CHESS stands for Clearing House Electronic Sub-register System.

Instead of issuing a physical share certificate, CHESS records an account's share ownership via the ASX's computer-based share and settlement transaction system. An account's security holding are recorded against their HIN and a statement is sent out to their registered address.

CHESS requires you to be sponsored by an authorised participant to use their system. To trade through Suncorp Share Trade, you must authorise CMC Markets as your Chess Sponsor.

For more information regarding CHESS, contact us  to speak to one of our client service representatives or visit the ASX home page .