Hi,
China Petroleum & Chemical Corp - ADR was delisted. Reading IG help for these kinds of cases I found:
"If you have an open position on a stock that delists, we’ll close your position at a level of zero and typically open a new position – called a ‘proceeds line’ – on your behalf which is untradeable, has no price and brings no value to your account. Once the company confirms there is no return to shareholders, which can take years"
But this is not what happened. I can still see my stocks on my positions tab b ut I can't operate. Reading on the web I understood I'll neet to operate (If I want ) in Over the counter market but I guess to do this I'd first need to transfer to a OTC account as is not possible through Ig.
Am I right? Anyone know how to operate these cases?
Thanks. BR
