How to Close Delisted company's short position?
How to Close Delisted company's short position?
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Malkhazi Dartsmelidze · External communityPost link
External question — Personal Finance Stack Exchange
Author: Malkhazi Dartsmelidze
Original post: https://money.stackexchange.com/questions/156917
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I have shorted
OZON
and
YNDX
last year in
FEB
before suspending trading and after suspending was not able to close these positions. As Companies now are in delisted mode, Broker is not giving chance to close positions and giving bunch of reasons as they are suspended because of war and etc. I`m still paying each month fee for all these margin.
IBKR
's answer is following:
Please note that delisting of ADRs does not mean that they cease to exist. The sponsor bank will deliver the Russian securities represented by the receipt or liquidate the stocks and allocate the proceeds to clients once it is possible and at own discretion of the sponsor bank. IBKR cannot affect this process.
Could u suggest ways to solve the problem, close positions somehow or get rid of it? or suggest someone who can help with that
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