http://finanswatch.dk/Finansnyt/article7566686.ece
Saxo do not understand the customers who will sue
By MATHIAS BENCKE the facilitation
Posted 20:03:15 pm. 09:04
Director of Saxo Bank, Kim Fournais not understand the customers that heralds an action against the bank as a result of heavy losses on the Swiss franc.
Numerous customers have announced legal action against Saxo Bank after heavy losses on Swiss franc 15 January. It understands Saxo Bank, writes Berlingske Business.
The Swiss National Bank lifted its ties to the euro on January 15th, and alpine currency rose 30 percent. immediately. It gave great loss to some customers who had invested in the currency. Losses have in many cases triggered the stop / loss function associated with the account.This means that Saxo's systems will automatically close the positions.
But customers settlement rate was subsequently regulated by Saxo, so the losses in many cases greater than the agreed loss limit. Some customers have chosen to try the case in the judicial system to test whether Saxo now also had the right to amend the settlement prices. It understands Saxo Bank.
"It's a little difficult for us to fully understand that people will come and give us an action because they owe us a lot of money. It is clear that we are in any case willing to try to find decent and friendly solutions with customers, and we luckily found with a lot, and we're working on it. So it's hard to say how it's going to go, but we do our best to find decent and friendly solutions with all customers " says Kim Fournais Berlingske Business.
Saxo do not understand the customers who will sue
By MATHIAS BENCKE the facilitation
Posted 20:03:15 pm. 09:04
Director of Saxo Bank, Kim Fournais not understand the customers that heralds an action against the bank as a result of heavy losses on the Swiss franc.
Numerous customers have announced legal action against Saxo Bank after heavy losses on Swiss franc 15 January. It understands Saxo Bank, writes Berlingske Business.
The Swiss National Bank lifted its ties to the euro on January 15th, and alpine currency rose 30 percent. immediately. It gave great loss to some customers who had invested in the currency. Losses have in many cases triggered the stop / loss function associated with the account.This means that Saxo's systems will automatically close the positions.
But customers settlement rate was subsequently regulated by Saxo, so the losses in many cases greater than the agreed loss limit. Some customers have chosen to try the case in the judicial system to test whether Saxo now also had the right to amend the settlement prices. It understands Saxo Bank.
"It's a little difficult for us to fully understand that people will come and give us an action because they owe us a lot of money. It is clear that we are in any case willing to try to find decent and friendly solutions with customers, and we luckily found with a lot, and we're working on it. So it's hard to say how it's going to go, but we do our best to find decent and friendly solutions with all customers " says Kim Fournais Berlingske Business.