins again in the case of extreme volatility and instability in the market. Collateral values are likely to be adjusted which will be announced separately .