Following up on previous communications announcing that we will continue the Dutch, Belgian and French Saxo branches under Saxo’s Danish banking license, we would like to remind you that as of 1 July 2024, your – and your end-clients - new legal counterpart will be Saxo Bank A/S.
Updated documentation for end-clients available now
On 8 May, we shared the updated terms and conditions and client agreement of tripartite services. Please view the updated terms and conditions on the help centre.
All additional documentation relating to the merger has now been updated. The changes relate primarily to references to the Dutch Deposit Guarantee scheme and trade name regulatory authorities. You can find all updated pdfs in the following zip files, should you need to update your own systems:
On 1 July 2024, the updated documentation will be available online at the help centre and on Saxo’s retail websites for the Dutch branch and for the Belgium branch in Dutch and French.
For onboarding of new clients, Saxo will continue accepting former documentation for a period T+30 days after the merger date, provided you have shared the new terms and conditions (including DGS-information).
Communication to your end-clients on 1 July 2024
As communicated on 25 March, Saxo must also inform your end clients when the merger is confirmed. We expect to send this communication on 1 July 2024. Please view the communication here.
Where can you find more information?
Please visit the news section on the help centre to access all communications around the merger or contact your relationship manager.
Kindly note that Saxo’s LEI codes for the Dutch, French and Belgium branches are now available in the updated FAQ.
Good to know
The change of the legal counterparty to Saxo Bank A/S is the final step in the integration of BinckBank into Saxo Bank.
Saxo Bank A/S has an A- investment grade rating from S&P and a Systemically Important Financial Institution (SIFI) designation from the DFSA. This seal of approval is given to financial institutions deemed important to the functioning of the financial system and is accompanied by stricter supervision and higher capital requirements.