For all bond positions an annual custody fee applies (charged as a percentage of the market value):
|Currency of Bond||Annual Custody Fee|
The custody fee is charged quarterly (using the closing price on the last trading day of each quarter), or on exit from/sell of the bond position where the client will be subject to the fraction of the quarterly fee for which they have held the bond.
From 1st January 2015
Custody fees for stocks, ETFs/ETCs and bonds
For the purpose of ensuring a cost structure that reflects the client's actual usage of the trading platforms, Saxo Capital Markets has decided to implement a new fee structure in 2015.
For accounts with Stocks, ETFs/ETCs or Bond positions, an annual custody fee of 0.12% with a monthly minimum fee of AUD 5 or equivalent will apply. The custody fee will be calculated daily using the end of day values and charged on a monthly basis.
*Australian Securities Exchange (ASX) Stocks are exempted from the below fees.
| ||Annual Custody Fee||Monthly Mininum Fee|