Issuer Sponsored shares vs Broker Sponsored shares
The way you transfer your shares will depend on how your shares are Sponsored.
As a shareholder, you can choose to register the legal title to your shares on either the:
- CHESS sub-register - managed by the ASX via a Sponsoring Broker eg nabtrade, or
- Issuer Sponsored sub-register - maintained by the company who issued the shares. Most companies engage a share registry to administer the sub-register on their behalf eg Computershare or Link Market Services.
You can find out how your shares are held from the reference number on the top right corner of your latest holding or dividend statement.
- If the reference number on your statement begins with an ‘I’ this is a Shareholder Reference Number (SRN) which means your shares are Issuer Sponsored.
You will have a unique SRN for each Issuer Sponsored holding.
- If it begins with an ‘X’ you have a Holder Identification Number (HIN) and the ownership of your shares is registered electronically with CHESS by a Sponsoring Broker. Your unique HIN can register multiple securities.
Still need help? Email enquiries@nabtrade.com.au | Call 13 13 80
Convert holdings from Issuer Sponsored to Broker (CHESS) Sponsored
It’s easy to convert your existing Issuer Sponsored shares onto your nabtrade HIN. You can complete this process online.
Transfer steps
- Log into nabtrade using your customer number and password
- Hover over the Admin tab from the main navigation bar and select Permissions
- Click on the Apply link next to Issuer Sponsored Conversion
Submitting this request authorises nabtrade’s Sponsoring Broker, WealthHub Securities, to convert and register your shares with us.
Things to know
So your conversion can be actioned quickly, please make sure:
- the CHESS name and address details on your nabtrade account exactly match the details held at the share registry.
- all account holders authorise the request with their signature. Your trading PIN is your electronic signature when submitting the request online. Any additional account holders will need to authorise by completing the ‘Outstanding Action’ on the administration pages of the website. Once all account holders have authorised the request will be submitted electronically to the ASX.
- you have no open orders for the shares you are transferring.
Transferring Broker Sponsored shares to nabtrade
To transfer your existing shares from another broker to your nabtrade account, simply follow the steps below.
Transfer steps
- Log into nabtrade using your customer number and password
- Hover over the Admin tab from the main navigation bar and select Permissions
- Click on the Apply link next to Broker Sponsored Transfer and follow the onscreen prompts
- After pressing the ‘Submit’ button, print the form (PDF) and complete any outstanding information
- Send the form to us at enquiries@nabtrade.com.au or via mail to: nabtrade, GPO Box 4545, Melbourne VIC 3001
(!) Please note, we cannot finalise the transfer until we receive your completed form and relevant supporting documents.
Things to know
So we can process your transfer quickly, please make sure:
- you print the print the pdf form after pressing the ‘submit’ button, and post the form to us
- the name and address details listed on your nabtrade account are the same as the details held with the current Sponsoring Broker. If these are not the same, your request may be delayed or rejected
- all account holders sign the transfer form
- lines are drawn through any mistakes on the form and initialled by all signatories on the account
- you have no open orders for the shares you are transferring
- you include your latest CHESS Holding Statement with your request.
Transferring shares to your margin loan with NAB Equity Lending
If your nabtrade account is funded by a NAB Equity Lending margin loan, you must transfer your holdings to National Margin Services, NAB Equity Lending’s participating broker.
To do this, download, complete, and return the NAB Equity Lending Security/managed fund transfer instruction via email to equity.lending@nab.com.au
Or via post to:
NAB Equity Lending
PO Box 5350
Melbourne Vic 3001