You can become a CHESS shareholder by finding a stockbroker who sponsors the company. These stockbrokers will manage all of your holdings and allocate you a unique Holder Identification Number (HIN). You will then need to mail this number to yourself and protect it as you would your bank account. There are some important things to know about CHESS. Read on to find out more. It can be a lot of fun!

Many brokers offer CHESS sponsorship. You can choose between self-directed online trading and a brokerage platform. The difference between the two is in the features and costs. You may pay a slight brokerage premium for CHESS sponsored shares, but they offer additional features and lower fees than big 4 banks. If you are looking for a simple way to diversify your portfolio without spending time on research, you may want to choose a single ASX-listed diversified exchange traded fund.

Shares in a company that is sponsored by CHESS are registered with a participating stock lending. They are registered directly with the broker. This direct ownership means you can directly vote and receive dividends from your shares. This means that you can be confident that your money is safe. It is also faster and easier than ever to make trades with CHESS sponsored shares. A CHESS sponsored share is not a risky investment.