Benefits for issuers
CHESS makes the management of securities registers easy. It provides a fully integrated way of supporting investors and capital raising exercises.
Seamless access for investors
CHESS supports both name-on-register and nominee holding models, providing seamless access by retail and institutional investors. CHESS is also fully integrated with issuer-sponsored subregisters to allow real-time reporting.
Securities are fully dematerialised and held electronically, enabling easy reconciliation of the register and removing the need for paper certificates.
More cost-effective administration
Holding statements are sent out on behalf of issuers by ASX, and changes to investors’ personal details are handled centrally.