@MTL_HABS1909
if RBC has credited Hock, and not you, that’s weird, and potential mistake or problem. whether your shares are lent or not should not matter. you should see the split share proceeds (corporate action position adjustment) in your account balance ...whether it’s a placeholder until the brokerage receives the allocation from the depository, or the actual shares, your account needs to remain equity neutral with the market...
in other words, when monday opens
you need either
1) the additional 4 shares per old share
2) 4 fake/contra shares, valued at the mkt price of tsla, in lieu of the final shares
3) fake equity (accrual) of the expected value of the 4 extra shares
so that when the mkt price opens at 440 or whatever, you don’t see your net liq value drop off a cliff and acct subject to liquidation or margin (for those using margin or deficient due to other account positions)
i can’t comment as to RBC’s operational procedure, but generally it should be something of the above
for example, IB does #1 for us and canadian customers, even though they won’t receive, as a firm, the allocated split shares for all its customers until DTCC credits them (could be later monday, maybe tuesday, etc). point is, the customers are correct and in balance with the market in the meantime
