Standard Settlement Instructions for Saxo Capital Markets

Please find below details of our Standard Settlement Instructions for making payments to Saxo Capital Markets Pte. Ltd. (SCMPL) towards our Client Trust accounts held with HSBC in Singapore, New Zealand and Hong Kong.

Please be aware that we cannot accept funds before the Due Diligence has been completed and you have received your account details. Any funds received before this has occurred will be returned to your sending account, less bank charges (if any).

SCMPL does not accept incoming funds from any third party.
SCMPL will only accept funds originating from a bank account held in the exact same name as registered with SCMPL.
This rule applies to both individual account holders as well as corporate accounts.
Funds received from any third party accounts will be rejected and returned less bank charges to the originator and expect to wait for 5 to 10 working days or more for the originator to receive the returned funds, depending on the banks involved.

SCMPL does not accept Bankers Drafts, Cash Deposits and Remittances from Exchange Houses/Money Changers.
Funds received from the above mode of payments will be rejected and returned less bank charges (if any).

***Please instruct your bank to include your Saxo Client ID and Saxo Trading Account Number in the transaction***

PLEASE NOTE:
Before you fund your trading account opened with SCMPL, please make sure that you have an existing bank account under the exact same name as per your account with SCMPL as SCMPL does not facilitate withdrawals to third party accounts.
You can only withdraw funds from your trading account to a bank account held under your name. This rule applies to both individual account holders as well as corporate accounts.

HSBC Personal Internet Banking
Please refer steps stated below for transfers using HSBC Personal Internet Banking Service.

1. On the field “Transfer to”, select “Transfer to another bank worldwide” from the dropdown list.
2. On the field “Country/territory”, select “Singapore” from the dropdown list.
3. On the field “Bank and branch name”, scroll all the way down to the end and select “Others” from the dropdown list and then manually key in the Bank name and the Bank address. Please DO NOT select “HSBC PRIVATE BANK (SUISSE) SA.”
4. Manually key in all the other mandatory information as stated in our SSI above on the relevant boxes provided.
5. Please indicate on “Bank to Bank Information” your Saxo Client ID &/or specific Saxo Trading Account Number (if you have more than one trading account).

SGD and USD Local Clearing Cheques
Please refer to the requirements outlined below if you choose to fund your Saxo Trading Account via cheques.

• SCMPL currently only accepts SGD and USD LOCAL clearing cheques from clients residing in Singapore.
• Cheque is to be made payable to “Saxo Capital Markets Pte. Ltd.” This name has to be written clearly in FULL.
• The exact same name as per your account with SCMPL must be printed on the cheque. If not, proof of account holder name which matches the account number on the cheque must be provided as third party cheque is not accepted.
• Your Saxo Client ID & specific Saxo Trading Account Number (if you have more than one trading account) must be written on the reverse side of your cheque.

The cheque must be mailed out or handed to our reception at our office at address stated below:
(NOTE: Please DO NOT attempt to deposit any cheques directly at any HSBC Branches)

Saxo Capital Markets Pte. Ltd.
3 Church Street
#30-00 Samsung Hub
Singapore 049483
Attn: Cash Management

Please note:
Funds via cheque payments will only be booked to your trading account once the cheque has been cleared and funds are made available.
Margin stop-outs cannot be postponed based on funds that have been debited from your account with your bank until the cheque is cleared and funds are made available and booked into your trading account.

Bank Details with HSBC New Zealand:
HSBC New Zealand Address: HSBC House Level 9, No 1 Queen Street, Auckland, New Zealand

Bank Details with HSBC Hong Kong:
HSBC Hong Kong Address: Head Office GPO Box 64, 1 Queen’s Road Central, Hong Kong

Currency Conversions:
Currency conversion at SCMPL (if any) that involves conversions of funds transferred to and from your trading account with SCMPL will be done using the current spot rate plus/minus 0.5% when the amount is credited or debited from your trading account.

Remittance Charges
SCMPL can and will only credit your account with the actual monies received on your behalf.
Remittance charges should be fully covered by the sender.
Rejected funds due to remittance received before the Due Diligence has been completed and you have received your account details or remittance received from Exchange Houses/Money Changers or any third party (including family members) will be returned to the sender less bank charges (if any).

Cash Management Singapore Team
Email: cashmanagement@saxomarkets.com.sg