Absolutely! For every CHESS-sponsored account you create, there is a new Holder Identification Number (HIN) that is generated for that particular account.
For example, if you open an Individual account and a Company account within Stake to trade on the ASX, each of these accounts will be allocated their own HIN to register the shareholdings directly with the ASX.
The HIN generated for the Individual account is used to identify that the shares purchased in that account belongs to MR JOHN SMITH, whereas the HIN generated for the Company account is used to identify that the shares purchased via that account belongs to ABC PTY LTD.
If you have CHESS-sponsored accounts with other brokers, those accounts would also have their own HIN.
When transferring shares between accounts that are registered in the same name but between two different brokers, you have the ability to transfer the shares alone or transfer the shares with the HIN.
If you opt to transfer the HIN to Stake, the HIN belonging to the account from the outgoing broker will replace the HIN that Stake has created. You can only have one HIN per account.
To read more about HINs, please refer here.
