Trading & investing on the ASX


What is CHESS?

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

CHESS is operated by the ASX Settlement Pty Limited (ASX Settlement), a wholly owned subsidiary of the ASX.

ASX Settlement authorises participants such as brokers, custodians, institutional investors, settlement agents and so

on to access CHESS and settle trades made by themselves or on behalf of their clients. 

CHESS performs two main functions:

  • Facilitates the clearing and settlement of trades on shares via transfer of title and funds (Delivery versus Payment)
  • Provides an electronic sub-register for shares in listed companies. 
  • ASX trading on Stake is CHESS sponsored meaning that you directly own the shares you purchase through the Stake platform, and ownership of the shares are recorded on the CHESS sub-register.

    This means that when you buy or sell shares with Stake, the ASX has a direct record of when you complete these transactions - this enables you to have more control and security over your holdings.

    All CHESS-sponsored accounts will be generated a Holder Identification Number (HIN) to verify your holdings are recorded with CHESS/ASX.

    Please refer here for more information about HINs.

    CHESS HOLDING STATEMENTS

    When you trade on the ASX, you will receive a statement to advise you of the movement of the shares on your HIN.

    CHESS Holding Statements are sent out by the share registry in the mail approximately mid-month the following month after your trade executes.

    To opt-in for ASX electronic CHESS statements directly through Stake platform, please complete the following steps:

    Select the person icon (bottom right) > Settings > ASX letters > Select 'Email' > Done!

    If you're accessing Stake from the website, click the person icon (top right) > Settings > ASX registry letters > Select 'Email' > Save.

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