In this article we cover following topics:
Why is my position marked as 'delisted'?
When a company is delisted from an exchange, shares of that company are no longer traded on that particular exchange. This can happen by choice when the company decides to go private for example, or involuntarily if the company doesn't meet the exchange filing requirements or the per-share value drops below the exchange minimum, for instance.
When you hold a delisted stock, the word Delisted will be added to the stock name in your portfolio.
How to remove a worthless security from my portfolio?
Since holding delisted shares is sometimes not a desirable situation, Saxo can provide some assistance in most cases.
If you hold a delisted position and would like to remove it from your portfolio (which may also be called write-off), this is where you can submit your request:
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SaxoTrader: click
> Request Account services > Remove my delisted positions
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SaxoInvestor: click
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SaxoTrader desktop: click
Read before you submit your request
- There may be situations where removal is not possible due to reasons beyond Saxo’s control.
- We offer to transfer the ownership of delisted securities to Saxo at zero value. The position is worthless (0 value) even if it appears to have some value. The position's value is calculated using the last traded price, but this is not the real value, as it can no longer be traded.
- The cost of this service is EUR 50 per ISIN.
- A separate request is required for each position you want to remove if you have more than one.
- It takes around 2 weeks for Saxo to complete the transaction.