Will my end-customers' assets still be protected by the Dutch deposit guarantee scheme?

Yes. Your end-customers' funds will continue to have the same protection under BinckBank N.V.’s banking licence and the Dutch deposit guarantee scheme. 

Under the terms of the Dutch deposit guarantee scheme, up to EUR 100,000 per client is insured against the event of Saxo Bank’s bankruptcy. If your end-customer has a joint account, two separate sums of EUR 100,000 are insured.

As a further layer of protection, the end-customers’ investments are housed in a separate custody company. This custody company is, legally, completely separate from Saxo Bank. The only activity of the custody company is the custody of our end-customers’ investments. This means that if Saxo Bank were to experience financial difficulties, your end-customers will not be at risk of losing their investments.

Due to an extension of the Securities Giro Act (Wge) the use of a custody company is becoming less and less necessary, because more securities now fall under the legal protection of the Wge. The Wge offers your end-customers more security because, after delivery, your end-customer becomes the direct owner of the securities. This means that there is no longer a need to submit a claim (as with the custody company), because your end-customer already has a right of ownership. In the unlikely event of Saxo Bank’s bankruptcy, your end-customer's securities are therefore not included in the bank's estate. The Wge protects shares and bonds, as well as (from 1 April 2016) options and futures.