Voluntary Events

Tenders…

The total number of shares eligible for a voluntary corporate action election is based on the following criteria:

If the ex-date (effective date) is in the future the eligible position will be either…

ACCESS CORPORATE ACTION MANAGER

IBKR provides information to account holders on upcoming voluntary corporate actions within Client Portal. If you have been sent a notification regarding an open voluntary corporate action, use the button above or follow the below procedure to submit your election in the Corporate Action Manager:…

IBKR will make voluntary corporate actions available for on-line election once all external terms including rates, eligibility restrictions and deadline dates have been confirmed with the depository or clearing agent. This verification process is manual and generally will take a few days after the initial announcement is made public…

SEND TICKET TO CLIENT SERVICES

In the event the election deadline has passed for a voluntary corporate action, clients may submit an inquiry Ticket…

IBKR Australia will, on a best efforts basis, promptly allocate the new shares once we have received them from the BNP and have reconciled the subscription requests from all participating clients with the allocation we have received. As this process often involves multiple parties, IBKR Australia cannot guarantee the exact timing when the new shares and/or the cash refund (if applicable) will be received in your account. As a result, by submitting the corporate action request via IBKR Australia, you acknowledge that there may be a delay in receiving the allocated securities and/or refunds (if applicable) that is outside the control of IBKR Australia and as a result you will not hold IBKR for any harm or loss associated therewith…

Our services relating to corporate actions are as follows:

1. The processing of mandatory corporate actions (e.g. prompt dividend recovery, spin-offs, stock splits, effective mergers and etc.) at no extra cost; and
2. Providing, on a best efforts basis, details of corporate action announcements associated with stock and option positions held in your account. These details are provided in the form of a web ticket posted to the Corporate Actions tab of your Message Center. Account holders may also elect to set their preferences so as to receive a copy of such details via email. Information provided includes…

Trading the securities of companies involved in announced but as-yet incomplete mergers is known as “Merger Arbitrage.”

When a company decides to assume control of a public company, the per-share price that the acquiring company must agree to pay for the target company is typically greater than the prevailing per-share stock price on the public exchange. This price difference is known as the “takeover premium.”…

IBKR Australia operates under a custodial model meaning ASX shares are held in direct nominee's custody. ASX corporate action requests/votes are all submitted via our custodian, BNP Paribas. Please note that this specific request will be processed on best effort basis only, which depends on the registry in its sole discretion, who will determine your eligibility and whether to accept or reject your submission…

ACCESS THE CORPORATE ACTION TOOL   

IBKR offers clients that are holders of the underlying ordinary shares the ability to request to convert these shares into an ADR electronically through our Client Portal. Similarly, holders of an ADR may request to convert to the underlying ordinary shares…

Overview:

An escrow account was opened in your name if you own securities that are subject to comprehensive sanctions imposed by the US Treasury Department's Office of Foreign Asset Control ("OFAC")…

Interactive Brokers Australia Pty Ltd (“IB Australia”) has appointed a third party sub-custodian: BNP Paribas Security Services (“BNP”), to hold ASX listed cash equities for the benefit of our clients1. IB Australia ensures that securities acquired on your behalf are recorded in the books and records of BNP in the name of IB Australia’s wholly owned nominee company, Interactive Brokers Australia Nominees Pty Ltd (“IBA Nominees”). IB Australia is responsible for the conduct of IBA Nominees…

Overview of Topics

• General use of the tool
• Information specific to Dutch Auction elections…

In many cases, this type of issue will occur when the offer is subject to specific terms on the allowable quantity. For example, if you hold a quantity of 5,000 and the terms of the offer indicate that "for every 3 units you may purchase 1 new unit", your participation will be limited to a multiple of 3…

IBKR receives information on mandatory actions from a variety of third party sources and will forward the information as received to our clients. It is possible that the information is incomplete, such as when a stock dividend has been declared but the reinvestment price for the additional shares is not known. This could happen in cases where the reinvestment price is based on an average of closing prices over a period…