When are the custody fees for SAXO charged?

Custody fees for SAXO are computed daily, but are billed only at the end of each month. Here is some additional info about the custodian fee from SAXO's support page:

Which instruments does custody fees apply to?

Custody fees apply to Stocks, ETFs, ETCs and Bonds.

**Daily Calculation Formula

*(Number of shares Closing Price) * (Custody Fee p.a. / Yearly day count)

Calculation Example

If you hold 1,000 shares in company XYZ Inc. and the closing price is EUR 25.00 the daily custody fee will be calculated as: (1,000 x EUR 25.00) * (0.12%/360) = EUR 0.08333 per day

Monthly billing

At the end of each month, the calculated daily custody fees during the month are added up and debited from the account that holds the position.

In which currency is the custody fee charged?

Custody fee will be calculated on the instrument currency daily using the end of day values. It will be converted to the account currency at zero conversion fees when booked monthly. Where the minimum fee is applicable this will also be converted to account currency.