How does TBanque respond to a spin-off?
The way TBanque usually deals with spin-offs is by issuing dividends (i.e. a cash equivalent).
Your account may be either credited or debited if you are trading the relevant stock:
- If you hold a BUY position, you will receive the payment in your available balance.
- If you hold a SELL position, we will deduct the payment from your available balance.
The payment can be seen on your portfolio’s history page immediately after it is made, or the following day on your account statement.
