Shares held with Selfwealth are CHESS-sponsored. This means your holdings are registered with the ASX in
your name as the legal and beneficial owner, and your holdings are protected if any issues arise with your
broker or CHESS sponsor.
What is CHESS sponsorship?
CHESS (Clearing House Electronic Subregister System) is the ASX system that records share ownership in
Australia. When your shares are CHESS-sponsored, you are recognised as the direct legal owner, your
holdings aren't held in a third party's name on your behalf.
Who is Selfwealth's CHESS sponsor?
Selfwealth's market participant and CHESS sponsor is FNZ Custodians (Australia) Pty Ltd. Your account will
be sponsored by FNZ Custodians (Australia) on Selfwealth's behalf.
Once your account is approved, a Holder Identification Number (HIN) will be generated and linked to your
account. You'll then receive a CHESS statement in the mail confirming your sponsorship.
Please note: if you have 'issuer sponsored' holdings (i.e. shares that aren't broker/CHESS-sponsored and attached to a HIN), these shares will need to be transferred to your HIN before they can be sold or listed in your Selfwealth account.
What is a HIN?
A HIN is a unique number that identifies you as a CHESS-sponsored holder on the ASX. It travels with you
regardless of which broker you use, so your holdings are always traceable back to you.