Holding Share Certificates

Discussion in 'Stocks & Derivatives' started by BuggedOut, Mar 3, 2020.

  1. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I have some gold mining shares on one of the Big 4 banks share trading platforms but I don't really trust them to hold them on my behalf if things start to go really bad. Does anyone here hold their actual share certificates and/or have experience in getting hold of them? If so, what needs to be done?
     
  2. Silverling

    Silverling Well-Known Member Silver Stacker

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    If you already have CHESS statements from the ASX then they are already in your name. Your bank is only the broker, not the owner. There are no separate share certificates anymore unless someone has been holding them from years before CHESS. The only other way to hold them is Issuer Sponsored which is held by the company who issued the shares.

    Here is more info on CHESS: https://www.asx.com.au/documents/research/chess_brochure.pdf
     
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