Saxo UK: daily custody and value dates
A EUR 12,000 example explains monthly billing of daily accruals rather than monthly charging of an annual rate.
Check the instrument condition
Help directs clients to the instrument’s Custody fee condition; absence means no fee. General pricing varies with residence, so 0.12% is not universal across clients/assets.
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Diagram explained
Monthly billing sums daily accruals
- Assume EUR 12,000 × 0.12% / 360
- EUR 0.04/day × 30 = EUR 1.20
- From value date; end-of-day value
Constant-value example
Assume EUR 12,000, a 0.12% annual rate, 360-day convention and 30 eligible days: EUR 0.04 daily, EUR 1.20 monthly. EUR 14.40 is the assumed annual amount, not the monthly charge.
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Start at value date
Help starts accrual at value date rather than trade date; changing closing values change accruals. Delisted or non-online-tradable holdings may still incur custody, so trading unavailability does not imply a waiver.
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Bill the holding account
The holding account is charged, with no conversion fee on monthly booking under Help. This differs from commission credit or margin functionality; monitor cash because the schedule allows fees to create a negative balance and interest.
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Official Saxo source Official Saxo source Official Saxo source
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