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CHESS sponsored question regarding brokers

Discussion in 'Brokers' started by shyguy, May 24, 2011.

  1. shyguy

    shyguy

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    Hi,

    2 questions:

    1 - with commsec my understanding is you are CHESS sponsored... with Belldirect you are issuer sponsored (registered in CHESS by your CHESS sponsor - belldirect)... is this correct? how does this differ? pros cons? if belldirect was to go bust then do they take your HELD shares with them?

    2 - i have been assigned a different HIN (holder identification number) for each... is that correct?
     
  2. titl4

    titl4

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    This link provides info on the differences between issuer sponsored and broker sponsored - http://tinyurl.com/3ms9btg . I believe Commsec and Bell Direct have much the same CHESS sponsorship arrangements.

    Yes
     
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