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 for ASX holdings. If you require the additional option of opening an account with a Custodian ownership model, you can contact our customer service team at support@au.moomoo.com or by going to Me > Customer Service in the app.