Resources

How to transfer shares from Issuer to CHESS

What are Issuer sponsored shares and how do I know if I have them?

Shares are Issuer sponsored when they are not sponsored by a broker under a Holder Identification Number (HIN). Instead, they are registered under a Shareholder Reference Number (SRN).

Transferring Issuer sponsored shares from a share registry to your CHESS sponsored Westpac Share trading account has been made simple by our online transfer tool.

Why should I transfer my Issuer shares to Westpac?

The benefits of having all your shares consolidated under your Westpac Share trading account are:

View all your investments through one account.
Ease during tax time as your entire portfolio is captured in a consolidated tax summary.
You only need to remember one login and password and have one customer contact point.

Before proceeding, please ensure the following criteria has been satisfied:

Confirm your shares are Issuer sponsored and have a valid Shareholder Reference Number (SRN)
The Issuer sponsored shares are under the exact same account structure, name, and address as reflected on your Westpac Share Trading account. If your account structure, name and/or address differs even the slightest, your request will be rejected. If this is the case, please update the differing details with the share registry before proceeding. If your account structure is different, please refer to our FAQs on alternate ways of transferring shares.
Your shares must have a minimum marketable value of $500.

How to create a transfer request

Select My Account > Holdings & Accounts and click on the Transfers tab.
Enter SRN details:
- Security code
- Share holder reference Number (SRN)
- Volume (must be whole number)
Once you have ensured all the details are correct, click Proceed. Westpac Share Trading will confirm each shareholding with the relevant share registry/ies before initiating the transfer of your shares. Please note this process can take 1-2 business days to appear in your Westpac Share Trading account.
To verify if the shares have successfully transferred into your account, navigate to My Account > My Portfolio > Holdings & Accounts
Once you see your shares under your portfolio you will notice that the purchase price is shown as $0, in order to update this, select ‘Edit’, the Purchase Price field can then be amended, once you have added the purchase price simply select save.

Examples

Successful SRN transfer

Jane’s Transfer

Jane has 11 WES shares worth $539 and would like to transfer them into her Westpac Share Trading account. First, Jane needs to make sure her name and address listed on her Westpac Share Trading account matches the details on the share registry.

Once logged in to Westpac Share Trading, she navigates to My accounts > Holdings & Accounts > Account details and scrolls down to view the listed CHESS address. Jane can see the name and address details are an identical match and proceeds with submitting the share transfer request online. After 1-2 business days, Jane logs into the share trading website navigates to My Account > Portfolio and can see her 11 WES shares.

Jane’s details with Westpac Share Trading	Jane’s details with the Share Registry
Account type: Individual	Account type: Individual
Account name: MISS JANE APRIL SMITH	Account name: MISS JANE APRIL SMITH
CHESS address: 123 Fake Street Downtown, QLD 4000	CHESS address: 123 Fake Street Downtown, QLD 4000

John’s Transfer

John has 30 BHP shares worth $1,392.90. He logs into Westpac Share Trading to check his details are a match with the share registry and continues to place the online transfer request.

John’s details with Westpac Share Trading	John’s details with the Share Registry
Account type: Individual	Account type: Individual
Account name: MR JOHN BAKER	Account name: MR JOHN BAKER
CHESS address: 56 BAKER AVENUE BAKEVILLE, NSW 2000	CHESS address: 56 BAKER AVENUE BAKEVILLE, NSW 2000

Failed SRN Transfer

David’s Transfer

David has 12 shares of 300 shares of EDV worth $2,049. David fails to recognise that the name and address details held for the EDV shares are mismatching with the details held on his Westpac Share Trading account and proceeds to submit the transfer request.

Westpac Share Trading contact David and advise him his share transfer has been rejected due to mismatching details. David navigates to My accounts > Holdings & Accounts > Account details and can see the discrepancy. David contacts the share registry managing for EDV and gets the details uplifted to match his share trading account.

David then re-attempts the online share transfer request which goes through successfully, after 2 business days, David can see his EDV shares under his portfolio.

David’s details with Westpac Share Trading	David’s details with the Share Registry
Account type: Individual	Account type: Individual
Account name: MR DAVID	Account name: MR JOHN BAKER
CHESS address: 99 WATER STREET WAVELAND, PERTH 6000	CHESS address: 99 WATER STREET WAVELAND, PERTH 6000

Antonio’s Transfer

Antonio wants to transfer his 450 shares of TLS worth $2,092.50. When Antonio does a quick sanity check between the details listed on is Westpac Share Trading account and on share registry. Antonio believes that the name and address match enough and proceeds with submitting an online transfer request.

Westpac Share Trading after receiving the request contact Antonio and advise that the name must match exactly including any middle name and the address although is the same must also match like for like to what is listed with Westpac Share Trading.

Antonio arranges with the share registry to amend his name to ‘ANTONIO JIMMY BALL’ and his address to ‘4 JUMP STREET HIGHVILLE, VIC 3000’. Antonio then re-submits the online transfer and this time it goes through successfully, after 2 business days Antonio can see his TLS shares under his portfolio.

Tony’s details with Westpac Share Trading	Tony’s details with the Share Registry
Account type: Individual	Account type: Individual
Account name: MR ANTONIO JIMMY BALL	Account name: TONY BALL
CHESS address: 4 JUMP STREET HIGHVILLE, VIC 3000	CHESS address: 4 JUMP ST HIGH VILLE, VIC 3000

*Any securities used in the examples on this website are for illustrative purposes only and should not be considered as a recommendation to buy, sell or hold.

This information is intended to provide information for educational purposes only and is subject to change at anytime without notice.

Westpac Online Banking

Important Information

Financial Services Guides

Market Data Provider Disclosure

This site has been produced by Australian Investment Exchange Limited (AUSIEX) ABN 71 076 515 930 AFSL 241400 and is directed and available to and for the benefit of Australian residents only. Share trading through this website is a service provided through Westpac Securities Limited ABN 39 087 924 221 AFSL 233723 by AUSIEX, a Market Participant of ASX Limited and Cboe Australia Pty Ltd, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this website does not take into account your personal objectives, financial situation or needs. Because of this, you should consider its appropriateness, having regard to these factors before acting on it.