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On the other hand, we will automatically cancel existing orders when the following conditions have been met:\u003C\u002Fp>\u003Cul>\u003Cli>If a corporate action on a security results in a stock split (forward or reverse), exchange for shares, or distribution of shares.\u003C\u002Fli>\u003Cli>If you do not log into your account for 90 days.\u003C\u002Fli>\u003Cli>At the end of the calendar quarter following the current quarter. For example, an order placed during the third quarter of 2011 will be canceled at the end of the first quarter of 2012. If the last day is a non-trading day, the cancellation will occur at the close of the final trading day of that quarter. For example, if the last day of the quarter is Sunday, the orders will be canceled on the preceding Friday.\u003C\u002Fli>\u003Cli>Orders that are modified will be assigned a new “Auto Expire” date consistent with the end of the calendar quarter following the current quarter.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>Generally speaking, it is the client's responsibility to be aware of pending corporate actions and how such events will affect their outstanding orders and portfolio.\u003C\u002Fp>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong> \u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Ftrading\u002Fcorp-action-instructions.php\">Corporate Actions\u003C\u002Fa>\u003C\u002Fli>\u003C\u002Ful>",[1205,1211,1213],{"id":627,"title":628,"feedback_context":1206},{"request_context":1207,"type":1208,"id":627,"faq_id":627,"timestamp":1209,"cir_id":1210},"faq-browser-public,faq-browser-1:JFaqHTTP5-3643c285-f6a9-49e7-bdfb-a0dbb197d621","FAQ_NAVIGATION",1794517468442,"968a4321-c46a-4ada-b3dd-f64c46cac136",{"id":653,"title":654,"feedback_context":1212},{"request_context":1207,"type":1208,"id":653,"faq_id":653,"timestamp":1209,"cir_id":1210},{"id":665,"title":666,"feedback_context":1214},{"request_context":1207,"type":1208,"id":665,"faq_id":665,"timestamp":1209,"cir_id":1210},"\u003Cp>We do not automatically adjust existing orders after the ex-dividend date on stocks which have declared an ordinary dividend. On the other hand, we will automatically cancel existing orders when the following conditions have been met:\u003C\u002Fp>\u003Cul>\u003Cli>If a corporate action on a security results in a stock split (forward or reverse), exchange for shares, or distribution of shares…\u003C\u002Fli>\u003C\u002Ful>",[1217,1229,1236,1243],{"id":1218,"title":1219,"feedback_context":1220,"short_description":1223,"source":1224},"45150264","What is Cost Basis?",{"request_context":1207,"type":1221,"id":1218,"faq_id":1218,"timestamp":1222,"cir_id":1210},"FAQ_SIMILAR",1794517468469,"\u003Cp>Cost basis is the original value of a security or other asset used for tax purposes to determine whether a capital gain or loss has been realized when that asset is sold or disposed. Depending upon the tax regulations, the cost basis may be adjusted for commissions, wash sales or corporate actions such as stock splits and return of capital distributions…\u003C\u002Fp>",{"id":1225,"title":1226,"link":1227,"sourceType":1228},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=45150264","FAQ",{"id":1230,"title":1231,"feedback_context":1232,"short_description":1233,"source":1234},"35814923","I received a message on a stock split. Do I need to take action?",{"request_context":1207,"type":1221,"id":1230,"faq_id":1230,"timestamp":1222,"cir_id":1210},"\u003Cp>A forward or reverse stock split is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on effective date, or upon receipt of the new shares or funds from the depository or clearing agent…\u003C\u002Fp>",{"id":1225,"title":1226,"link":1235,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=35814923",{"id":1237,"title":1238,"feedback_context":1239,"short_description":1240,"source":1241},"730706678","How are options adjusted after a reverse stock split, and how can I find information about these adjustments?",{"request_context":1207,"type":1221,"id":1237,"faq_id":1237,"timestamp":1222,"cir_id":1210},"\u003Cp>When a company undergoes a reverse stock split, options on that stock are typically adjusted to reflect the new share structure. Here is what you need to know about option adjustments after a reverse stock split:\u003C\u002Fp>\u003Col start=\"1\">\u003Cli>Adjustment Process:\n\u003Cul>\u003Cli>Options may be adjusted by the Options Clearing Corporation (OCC), which is responsible for standardizing and regulating options contracts…\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Fli>\u003C\u002Fol>",{"id":1225,"title":1226,"link":1242,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=730706678",{"id":1244,"title":1245,"feedback_context":1246,"short_description":1247,"source":1248},"40341046","Why is the Record Date preceding the Ex-Dividend Date?",{"request_context":1207,"type":1221,"id":1244,"faq_id":1244,"timestamp":1222,"cir_id":1210},"\u003Cp>When there is an announced corporate action like a Stock Split or a Special Cash dividend worth more than 25% of the stock's value you may see the dividend dates announced as the Record Date preceding the Ex-Dividend Date. When this occurs the stock\u003Ca href=\"https:\u002F\u002Fibkr.info\u002Farticle\u002F3043\"> will trade with a \"Due Bill\" attached\u003C\u002Fa>…\u003C\u002Fp>",{"id":1225,"title":1226,"link":1249,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=40341046",{"request_context":1207,"type":1251,"id":1201,"faq_id":1201,"timestamp":1209,"cir_id":1210},"FAQ_CONTENT"]