Att ComSec Ake holders, page-104

minerva,

"When you apply for a Commsec internation trading account you automatically get the clearing house account which typically will give access to international shares in a range of countries and exchanges."

I found out that the so called international shares that we can buy and sell from most brokers in Australia are not the shares proper. They are depositary notes or receipts of international shares. They are derivative products.

International shares that are made available to buy and sell through ASX (CHESS) are called CHESS Depositary Interest (CDI).

I think that misunderstanding, created by brokers saying we can buy and sell international shares, is the cause of the confusion concerning international trading.