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7. Pardon the Jargon: Terms you need to know

12 Steps to Get Started Investing

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Understanding CHESS and Stock Ownership

This chapter examines the Australian Clearinghouse Electronic Subregister System (CHESS) and its critical role in managing brokerage accounts. It contrasts CHESS sponsorship with other systems of ownership, highlighting the complexities and risks associated with custodial versus direct ownership of stocks.

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