Retail clients
In line with the ESMA regulations, retail clients are only able to use cash as collateral for margin trading.
Professional clients
For clients classified as Professionals, Saxo allows a percentage of the investment in certain Stocks, ETFs and Bonds to be used as collateral for margin trading activities. The collateral value of a stock, ETF, or bond position depends on the rating of the individual stocks, ETFs, or bonds.
You can find the rating of an instrument in the Trading Conditions >Instrument tab.