Saxo definition
Examples of Saxo in a sentence
Ne current Omnibus Account Nis is the account made available by the International Custodian to Saxo Bank A/S (company registration number - CVR No. 15731249), duly regulated by Applicable Law for the purposes of being the registered owner of international securities, for the benefit of Investors.
The information provided in this document applies to the scope of the service of receipt, transmission and execution of orders (RTO), through the Saxo Bank platform for the trading of securities, named Trading Pro.
For this purpose, BKT may open accounts with and deposit Securities with Saxo Bank A/S Denmark and any other sub-custodian.
Not withstanding clause 9 (Confidentiality) above, Saxo Bank may disclose relevant information on Licensee to third parties for the purpose of enabling such third party to provide technical support to Licensee.
If Saxo Bank has not on-lend the Securities Lent to a Borrower in a Lending Transaction, Saxo Bank will, as compensation from the Securities Lending, pay proceeds to the Client that is equal to 50% of what would have been received from a Borrower, as determined by Saxo Bank acting reasonably, based on the prevailing rates for compensation for such Lending Transactions in the lending period.
This notice must also be published on the websites of Saxo Bank and the Security Agent, provided that a failure to do so shall not invalidate any decision made or voting result achieved.
During installation of the updates the Licensee must follow the included documentation, instructions and guidelines from Saxo Bank.
Saxo Bank’s update service puts the updates at the disposal of the Licensee through Saxo Bank’s Partner.
If Saxo Bank does not, despite undertaking commercially reasonable efforts, timely return the Securities Lent, Saxo Bank ensures that payments from corporate actions are processed in accordance with Clause 4.2. If a corporate action concerns the exercise of pre-emptive rights on Securities Lent, and Saxo Bank has not delivered the relevant Securities Lent back, Saxo Bank shall within a reasonable time before the latest time for the exercise of the relevant rights give written notice to the Client thereof.
By agreeing to these Terms, you are agreeing to and will be deemed as agreeing to the Saxo Terms.