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CHESS-sponsored investing on Stake

Stake is proudly a CHESS-sponsored broker, allowing users to own shares under their own HIN. Learn more about the CHESS system here.

Stake ensures that the ASX shares you own are in your name. Each investor is given their own Holder Identification Number (HIN) by our sponsoring broker Finclear. Every position in your portfolio is then attributed to this HIN. This is achieved through the Clearing House Electronic Subregister System (CHESS), which was developed and is maintained by the Australian Securities Exchange (ASX).

The CHESS system facilitates trades, settles funds following buys and sells and transfers legal ownership. Most importantly for our investors, CHESS-sponsored brokers like Stake allow positions to be held in an individual’s name.

The main benefit of the CHESS-sponsored system is security giving you direct access to your shares. Other brokers may hold shares on their own balance sheet and only attribute rights to a position, rather than full ownership. This is known as a custodian model and means shares are not immediately attributable to an owner. Should custodian brokers face the risk of an unlikely shutdown, there may be delays before shares are returned to owners.

There have been a number of well-known failures of Australian custodian brokers where investors either went through significant anxiety and in some cases only received a small amount of their investments.  Such examples were MF Global (Man Financial), Opes Prime and more recently with Halifax.

When trading under a HIN, you are protected from this and you can seamlessly move portfolios from one broker offering CHESS sponsorship to another.   Read more about portfolio transfers here.

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Terms & Conditions.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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