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Search for a specific bond by ISIN code or issuer name to see commissions and terms.
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Saxo Bank allows a percentage of the investment in certain bonds to be used as collateral for leveraged trading activities.
The collateral value of a bond position depends on the rating of the individual bond, as outlined below:
| Rating definition* | Collateral percentage |
|---|---|
| Highest Rating (AAA) | 95% |
| Very High Quality (AA) | 90% |
| High Quality (A) | 80% |
* as rated internally by Saxo Bank
Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to trade Futures, Options and other leveraged products.
Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).
Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).
You can review our trading conditions for bonds here.
Find more information about our general charges and fees here.
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