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Benefits for brokers

CHESS reduces the risk to brokers of facilitating settlement. It also enables them to provide a value-add service to their customers without additional system development.

Reduced risk

CHESS reduces the risk to brokers of facilitating settlement.  It does this by expediting both the movement of securities in preparation for settlement and the timely allocation of shares to client accounts post settlement.

Added value

CHESS also enables them to provide a value-add service to investors by managing all of an investor's shareholdings in a single account.

No additional system development

Because registration is held within the CHESS system, brokers can also facilitate settlement and provide a value-add service to investors by managing all of an investor's shareholdings in a single account without any additional system development.