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 Bank 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 risk rating of an instrument in the Trading Conditions >Instrument tab.