SAXO CAPITAL MARKETS ACCOUNT OPENING MOVING MONEY OFFSHORE MARGIN - - PowerPoint PPT Presentation

SAXO CAPITAL MARKETS

ACCOUNT OPENING MOVING MONEY OFFSHORE MARGIN LENDING HOW TO TRADE

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ACCOUNT OPENING

Account Opening

• Accounts opened with Saxo Capital Markets UK Ltd
• Regulated by FSA
• Paper application form completed and signed*
• Application with supporting documents sent to Esther*
• Esther checks documents and submits to Saxo JHB for checking
• Application submitted to Saxo London for opening
• Saxo London communicate directly with Courtney for any outstanding requirements
• Once open, account details sent to client. Courtney is copied in (2-3 working days)
• Links to download various platforms included in the mail along with bank details

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KYC REQUIREMENTS

Documentation

• Passport (valid)
• Proof of Residence
• Utility Bill
• Bank statement
• Letter from bank
• Power of Attorney
• No originals required
• Exceptions and Certifications

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MOVING MONEY OFFSHORE

Exchange Control Regulations:

 A maximum of 5 million Rand may leave the country per annum per tax payer  R1m: No Tax Clearance certificate required  R4m: Tax Clearance certificate required  Once the money has left South Africa, there is no obligation to return the funds  Trading the loop  Tax  Reporting

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MOVING MONEY OFFSHORE

Exchange 4 Free

 Competitive rates on several currency pairs with no commission fee’s (fixed

exchange rate at the predetermined time)

 Suspense account with major banks, client funds not held by E4F  Provide documentation (ID, Proof of Residence and Tax Number)  Once ZAR has cleared rate is negotiated and fixed  Money in trading account within 2 working days  Close relationship with Saxo Capital Markets, all account details on file

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MARGIN LENDING

Using Stock as collateral

 Use up to 70% of the value of your stock to trade margin products  Transfer stock into Saxo via fully automated scrip transfer process  Trade with no additional cash

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Thank you

for further information please contact e-mail: EstherE@courtneycap.co.za