CHESS (Clearing House Electronic Subregister System) is the official settlement and registration system of the Australian Stock Exchange(ASX) which facilitates the clearing and settlement of trades in shares and provides an electronic subregister for shares in listed companies.
CHESS-sponsored ownership means all ASX shareholdings are directly registered under your name with CHESS.
Starting from 8 April 2024, new accounts opened with Moomoo AU will default to the CHESS-sponsored ownership model. If you require the additional option of opening a Custodian ownership model account, you can contact moomoo's customer service through the client interface or the official website.