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CHESS vs custodial model
ausWhat is the difference between the CHESS model and the custodial model?
When you buy shares from a custodian platform, they’re held on your behalf under the investment platform’s name and HIN. This comes with cost savings for the company.
For all intents and purposes you still ‘own’ these shares, even if via a third party. But in the event of a custodian platform going under, this level of ownership becomes tricky and potential losses, or delays in claiming your shares, can occur.
As Stake is CHESS-sponsored, this means all shareholdings are directly registered under your name with the ASX. It’s the most assuring way to invest.
Learn more about CHESS sponsorship and how it relates to share ownership here.
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