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Where is my money held?

Our partner Saxo Capital Markets (SCM) holds the Client money in a pooled ‘segregated’ Client trust account operated by HSBC Bank Australia (Segregated Client Account). The Segregated Client Account is kept separate from SCM’s own money and assets.

Although Client money is pooled together in the Segregated Client Account, SCM will not use money deposited by (and belonging to) one Client to meet the loss of another Client. Moreover, SCM does not use Clients’ money in the Segregated Client Account for its own purposes.

To ensure SCM complies with the Australian Client Money Rules, SCM calculates the value of Clients’ funds in the Segregated Client Account on a daily basis and reconciles this with the funds available in the Segregated Client Account.