From my previous experience, the following steps are required for the conversion
1. to ask your broker to convert chess cdi to issuer sponsored cdi
2. to send issuer sponsored cdi to the AU Computer shares in Melbourne for cdi cancellation.
3. The AU Computer shares will then send your cdi cancellation to the US Computer shares either to issue DRS certificate to your address or DTC transfer to your broker. From my understanding, it is very difficult to arrange converted sezl shares to be delivered to your Australian broker. Anyone knows which broker can accept DTC transfer of converted sezl shares? Alternatively DRS certificate or advice will be mailed to you which will take fours. I believe Commsec and E broking do not accept DRS advice. Prestonian has more experience on this. Can Prestonian share his experience with us?
Please correct me if I am wrong?
Many thanks
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