Why do I continue to pay borrow fees for delisted stock?

Securities which have been delisted from a stock exchange often continue to trade on an OTC basis in electronic venues such a PINK or OTCBB.  Delisting, therefore, does not preclude a security from actively trading and IBKR will continue to reflect such securities in accounts unless they are cancelled or removed from the depository or clearing agent. Clients will not have the ability to transmit an order for stocks no longer listed on one of our offered…

In the event you submit an election for an open voluntary corporate action, IBKR will reflect your election as pending until the deadline of the offer. At the time of our submission of the elections to the depository or clearing agent, IBKR will run a check against current holdings in the account. If you have previously sold the shares on which you have elected, IBKR will reduce your election…

Unless you arrange for a pre-borrow, you will not be subject to stock borrow fees if you open and close the short position within the same trading session. When a short stock position is initiated, a locate is performed so as to make a reasonable determination the shares are available to borrow, however, the actual borrow does not take place until settlement (T+1 for U.S. stocks). If an account closes the short position on the same day opened, the sale and purchase will net and settle on the same settlement date, with no borrowing of shares required…

As the extended trading hours offered for stocks are generally not offered for options, there are periods during the day where a portfolio comprised of both stock and options will reflect a change in the stock price without a corresponding change to its option prices. As this can result in a Net Liquidation Value which would not likely exist were both products trading, IBKR computes a value referred to as…