Please be aware that Saxo Capital Markets (SCM) is unable... PAYMENT INSTRUCTIONS How to fund your Trading Account?

Transcription

PAYMENT INSTRUCTIONS
How to fund your Trading Account?
Fund only after you have received your Account Details
Please be aware that Saxo Capital Markets (SCM) is unable to accept funds before account opening due diligence is
completed and you have received your account details. Any funds received before this process has been completed, will
be returned to your sending account, less bank charges (if any).
Third Party Funding is Not Accepted
SCM does not accept incoming funds from any third party. SCM will only accept funds originating from a bank account
held in the same name registered with SCM. This rule applies to both individual accounts as well as corporate accounts.
Funds received from any third party accounts will be returned (less bank charges) to the sender. The funds should
typically reach the sender’s account within 5 to 10 working days, however, there may sometimes be a delay depending
on the banks involved.
Unaccepted Forms of Payment
SCM does not accept Banker’s Drafts, Cash Deposits and remittances from Exchange Houses/Money Changers. Funds
received from any or all of these payment channels will be rejected and returned to the sender (less bank charges, if
any).
Please see also relevant tab(s) below, for various payment modes.





Telegraphic Transfer and Inter-Bank Internet Banking Transfer
SGD and USD Local Clearing Cheques
HSBC Singapore Personal Internet Banking Transfer
Credit/Debit Cards (available only for subsequent funding, not available for initial funding)
Funds Withdrawal
Telegraphic Transfer and Inter-Bank Internet Banking Transfer
Please ensure that you have read our above general section on important information relating to funding your account.
Before you fund your trading account with SCM, please ensure that your existing bank account has been opened under
the same name (in the exact order, sequence and form) as the name which has been used to open your SCM trading
account. You can only withdraw funds from your trading account to a bank account held under your name. Please
instruct your bank to include your SCM Client ID and SCM Trading Account Number in your transfer instructions.
SCM is unable to facilitate funds transfers to or from third party accounts. This policy applies to both individual accounts
as well as corporate accounts.
Our client trust accounts are held with HSBC in Singapore, New Zealand, Hong Kong and Indonesia. For further
information on our bank remittance details, please see Bank Remittance Details.
For information relating to funding in SGD, please see Funding in SGD.
For information relating to funding in other currencies, please see Funding in other Currencies.
Currency Conversions:
Currency conversion at SCM (if any) that involves conversions of funds transferred to and from your trading account
with SCM 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
SCM 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).
IMPORTANT TO NOTE:
Request for Proof of Remittance
Please note that we are required under the Anti-Money Laundering rules and regulations to request for and verify proof
of remittance from our clients. Although such request may not be made immediately upon making the bank transfer,
Saxo Capital Markets reserves the right to request for such proof at a later date. If the client is unable to furnish such
proof of remittance within a reasonable period of time, we are entitled to limit or restrict the client’s access to payment
via internet banking transfer.
No Postponement of Margin Stop-Outs
Margin stop-outs cannot be postponed based on funds that have been debited from your account with your bank.
Payments into your account are deposited only on the condition that such funds have been cleared and received by Saxo
Capital Markets.
Contact us
If you require further clarifications on funding, please contact our Cash Management Singapore Team at
cashmanagement@saxomarkets.com.sg.
Funding in SGD
Bank details with HSBC Singapore:
HSBC Singapore Address: 21 Collyer Quay, HSBC Building, Singapore 049320
Currency
Pay To
(Beneficiary Bank)
SGD
HSBC Singapore
Singapore SWIFT Code:
Dollar
HSBCSGSG
In Favour Of
(Beneficiary)
Beneficiary's
Account Number
Saxo Capital Markets Pte. Ltd.
147-125793-003
For Interbank GIRO
(Internet Banking), the
first 3 digits (147) is the
Branch Code and the
subsequent 9 digits
(125793003) is the
Account Number.
Branch code:
147 = Tanjong Pagar
Bank Code: 7232
Please indicate your
Saxo Client ID during
the initial setup of the
payee.
For further Credit to
(Ultimate Beneficiary)
Request your Bank to indicate on the
Swift Field 72:/BNF/For further credit to
[Your Saxo Client ID &/or specific Saxo
Trading Account Number (if you have
more than one trading account)]
Indicate [Your Saxo Client ID &/or specific
Saxo Trading Account Number (if you
have more than one trading account)] on
the Bank to Bank Information field for
the details to be visible by the
beneficiary (please check with your Bank)
If you are unable to do so, please send us
the screen shot or account statement
showing that the transfer was
successfully made from an account held
in your name to Saxo Capital Markets
Pte. Ltd. Otherwise, we might have to
return the unidentified funds.
Contact us
Funding in other Currencies
Bank details with HSBC Singapore:
HSBC Singapore Address: 21 Collyer Quay, HSBC Building, Singapore 049320
Currency
Pay To
(Beneficiary Bank)
In Favour Of
(Beneficiary)
Beneficiary's
Account Number
USD
US Dollar
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-195
HSBC Singapore
AUD
SWIFT Code:
Australian Dollar
HSBCSGSG
260-494463-191
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-202
HSBC Singapore
CAD
SWIFT Code:
Canadian Dollar
HSBCSGSG
260-494463-206
DKK
Danish Kroner
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-193
EUR
Euro
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-196
HSBC Singapore
GBP
SWIFT Code:
Sterling Pounds
HSBCSGSG
260-494463-199
HSBC Singapore
HKD
SWIFT Code:
Hong Kong Dollar
HSBCSGSG
260-494463-190
JPY
Japanese Yen
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-194
NOK
Norwegian
Krone
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-212
NZD
New Zealand
Dollar
HSBC Singapore
SWIFT Code:
HSBCSGSG
260-494463-192
HSBC Singapore
SEK
SWIFT Code:
Swedish Kroner
HSBCSGSG
260-494463-208
CHF
Swiss Franc
For Further Credit to
Request your Bank to
indicate on the Swift Field
72:/BNF/For further credit to
[Your Saxo Client ID &/or
specific Saxo Trading Account
Number (if you have more
than one trading account)]
Contact us
Bank Remittance Details
For relevant bank details of HSBC in New Zealand, Hong Kong and Indonesia, please see:
Bank Details with HSBC New Zealand:
HSBC New Zealand Address: HSBC House Level 9, No 1 Queen Street, Auckland, New Zealand
Currency
Pay To
(Beneficiary Bank)
In Favour Of
(Beneficiary)
Beneficiary's
Account Number
NZD
Request your Bank to indicate on
HSBC New Zealand
New Zealand
Saxo Capital Markets Pte. Ltd. 30-2904-0216559-61 the Swift Field 72:/BNF/For further
SWIFT Code: HSBCNZ2A
Dollar
credit to [Your Saxo Client ID &/or
USD
HSBC New Zealand
Number (if you have more than one
004-021655-251
US Dollar SWIFT Code: HSBCNZ2A
trading account)]
Bank Details with HSBC Hong Kong:
HSBC Hong Kong Address: Head Office GPO Box 64, 1 Queen’s Road Central, Hong Kong
Currency
Pay To
(Beneficiary Bank)
HKD
Hong Kong
Dollar
HSBC Hong Kong
SWIFT Code:
HSBCHKHHHKH
USD
US Dollar
HSBC Hong Kong
SWIFT Code:
HSBCHKHHHKH
In Favour Of
(Beneficiary)
Beneficiary's
Account Number
808-192298-001
808-192298-201
Request your Bank to indicate on
the Swift Field 72:/BNF/For further
credit to [Your Saxo Client ID &/or
Number (if you have more than
one trading account)]
Bank Details with HSBC Indonesia:
HSBC Indonesia Address: World Trade Center, 3rd Floor, Jl. Jendral Sudirman Kav.29-31, Jakarta 12920, Indonesia.
Currency
Pay To
(Beneficiary Bank)
In Favour Of
(Beneficiary)
Beneficiary's
Account Number
050-247626-117
USD
HSBC Indonesia
US Dollar SWIFT Code: HSBCIDJA
Please remit in USD
to SCMPL.
Conversion if any
should be done at
your bank and then
request your bank
to remit the
equivalent in USD
to SCMPL's USD
account at HSBC
Indonesia.
Request your Bank to indicate on the
Swift Field 72:/BNF/For further credit
to [Your Saxo Client ID and/or specific
Saxo Trading Account Number (if you
have more than one trading
account)]
Contact us
SGD and USD Local Clearing Cheques
1.
2.
3.
4.
5.
6.
7.
SCM currently only accepts SGD and USD LOCAL clearing cheques from clients residing in Singapore.
Cheques are 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 SCM 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 cheques are
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:
3 Church Street
#30-00 Samsung Hub
Singapore 049483
Attn: Cash Management
(NOTE: Please DO NOT deposit any cheque directly at any HSBC Branches)
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, as the cheque needs to be cleared and funds made available and booked into your trading account.
Contact us
HSBC Singapore Personal Internet Banking Transfer
Please refer to the 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 (e.g. full name of the account holder and account number)
in 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).
IMPORTANT TO NOTE:
of remittance from our clients. Although such request may not be made immediately upon making the bank transfer,
Saxo Capital Markets reserves the right to request for such proof at a later date. If the client is unable to furnish such
proof of remittance within a reasonable period of time, we are entitled to limit or restrict the client’s access to payment
via internet banking transfer.
No Postponement of Margin Stop-Outs
Margin stop-outs cannot be postponed based on funds that have been debited from your account with your bank.
Payments into your account are deposited only on the condition that such funds have been cleared and received by Saxo
Capital Markets.
Contact us
Credit/Debit Cards (available only for subsequent funding, not available for initial
funding)
We now offer clients the flexibility of funding their trades via credit / debit cards. However, please note that this avenue
is not available for first / initial funding.
For further information on credit/debit card payments, please refer to our Credit & Debit Card Payment Factsheet at
http://sg.saxomarkets.com/Documents/payment-instructions/card-payment-factsheet.pdf.
For details as to how you can fund using your credit/debit card, please refer to our Credit & Debit Card Payment User
Guide at http://sg.saxomarkets.com/documents/payment-instructions/card-payment-user-guide.pdf.
For details relating to other terms and conditions on credit/debit card funding, please refer to our Credit & Debit Card
Terms and Conditions at http://sg.saxomarkets.com/documents/payment-instructions/creditcard-terms-conditions.pdf.
IMPORTANT TO NOTE:
of remittance from our clients. Although such request may not be made immediately upon making the credit/debit card
payment, Saxo Capital Markets reserves the right to request for such proof at a later date. If the client is unable to
furnish such proof of remittance within a reasonable period of time, we are entitled to limit or restrict the client’s access
to payment via credit/debit card funding.
Contact us
Funds Withdrawal
Please note that you can only withdraw funds from your trading account to a bank account held under your name. Saxo
Capital Markets is unable to facilitate funds transfers to or from third party accounts. This policy applies to both
individual accounts as well as corporate accounts.
Both our SaxoTrader and SaxoWebTrader facilitate online withdrawal. For further information, please see our Cash
Withdrawal Module Guide at http://sg.saxomarkets.com/Documents/payment-instructions/scm-sg-withdrawalmodule.pdf.
If you do not have access to the Cash Withdrawal Module, please go to
http://sg.saxomarkets.com/documents/payment-instructions/withdrawal-request-form.pdf to download the Funds
Withdrawal Form.
Contact us

Please be aware that Saxo Capital Markets (SCM) is unable... PAYMENT INSTRUCTIONS How to fund your Trading Account?

Transcription

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