Within the ticket, please indicate the security you wish to convert and the number of shares. While the overview description will provide an estimate of the fees, the final amount the account will be charged is dependent on the processing fee assessed by the agent at the time of the action and therefore the estimate is subject to change.Is there a minimum value required for conversion?IBKR does not require a minimum value of ADRs or underlying shares to proceed with a conversion.I do not see my ADR/common shares in the list of positions available for conversion.In the event the security is not listed within the table, customers may submit an Inquiry Ticket. Once you have reviewed the terms, you may submit an election.Please note: Fees will be assessed for an ADR conversion request. Once selected, a new screen will launch which will provide information on the terms of the conversion offer. From the table, locate the security you wish to act upon and select Allocate from the far right of the table6. Select the Conversions tab from the table of corporate action types.
Account holders will be responsible for calculating the fee themselves based on this information. Account holders should review their accounts to ensure the account will remain in margin compliance during the processing.How will I know the fee associated with the conversion?Initially the estimated fee per share will be provided in the description of the conversion. The shares will remain in this location until the conversion has been completed. The shares submitted for conversion will be moved to a contra-symbol in the account which is non-marginable and non-tradeable. Upon receipt of the new shares, the position will be allocated to the account.What will happen once I submit my election?Once the election has been submitted, a request will be forwarded to the processing agent. While many requests will be completed within 1 to 2 business days, as the processing is dependent third party agents in various regions this is an estimate only and a given conversion may take additional time.
Only settled shares may be submitted to the processing agent for conversion. IB will review the details and once confirmed, ensure that the applicable fee is deducted from the account.No. How can I ensure that this is the fee I am charged?In the event an account holder has negotiated a specific rate, please supply the details of the rate as well as a contact name and phone number within an Inquiry Ticket.
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