AccountType
Account types
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Name Description ASK Account type for Aktiesparekonto(ASK)-Danish Investment Account AutoTradingFollower Account Type for Saxo Select Follower accounts AutoTradingLeader Account Type for Saxo Select Leader accounts BlockTrading Used for block trading accounts only. The account where the root block trade is executed. This is our allocation account. Cgb Used for client accounts having open positions in Managed Fund instruments called ”CGB” (Capital Guaranteed Bonds). Collateral For WLP accounts holding WLP’s collateral (funds transferred from WLP to Saxo Bank). Not used for trading. Commission For partners only. Used to hold partner commission amounts. Not used for trading. ConBroker Used on broker accounts (in practise, the Normal account is actually used). ConEgo Used on EGO accounts (in practise, the Normal account is actually used). DvP Account type for delivery versus payment Facilitation Account type for Facilitation flow Funding For WLP accounts used to transfer funds between WLP and WLP client accounts. Not used for trading. Interest For partners only. Used to hold partner interest amounts. Not used for trading. MarginLending Account type for Margin Lending MFAllocation Used for managed funds ALLOCATION account sonly (nothing to do with normal allocation/block trading accounts). Only MF trades. MFTotal Used for managed funds TOTAL accounts only. Only MF trades. Normal Default. Used for normal client accounts. Omnibus For WLPs only. Used purely as an overall account. Not used for trading. Pension Account type for Pension PledgedCash Account type for Pledged Cash Saving Account type for Saving Settlement Used in connection with SettlementTrading accounts. SettlementTrading accounts is used on the actual trading account. Settlement accounts are used on the sub accounts. Not used for trading. SettlementTrading For FX Settlement trading clients, this account type is used for the main trading account. Shadow This account is used when a trade is allocated with negative allocation key. Two Shadow accounts are used. One to hold positive exposure, one to hold the equal but opposite exposure. Used very limited. Tax Account Type for Julias bear TaxSavings Generic account type for tax savings accounts. Should be used in conjection with AccountSubType VariationMargin Indicates the account on which exchange of collateral(cash) under EMIR between client and Saxo happens