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.
To trade through Suncorp Share Trade, you must authorise CMC Markets as your Chess Sponsor. For more information regarding CHESS, speak to one of our client service representatives on 13 11 75 or visit the ASX home page.