Legal
Conflicted Remuneration
Payment Schedule – Authority & Direction to Give Benefits to Introducing Broker
Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286 | AFSL 280372
This Payment Schedule sets out the types of monetary benefits that your Introducing Broker may be given by Saxo Capital Markets, on your behalf in relation to your Introducing Broker dealing in financial products on your behalf, or financial product advice given to you by your Introducing Broker.
By signing this Payment Schedule you consent to, authorise and direct Saxo Capital Markets to give the authorised benefits set out below to the Introducing Broker named below on your behalf.
Important Notice
You are not required to sign this Payment Schedule. If you decide not to sign this Payment Schedule, Saxo Capital Markets will be prohibited from giving the monetary benefits described in this schedule to the Introducing Broker to the extent that those monetary benefits are "conflicted remuneration" under Part 7.7A of the Corporations Act 2001 (Cth).
Introducing Broker
Grange Financial Services Pty Ltd
ABN: 29 612 321 383
Client Directed Payment Table
FX Spot and Forwards
| Currency Cross | Ticket Fee | Commission |
|---|---|---|
| All Currency Pairs | No Ticket Fee | No commission |
FX Options
| Currency Cross | Ticket Fee | Commission |
|---|---|---|
| All Currency Pairs | $20 | No commission |
Share CFDs
| Exchange | Ticket Fee | Commission |
|---|---|---|
| Australia Stock Exchange (ASX) | AUD $16 | 0.20% |
| London Stock Exchange | GBP $16 | 0.20% |
| European Exchanges | EUR $24 | 0.20% |
| Shares CFDs on ALL Exchanges | Retail Commission (Bps%) and Min. Commission + 100%* | |
| US Main Exchanges (AMEX, NASDAQ, NYSE, NYSE_ARCA) | USD $20 | $0.02 USD/Share |
CFD Indices
| Instrument | Ticket Fee | Commission |
|---|---|---|
| ALL CFD Indices | No Minimum Ticket Fee | Retail CFD Index spreads + 100%* |
CFD – FX / Bonds / Commodities
| Instrument | Ticket Fee | Commission |
|---|---|---|
| ALL FX / Bonds / Commodities CFDs | No Minimum Ticket Fee | Retail CFD Commodity spreads + 100%* |
Futures Contract & Contract Options
| Currency | Futures Fee/Lot | Options Fee/Lot |
|---|---|---|
| AUD | AUD 10 | AUD 10 |
| EUR | EUR 10 | EUR 9 |
| USD | USD 9 | USD 9 |
| ALL Currencies | Retail Futures rates + 100%* | Retail Contract Option rates + 100%* |
Physical Stocks
| Exchange | Ticket Fee | Commission |
|---|---|---|
| Australia Stock Exchange (ASX) | AUD $20 | 0.20% |
| London Stock Exchange | GBP $16 | 0.20% |
| European Exchanges | EUR $24 | 0.20% |
| Physical Stocks on ALL Exchanges | Retail Commission rate (Bps%) and Min. Commission + 100%* | |
| US Main Exchanges (AMEX, NASDAQ, NYSE, NYSE_ARCA) | USD $20 | $0.02 USD/Share |
*Saxo AU Retail Prices as published on Saxo AU website, Products > Prices > "Standard" price
Management Fee
Management fee is a per annum percentage that is charged on the Assets Under Management (AUM) plus an agreed notional amount of the account. The fees are charged on the daily AUM going back throughout the period, and is charged on a monthly, quarterly or yearly basis, as selected by the client. The calculation uses end of day (5PM CET) account values.
Fee Percentage
As agreed with client (%)
Calculation Period
Monthly / Quarterly / Yearly
Notional Amount
As agreed with client
Performance Fee
Performance fee is the percentage that is charged on investment profits. It can be calculated on either a monthly, quarterly or yearly basis. This fee is subjected to a High Water Mark which is the highest AUM that the account has reached.
Percentage
0–50%
Calculation Period
Monthly / Quarterly / Yearly
Asset-Based Fee on Borrowed Amounts
An AFS Licensee is prohibited from charging asset based fees on borrowed amounts that are to be used to acquire financial products by or on behalf of a client. Borrowed amounts can be through secured or unsecured methods, this includes, but is not limited to: credit facilities (personal loan/credit cards); margin lending facilities (Corporations Act: s964G (1)).
*Australian Financial Services Licensee, regulated by the Australian Securities & Investments Commission (ASIC)
Clients must confirm that the funds used for investment purposes to acquire financial products via Saxo Capital Markets are not from a borrowed source as highlighted above, or similar method.
Authorisation & Payment Direction
I/we authorise and direct Saxo Capital Markets (Australia) Pty Ltd ("SCM"), and appoint SCM as my/our agent, to pay to the Introducing Broker named above, on my/our behalf, an amount in relation to each trade equal to the relevant Client Directed Ticket Fee, Client Directed Commission, Client Directed cents/share and Client Directed fee/lot calculated in accordance with the Client Directed Payment Table above and also paying the Monthly Account Maintenance Fee specified in the Client Directed Payment Table above to the Introducing Broker.
I/we acknowledge that Saxo Capital Markets might make new financial products available to me/us after the date of this authorisation and payment direction. To the extent that such new financial products are not of a kind described in Client Directed Payment Table above or the giving of authorised benefits has not been authorised and directed by me/us under this Payment Schedule, I/we acknowledge that Saxo Capital Markets may separately seek my/our consent to give further specified authorised benefits to the Introducing Broker on my/our behalf.
I/we authorise and direct Saxo Capital Markets (Australia) Pty Ltd ("SCM"), and appoint SCM as my/our agent, to pay to the Introducing Broker named above, on my/our behalf, an amount in relation to Management Fee; Performance Fee and/or Flat/Fixed Fee as specified in the Client Directed Fee Table above to the Introducing Broker.
Execution
This Payment Schedule must be signed by the client(s) to authorise the payment direction.
Client 1
Full Name, Signature & Date
Client 2
Full Name, Signature & Date