CDI equals CHESS Depository Instrument -- the instrument is held...

CDI equals CHESS Depository Instrument -- the instrument is held by a subsidiary of the ASX on behalf of the holder. CHESS stands for "Clearing House Electronic Subregister System" and is the computer system used by the ASX to manage the settlement of share transactions and to record shareholdings.

In the USA the instruments are called ADRs (eg, look up "BHP ADR" on NYSE). American Depository Receipts (ADRs) offer US investors a means to gain investment exposure to non-US stocks (eg, BHP in Australia without the complexities of dealing in foreign stock markets).


Not advice -- just trying to be helpful.