What is a CDI?

[Cookie]

XO and AJ Bell seem to offer CDIs instead of US shares

Is there any upside or downside that should be aware of?

I have been told by the platforms there is a Market Side Charge, a charge by the provider for offering the CDI. Does this make them more expensive?

What platforms allow you to hold the actual shares?

Thanks

[Pastcaring]

I would think it would mean a foreign company trading on your local exchange

In Australia CDI is chess ( crest? ) depository instruments.

Companies I have are Unibail Rodamco,they took over Westfield and trade on the A S X as a CDI ( foreign company).

News Corp which is the shell of Murdoch' s very large company now being broken up.Now registered in Idaho for the very weak regulation there.

Clydesdale bank ( CYBG).Given away by NAB. ( National Australia bank) to shareholders at 1. CYBG share for every 4 NAB shares They pay my dividends in £ s which are converted to A$.They coughed up on 15 Feb,got the dividend statement on Thursday,money paid into my bank account.

Some US mining companies traded as CDI s,Alcoa being a large one.

Some of the large Australian companies trade as ADR s on US exchanges,or they did,I think listing costs etc forced them to take out U S shareholders as turnover was virtually nil so liquidity was not needed and expensive.

There are no costs at all for CDI s on Australian exchanges.
My guess would be Crest depository instruments.

Seems they charge for everything in the UK,free in Australia.

Shares can be bought directly in US companies from Australia using online brokers here,I think compliance costs are around A$100 per year,and brokerage runs around 0.5% rather than 0.11% for local trades,and the US tax forms need to be filled in every 3 years for the 15% withholding tax for the IRS.

You could always Google what a UK CDI is.

[Pastcaring]

CHESS, just means clearing house electronic sub register system.Things are settled in 2 days ( T + 2 ).

I would think CREST is just another silly acronym for the same thing as CHESS.

Silly acronyms rule,KO.

[BobbyD]

Crest Depository Interest.

It's effectively a little sugar coating to allow foreign shares to be treated largely like domestic ones.

[richfool]

I believe long ago, my broker told me there was a CDI for Nestle, but I never found what the ticker was, so let it drop. I did ask the question on TMF boards a couple of years back, but got no answer. Does anyone know of one?

[Alaric]

Does anyone know of one?

Try 0QR4 priced in CHF

https://www.marketwatch.com/investing/s ... trycode=uk
https://www.londonstockexchange.com/exc ... HFEQS.html