What is CHESS?

The Clearing House Electronic Subregister System (CHESS) is the computer system developed by the ASX to manage the settlement of share transactions and to record the ownership of shareholdings on its sub-register.

CHESS has two main functions:

  • Facilitating the clearing and settlement of trades on shares via transfer of title and funds 

  • Providing an electronic sub-register for shares in ASX-listed companies 

All ASX trades on Stake are CHESS-sponsored, which means the shares you buy, sell and hold through the Stake platform are registered directly with the ASX under your name and unique Holder Identifier Number (HIN).

When you sign up for a Stake AUS trading account, you’ll be automatically provided with a unique HIN.

You can learn more about CHESS and how it works here

CHESS Holding Statements

The ASX and issuers will send you notices when you register or trade. These CHESS Holding Statements are sent out by the share registry at the end of the month when you buy a security or if there is a change to a security you hold. If multiple securities change (bought, sold), you’ll receive individual CHESS Holding Statements for each security.

You have the option to receive these statements electronically rather than in the mail. Simply head to More > Settings > ASX letters (or ‘ASX registry letters’ if you’re on a desktop) > Email. 

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