A stock or ETF in your portfolio has undergone a corporate action such as a (reverse) split or spin-off?
Here you can find out how this happens at getquin.
(Reverse-)Splits
There are 2 possible variants.
Variant 1: getquin has the split in the database.
In this case, if you have held the shares before the ex-date, the (reverse) split and the price adjustment in your portfolio will be done automatically.
So there is nothing for you to do except wait and see.
Variant 2: getquin does not have the split in the database
Since we get the information about a split from an external service provider, it sometimes happens that we can not automatically perform every split.
If this is the case with you, then write us a short message with the ISIN and the information about the (reverse) split and our colleagues will add it to the database.
As soon as the split is entered, everything is done again, as with variant 1.
Spin-Offs
Spin-Offs of your shares can be partially automated with us.
However, this depends on your chosen import.
Open Banking:
If your portfolio is linked to Open Banking, the shares from the spin-off will be booked automatically as soon as we receive the data. So there is nothing for you to do here!
Manual, PDF or CSV import:
If you use one of these import options, you will have to enter the new shares in your portfolio yourself via a manual transaction.
For this you can use the option "Rewards".
FAQ
A split in the past is missing or has the wrong split ratio. What can I do?
In that case, please send us a message with the ISIN and the wrong or missing split date. Our team will then look into the matter and make corrections.
My Open Banking automatically sold my split shares and later bought them again.
There are 2 possible scenarios here, both of which have the same solution.
Scenario 1:
The split was executed and the new shares were sold. A few days later they were added again by Open Banking.At this point our system executed the split correctly, but your broker did not distribute the shares fast enough. Accordingly, the difference was sold first and added later, i.e. after the distribution at the broker.The Solution: Please delete the sale transaction and the subsequent purchase in your transaction list.
Scenario 2:
On the day of the split, first a purchase was booked, then the split was carried out and subsequently you had too many shares, which were then sold.In this case, your broker performed the split, but our system was not yet ready. Therefore, the new shares were registered as a purchase and then the split was performed. After that, according to the information from the broker, you had too many shares and a sale was generated.
The solution: In the transaction list you only need to delete the erroneous purchase on the split day and the subsequent sale.