At Saxo Bank, interest will from now on be settled monthly. This is different from what you are used to at BinckBank, where we settled the interest on a quarterly basis. Your end-customers pay the interest in two stages in the month that your end-customers are migrated to Saxo Bank. The first part is settled from the BinckBank account when the accounts are migrated to Saxo Bank; this is done in proportion to the number of days of the month. At the end of the month, the second part will be settled from the new Saxo Bank account.
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