Close Menu
JustwebworldJustwebworld
  • Astrology
  • Business & Finance
    • Cryptocurrency
    • Make Money
    • Entrepreneur
    • Brands
    • Companies
    • Personal Finance
      • Banking
      • Insurance
      • Trading and Investing
  • Tech
    • Computing
    • Cybersecurity
    • Electronics
    • Android
    • Apple
    • Gadgets
    • Social Media
    • Mobile Apps
    • Softwares
  • Education
    • Vocabulary
    • Abbreviations
    • General Knowledge
    • Writing & Translation
  • Lifestyle
    • Beauty & Cosmetics
    • Fashion & Style
    • Furniture & Decor
    • Luxury
    • People & Relationships
    • Pets and Animals
    • Shopping
    • Parenting
    • Gardening
    • Birthdays
  • Health
  • Travel
  • Auto
  • Gaming
  • Food
  • Entertainment
  • Sports
Facebook X (Twitter) Instagram
Saturday, May 24
  • About
  • Contact Us
  • Advertise With Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
JustwebworldJustwebworld
  • Astrology
  • Business & Finance
    • Cryptocurrency
    • Make Money
    • Entrepreneur
    • Brands
    • Companies
    • Personal Finance
      • Banking
      • Insurance
      • Trading and Investing
  • Tech
    • Computing
    • Cybersecurity
    • Electronics
    • Android
    • Apple
    • Gadgets
    • Social Media
    • Mobile Apps
    • Softwares
  • Education
    • Vocabulary
    • Abbreviations
    • General Knowledge
    • Writing & Translation
  • Lifestyle
    • Beauty & Cosmetics
    • Fashion & Style
    • Furniture & Decor
    • Luxury
    • People & Relationships
    • Pets and Animals
    • Shopping
    • Parenting
    • Gardening
    • Birthdays
  • Health
  • Travel
  • Auto
  • Gaming
  • Food
  • Entertainment
  • Sports
JustwebworldJustwebworld
Home»Business & Finance»Personal Finance»Trading and Investing»How to Sell Your Shares If They Are CHESS Sponsored

How to Sell Your Shares If They Are CHESS Sponsored

Michael AustinBy Michael Austin Trading and Investing
Facebook Twitter LinkedIn Telegram Pinterest Reddit Email WhatsApp
Follow Us
WhatsApp Telegram
Share
Facebook Twitter LinkedIn Pinterest Reddit Telegram WhatsApp

Shares in Australia will be held as CHESS sponsored or Issuer sponsored. Those who have shares that are in an account with a stockbroker or in an online share trading account will be CHESS sponsored. This stands for Clearing House Electronic Subregister System.

Table of Contents

Toggle
  • Sell CHESS Sponsored / HIN Shares
    • Can You Sell the Shares?
    • Save Time Working with a Professional
    • Multiple Stock Broking Account
    • Concluding Lines

Sell CHESS Sponsored / HIN Shares

How to Sell Your Shares

This is used by the Australian Securities Exchange (ASX) to record shareholdings, and they are identified with a Holder Identification Number (HIN). Those who have CHESS shares may find that they want to sell some of those shares.

Can You Sell the Shares?

When shares are held by another stockbroker, you might not know exactly which stockbroker is the sponsor. In some cases, you might have inherited the shares. Other times, they might have been bought long ago, and you simply aren’t sure who the sponsor is.

This can often make it difficult to sell these shares, but it is not impossible. Companies that can help you sell shares online can find and use the HIN as a means to get the information that’s needed to sell the shares.

Sellers will find that the process for selling CHESS shares is not much different from Issuer shares. One of the only differences is that it tends to take longer to locate the HIN, and there are further steps that the company needs to complete. Additionally, the broker that sponsors the shares needs to release the securities before they can be sold.

A question that people often ask is just how long this process takes. The truth is that it will vary from case to case because it is impossible to determine how long the sponsors will take to respond. Most of the time, the sale of the shares can be completed within a few weeks at most.

Also Read: What Can You Learn From LAT Free Trading Workshops? What Can You Learn From LAT Free Trading Workshops?

Save Time Working with a Professional

While you might be able to track down all of the information that you need on your own, it will take time that you might not want to spend. You have plenty of other things to keep you busy and running down your HIN and shares is not often included in those plans.

It’s a good idea to consider the benefits of working with a professional to handle the issues for you. Of course, you need to be sure you are entrusting your information to a company that has the ability and experience to get these shares sold for you.

Multiple Stock Broking Account

Chess sponsored shares are those shares which you have in account of stockbroker, or you have them in online trading account. This cannot be called as a latest game of chess rather it is an acronym for clearing house electronic sub register system.

You will have a unique 10 digit number which will start with X. And it is called a HIN i.e. holder identification number. Your all the shares will be registered in this stock broking account which is connected with the HIN.

Plus, one of the merits of this is that you can have more than one stockbroking account, also there will be different brokers and you will also have one HIN for each account that you hold. And the merits are that you can buy and sell them.

Concluding Lines

There are many customers that approach the people so that their shares can be sold which are sponsored by another stock broker. And it is held in HIN. In many cases, it has been found that the customer is not aware which stockbroker is the sponsor of the shares.

Also Read: 5 Reasons Why Entrepreneurs Should Start Investing 5 Reasons Why Entrepreneurs Should Start Investing

And the reason for the same is that they were acquired some time ago in the past. Inherited or the assets are a part of the deceased estate. So, we can finally conclude that regarding the shares that are issuer or chess sponsored – there are two things that you should keep in mind.

Firstly, if at share registry you have your shares you will most probably have a security reference number SRN which is 7 to 10 digit that starts with the letter, ‘l’ then it can be sold.

Secondly, if your shares are chess sponsored, and that too by another stock broker, you will have a holder identification number i.e. HIN. It is a 10 digit number and it starts with the letter, ‘X’, then it can be sold.

You might like.

  1. How To Succeed As a Day Trader?
  2. The Ultimate Guide to SIP Investments.
  3. Angel iTrade Prime Plan – ZERO Brokerage Plan.

Follow on WhatsApp Follow on Telegram
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleBenefits Of Live Fish Food for Your Freshwater Fish
Next Article Fruits That Start With F
Michael Austin
  • Website
  • Facebook
  • X (Twitter)
  • Pinterest
  • Instagram
  • LinkedIn

Michael Austin is an expert writer who loves creating engaging and easy-to-understand content. With years of experience, he specializes in writing well-researched articles that inform, inspire, and entertain readers. His clear and simple writing style makes complex topics easy to grasp. Whether it's trending news, helpful guides, or expert insights, Michael’s content is designed to be valuable and SEO-friendly, ensuring it reaches the right audience. Stay connected for his latest articles!

Related Posts

What Should Investors Do When the Market Is Down Today?

Top 8 Stock Brokers In India: Features and Pricing for 2025

Learn Stock Market: Essential Knowledge for New Investors

Stock Market Mastery: Proven Techniques to Boost Your Portfolio

Future Tech: Key Semiconductor Stocks Driving Innovation

How to Start Day Trading With US Stock From India?

Leave A Reply

Categories
Archives

Seeing 808 Everywhere? Angel Number 808 Meaning, Love, Career & Destiny Explained

FC Goa: Indian Super League Powerhouse | Players, Records & Titles

Tesla Model Y 2025 Review: Price, Range, Specs & Features | America’s Top Electric SUV

Sasha Montenegro: Mexican Cinema Icon | Biography, Movies, Husband, Life & Legacy

The Price of Keeping Financial Secrets in a Marriage

Latest Anime Saga Codes (May 2025) – Redeem Free Rewards | Before They Expire!

Jose Alvarado NBA 2025: Inspiring Journey, Impressive Stats, Big Contract & Puerto Rico Pride

Who is Hazel Brugger? Top Swiss Comedian, Eurovision Host & Comedy Queen of Europe

Luke Kornet Full Player Profile | Age, Height, Net Worth, Career Stats 2025

Who Is Brent Faiyaz? Age, Songs, Albums, Net Worth & Tour 2025

DMCA.com Protection Status
Quick Links
Age Calculator
Angel Number Calculator
Case Converter
Sudoku Online
Word Counter
Love Calculator
Useful Links
Number to Words
Period Calculator
Yes-No Picker Wheel
Demon Name Generator
Kingdom Name Generator
Harry Potter Name Generator
Helpful Resources
Colors Name In English
Best Computer Brands
WhatsApp Web
Most Beautiful Beaches
Tesla Cybertruck Review
Richest Actors in the World
Explore More
Good Morning Handsome
Best English Songs of All Time
Cricket World Cup Winners
Ways to Say Rest In Peace
Britain’s Got Talent Winners
American Idol Winners
Facebook X (Twitter) Instagram Pinterest YouTube Tumblr LinkedIn WhatsApp Telegram Threads RSS
  • About
  • Contact Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Web Stories
Copyright © 2012-2025. JustWebWorld - All Rights Reserved. | Sitemap

Type above and press Enter to search. Press Esc to cancel.

×

👇 Bonus Reads for You 🎁

Intrafund Review
Intrafund.com Review Explores the Broker’s Versatile Trading World
Best Technical Analysis Courses for Yourself
How to Choose the Best Technical Analysis Courses for Yourself?
Tips To Reduce Commissions While Trading
Tips To Reduce Commissions While Trading
Best Mutual Funds to Invest In 2021
What Are the Best Mutual Funds to Invest In 2021?