What is a HIN (Holder Identification Number)?

A HIN (Holder Identification Number) is a unique identifier assigned to individual investors by the CHESS (Clearing House Electronic Subregister System). It is used to track ownership of shares and other securities in the Australian securities market.

When you open a trading account with a stockbroker, you will be assigned a HIN. Your broker will use this number to record your transactions and manage your holdings on the CHESS system.

There are many benefits to having a HIN, including an extra layer of protection if your broker ever fails or goes into liquidation. It also makes it easy for you to transfer your holdings between brokers and gives you more control over your investments, such as voting and dividend reinvestment plans.