Where are my international shares held?
CommSec has appointed Interactive Brokers LLC (IBLLC) as its sub-custodian/ International Custodian. IBLLC may engage the services of other custodians depending on the country in which the assets are held.
What does this mean?
This means that CommSec is providing you with a nominee and custody service and is your counterparty under the International Shares Terms and Conditions.
When you purchase international shares through CommSec, your assets are segregated in the name of CommSec Custodial Nominees Pty Limited, and our International Custodian (Interactive Brokers LLC) is the legal owner. However, you retain the beneficial ownership of all the assets in your account.
We're here to help
To find out more about where your international shares are held, please contact our International Desk on 1300 361 170 or +61 2 9115 1531 if calling from outside Australia (open 24 hours, U.S. trading days).
