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IBKR will take over the worthless position for a nominal payment of USD 1.00 as consideration.\u003C\u002Fp>\u003Cp>An automated process is in place for account holders to close eligible worthless security positions through TWS. If a ticker symbol has “(DOLLR4LOT)” following it in TWS, it is eligible for closing in TWS. Currently this only applies to long US stock positions.\u003C\u002Fp>\u003Col start=\"1\">\u003Cli> From TWS enter a closing order by either right-click and select “\u003Cstrong>Close\u003C\u002Fstrong>”, or create a Sell order\u003C\u002Fli>\u003Cli> A pop-up box will appear with a link to the “\u003Cstrong>Dollar for Lot\u003C\u002Fstrong>” Acknowledgement\u003C\u002Fli>\u003Cli> After electronically signing the Acknowledgement, then transmit the order\u003C\u002Fli>\u003Cli> An “alert” window will appear on the right side of the screen stating that the transaction “is irrevocable”\u003C\u002Fli>\u003Cli> Check the box confirming understanding, and then click \u003Cstrong>Accept\u003C\u002Fstrong> and \u003Cstrong>Continue\u003C\u002Fstrong>.\u003C\u002Fli>\u003C\u002Fol>\n\n\u003Cul>\u003Cli>Order execution will occur from 4am-8pmEST, Monday-Friday (US).\u003C\u002Fli>\u003Cli>There are no commissions on the order.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>For positions that are not followed by “(DOLLR4LOT)\", a Special Position Liquidation Agreement will need to be submitted. The \u003Cstrong>Special Position Liquidation Agreement\u003C\u002Fstrong> which must be completed to request this is available through the Customer Service documents found on our \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Findex.php?f=legalDocs&p=custservice\">website\u003C\u002Fa>. You can return the completed form to IBKR through the Message Center, log in to \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fsso\u002Fresolver?action=NEW_TICKET\">Client Portal\u003C\u002Fa> and navigate to the \u003Cstrong>Help\u003C\u002Fstrong> followed by \u003Cstrong>Secure Message Center\u003C\u002Fstrong>. Click \u003Cstrong>Compose\u003C\u002Fstrong> followed by \u003Cstrong>New Ticket\u003C\u002Fstrong> to launch a new Inquiry Ticket. Select as Category \u003Cstrong>Trade Issues\u003C\u002Fstrong> and then \u003Cstrong>Liquidation\u003C\u002Fstrong>, type \"\u003Cstrong>Dollar for lot\u003C\u002Fstrong>\" as the subject, and type the product symbols in the body of the message. In the lower left you will see a link to \"\u003Cstrong>browse your device\u003C\u002Fstrong>\". Click this and select the file from your computer. Once completed, click \u003Cstrong>Preview Ticket\u003C\u002Fstrong> and \u003Cstrong>Submit Ticket\u003C\u002Fstrong> to send your ticket to IBKR. Find \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Fsoftware\u002Fcp\u002Fcp.htm#am\u002Fsupport\u002Fcreatingaticket.htm%3FTocPath%3DMessage%2520Center%7C_____2\">details of the procedure\u003C\u002Fa> in the Client Portal Users' Guide. \u003C\u002Fp>\u003Cp>\u003Cstrong>Note\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>Up to 2 files (Acceptable formats: .jpeg, .jpg, .pdf, .png) may be attached to a ticket. The total attachment size must not exceed 3MB and any one file may not exceed 2MB.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cstrong>Other items of note\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>As the position is worthless, IBKR will only pay the USD 1.00 for all shares or units, regardless of the number (i.e., the position cannot be submitted in multiple lots);\u003C\u002Fli>\u003Cli>This service is not offered for futures contracts;\u003C\u002Fli>\u003Cli>This service is not offered for short positions.\u003C\u002Fli>\u003C\u002Ful>",[1206,1212,1214],{"id":628,"title":629,"feedback_context":1207},{"request_context":1208,"type":1209,"id":628,"faq_id":628,"timestamp":1210,"cir_id":1211},"faq-browser-public,faq-browser-1:Jibotsrv3-efa01af7-376f-4c28-bbe3-d9980a92224a","FAQ_NAVIGATION",1794537443898,"f2e8b172-07c9-42cf-b42d-d11e710ce0d7",{"id":719,"title":720,"feedback_context":1213},{"request_context":1208,"type":1209,"id":719,"faq_id":719,"timestamp":1210,"cir_id":1211},{"id":731,"title":732,"feedback_context":1215},{"request_context":1208,"type":1209,"id":731,"faq_id":731,"timestamp":1210,"cir_id":1211},"\u003Cp>Account holders maintaining a long security position (e.g. stock or bond) that is worthless but has not yet been cancelled by the depository may submit a request to have that security removed from their account via a process referred to as Dollar for Lot.  Here, IBKR will take over the worthless position for a nominal payment of USD 1.00 as consideration…\u003C\u002Fp>",[1218,1231,1239,1247],{"id":1219,"title":1220,"feedback_context":1221,"short_description":1224,"source":1225,"slug":1230},"28227240","How do I transfer my entire account with another U.S. broker to IBKR?",{"request_context":1208,"type":1222,"id":1219,"faq_id":1219,"timestamp":1223,"cir_id":1211},"FAQ_SIMILAR",1794537443928,"\u003Cp>If your U.S. broker is a participant, you may request a transfer of that account to IBKR via a process referred to as ACATS (Automated Customer Account Transfer Service). This process allows for the electronic transfer of securities and cash through the depository with completion of the process taking anywhere between 4 to 8 business days…\u003C\u002Fp>",{"id":1226,"title":1227,"link":1228,"sourceType":1229},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=28227240","FAQ","transfer-entire-account-another-u-28227240",{"id":1232,"title":1233,"feedback_context":1234,"short_description":1235,"source":1236,"slug":1238},"34481277","Will residual balance be converted to base currency upon account closure request?",{"request_context":1208,"type":1222,"id":1232,"faq_id":1232,"timestamp":1223,"cir_id":1211},"\u003Cp>Provided all positions have been closed and an account closure request has been submitted through Client Portal, IBKR will automatically convert Settled Cash balances to base currency, provided the balance held is less than USD 1,000 equivalent.\u003C\u002Fp>\u003Cp>Clients holding currency balances exceeding this threshold will be required to submit closing trades in order to close their currency position before the account closure request will be processed.  …\u003C\u002Fp>",{"id":1226,"title":1227,"link":1237,"sourceType":1229},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=34481277","will-residual-balance-converted-base-34481277",{"id":1240,"title":1241,"feedback_context":1242,"short_description":1243,"source":1244,"slug":1246},"28216424","What is meant by VALUE exchange?",{"request_context":1208,"type":1222,"id":1240,"faq_id":1240,"timestamp":1223,"cir_id":1211},"\u003Cp>Assets listed on the VALUE exchange generally will be non-tradeable assets. If you are holding a long position in such an asset and wish for IBKR to remove the position from your account, please see: \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F28215125\">How do I close a worthless position?\u003C\u002Fa>…\u003C\u002Fp>",{"id":1226,"title":1227,"link":1245,"sourceType":1229},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=28216424","meant-value-exchange-28216424",{"id":1248,"title":1249,"feedback_context":1250,"short_description":1251,"source":1252,"slug":1254},"32666657","Why do I continue to pay borrow fees for delisted stock?",{"request_context":1208,"type":1222,"id":1248,"faq_id":1248,"timestamp":1223,"cir_id":1211},"\u003Cp>IBKR will continue to reflect shares of securities which are no longer listed for trading until the depository removes the shares from our account. In the event an account was holding a short position, this may result in borrow fees being charged to the account for an extended period…\u003C\u002Fp>",{"id":1226,"title":1227,"link":1253,"sourceType":1229},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=32666657","continue-pay-borrow-fees-delisted-32666657",{"request_context":1208,"type":1256,"id":1202,"faq_id":1202,"timestamp":1257,"cir_id":1211},"FAQ_CONTENT",1794537443897,"close-worthless-position-28215125"]