What is CHESS? What is a HIN?
CHESS (Clearing House Electronic Sub-Register System) is the computer system used by the Australian Securities Exchange (ASX), Chi-X Australia (CXA) and National Stock Exchange (NSX) to record shareholdings and manage the settlement of share transactions.
accounts with Marketech will be CHESS sponsored by OpenMarkets Australia. Once your account has been approved, a Holder Identification Number (HIN) will be generated for you and linked to your Marketech account, you will then receive a CHESS statement in the mail confirming that your account is sponsored by OpenMarkets on behalf of Marketech. Your HIN will be used to identify all your share holdings under this account at CHESS and the share registries.
We do not have a custodian system or pooled fund - all our clients trade with their own HIN which means all shares held are in your name.
You can choose to transfer an existing HIN from another
broker, otherwise we will issue you a new HIN when you set up an account which will speed up the process.
There is no limit to the number of HINs that one client can have, so you don't have to transfer an existing HIN. However, if you do elect to transfer an existing HIN from another broker, please be aware that you will not be able to trade on either account (previous broker account or new Marketech account) until the transfer is complete. For this reason, many clients find it more convenient to establish a new HIN and transfer stock from their previous broker HIN to the new HIN at a later stage.
What if my HIN transfer doesn’t work?
Here are a few reasons your HIN/stock transfer request can be rejected or delayed: Electronically signed - your transfer request form must be signed by pen. Incorrect details - check that you have provided us with the correct HIN and broker PID. ...
How do I transfer my HIN or Stock from another broker?
When you complete an online application, you can choose to transfer your HIN from another broker or establish a new HIN with Marketech. Please note that the transfer time varies based on how responsive your current broker is. **For active traders who ...
How do I transfer issuer sponsored holdings to my Marketech account/HIN?
To transfer issuer (SRN) sponsored holdings to your Marketech HIN, simply: Print and complete the attached Issuer Sponsored Holding Transfer Form (the form must be signed by pen). Submit to Marketech at firstname.lastname@example.org Attach copies of your ...
Transferring funds between your accounts
Your banking relationship is direct between you and Macquarie, and as such Marketech don’t have any involvement. As such, all cash transfers can be done by you through your Macquarie online portal. Whilst funds can usually be transferred between ...
Where can I find my registration details (including my HIN)?
Your HIN and other account details can be found as per below: In the portfolio tab, next to your account name, click the A pop up will appear of your accounts. Click the then 'view account details' Your HIN is available under 'Trading Account.'