If you are getting confused about all the paper work you are receiving from your broker and CHESS, then this section will seek to explain all the documentation you obtain and their purpose in graphic form.

SEATS stand for the Stock Exchange Automated Trading System and is used by your broker to enter your requests to either buy or sell securities. In order to complete your transaction, your stockbroker will input the order into this system via a computer detailing the: Financial Product Code Quantity Price Buy or Sell request SEATS [...]

In order for you to have your issuer sponsored shares placed on CHESS you must contact your broker indicating that you want to convert these shares. The broker must have consent to act on your behalf before they can convert your issuer sponsor holdings. Once you have been allocated a HIN, your can then broker [...]

In order to become CHESS sponsored, a broker-client sponsorship agreement must be in place. The following process outlines how this occurs: Ring up the selected broker of your choice (Refer our Brokers Guide for a list) and ask them to open a new account for you. Usually, they will get your information over the phone [...]

To understand which sponsor is best for you, it is easier to outline the key similarities and differences between them. We believe CHESS sponsorship is superior simply because it makes it so much easier for you to have your personal information updated and you holdings information easily accessed. Check with your financial planner firstly who [...]