As required by the Monetary Authority of Singapore, Saxo Capital Markets Pte. Ltd. ("Saxo") deposits funds received from customers into trust accounts no later than the business day immediately following the day on which the funds are received, or the day on which Saxo is notified of the receipt of such funds, whichever is later.
Saxo uses only its own funds for hedging and does not pass client money to hedging counterparties.
For more details, please also refer to this link.