The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
How do I transfer Issuer Sponsored shares to nabtrade?
It’s easy to convert your existing Issuer Sponsored shares onto your nabtrade HIN. You can complete this process online.
Transfer steps
- Log in to nabtrade using your User ID and Password.
- Navigate to Admin > Permissions.
- Click on the Apply link next to Issuer Sponsored Conversion.
Alternatively, complete the Issuer to CHESS conversion form and email it to forms@nabtrade.com.au.
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 admin pages of the website. Once all account holders have authorised the request it will be submitted electronically to the ASX
- You have no open orders for the shares you are transferring.
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