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RBA Glossary definition for CHESS

CHESS – Clearing House Electronic Sub-register System. CHESS is a settlement system for Australian equities operated by ASX Settlement.

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Domestic Financial Markets

10 Aug 2013 SMP – August 2013
These instruments represent investments in CGS, but will be held as depositary interests within CHESS, a securities settlement system operated by the ASX.
https://www.rba.gov.au/publications/smp/2013/aug/dom-fin-mkts.html