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DictionarySeechessClearing House Electronic Subregister System
Clearing House Electronic Subregister System (CHESS)CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange (ASX) listed securities.Clearing House Electronic Subregister SystemAn electronic system that settles transactions made on the Australian Securities Exchange. Under Australian corporate law, all equity securities must be held and settled through CHESS. It is operated by the ASX Settlement and Transfer Corporation Pty Limited.AcronymsSeeCHESS |