It is important to know how your shares are being held if you plan on selling your shares. In Australia, there are two types numbers that shares can be held on. One is an SRN or Security Reference Number. The second is a HIN, or Holder Identification Number.
Security Reference Numbers (SRNs)
If you have an SRN, this may also be known as an Issuer Sponsored holding. The most common ways to acquire shares that are held on an SRN are:
Issuer Sponsored holdings are held with the share registry of the company. The shares are not connected to a stockbroker and a full trading account is not needed to own these shares. Your SRN can normally be found on a holdings statement or any mail that has been sent to your from the share registry. The SRN most likely begins with the letter ‘I’ followed by ten or eleven digits.
Holder Identification Numbers (HINs)
Shares that are held on with a stockbroker or on a full trading account will have a HIN and are known as a CHESS (Clearing House Electronic Subregistry System) holding. A HIN will start with the letter ‘x’ followed by ten numerical digits.
To sell shares held on an SRN you will need to complete our online application form. We are happy to assist with any enquiries regarding the sale of an issuer sponsored holding.
One Off Trades is unable to sell shares that are on a HIN. You will be required to contact the broker you have opened the account with or open a new full-trading account.