Omnibus accounts description & purpose

The Understanding the structure of your house article describes the structure of your client tree whereas the following article will focus on the Top Level (omnibus) accounts directly associated with your entity.

The omnibus accounts may be mandatory or can be voluntary depending on your structure and services provided to your clients. 

The number of accounts can vary, but the table below provides a detailed overview of the accounts available, and a descriptions of their respective roles.

Account ID	Account Type	Mandatory/Voluntary Accounts	Description
XXXX	Omnibus	Mandatory	This account is non-functional, designed to maintain a zero balance without transactions. It includes the prefix used for the structural framework.
XXXX/F	Funding	Mandatory	This account facilitates deposits and withdrawals. White label partners use it to document client deposits, which are then allocated to the end-clients accounts, as well as for handling withdrawals. For White label partners, the account should accurately represent the specific currency amount deposited or withdrawn from the end-clients accounts.
XXXX/COMM	Commission	Mandatory	This account is used to capture commissions, money manager fees, performance fees, currency cuts, and custody fees derived from trades. Furthermore, it can be configured to include subscription fees associated with top-level users and market data license fees.
XXXX/INT	Interest	Mandatory	This account captures your earnings or losses from end-client interest alongside partner interest credited or debited by Saxo. Additionally, it encompasses CFD financing costs.
XXXX/Trading	Normal	Mandatory	Technically required to execute trades on behalf of end-clients.
XXXX/TRADBLOCK	Block Trading	Voluntary	If you engage in block trading, this account is necessary for making key allocations.
XXXX/ERROR	Normal	Mandatory	In the event of error trades occurring on T+0, they can be relocated from end clients accounts and logged against the error account. Consequently, the exposure resides in the error account, enabling you to manage the position effectively.

In addition to the mandatory accounts listed above, white label partners may request additional accounts tailored for specific needs, such as accounting purposes or fee segregation.

Below are some examples, but partners can request the creation, and naming of specific accounts, to suit their unique requirements.

Account ID	Account Type (less relevant for voluntary accounts)	Mandatory/Voluntary accounts	Client Types	Description of potential use of the account.
XXXX/INVOICE	Normal	Voluntary	WLC	Can be configured to segregate invoice charges, such as market data license fees.
XXXX/CUST	Normal	Voluntary	WLC	Can be configured to segregate custody fees.
XXXX/SUBFEE	Normal	Voluntary	WLC	Can be used to book live-price subscription fees from WL dealers.
XXXX/VAT	Normal	Voluntary	WLC	Can be used as counterbooking account when manually debiting VAT from end-client accounts.
XXXX/TAX	Normal	Voluntary	WLC	Can be used as counterbooking account when manually debiting TAX amounts from end-client accounts.
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