A HIN is a Holder Identification number. It is used to identify an individual’s holdings on the ASX CHESS Registry. HIN is only applicable to Australian residents holding Australian Stocks.
If you hold a Saxo HIN account, your international shares are held in custody.
You can perform securities (Stocks, Bonds, ETPs) transfers to or from Saxo via any of the Saxo trading platforms ( SaxoTraderGO, SaxoTraderPRO and SaxoInvestor).
- To begin a transfer of your portfolio positions, click the Menu > Deposits and transfers > Portfolio transfer
Types of transfers made through HIN account:
- International transfers (custody - custody)
- SRN transfers (Issuer Sponsor account)
- Domestic transfers (HIN to HIN or HIN to Custody)
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Requirements: 1. When you enter a transfer request to Saxo via the platform, you will be presented with the option to download a Stock Transfer form (ST form). We recommend to print, sign and upload a scanned copy of the form so we can present to your Broker and we strongly suggest you to contact them to fulfil their administrative requirements to transfer. 2. Only wet signatures are allowed on the Stock Transfer form (no electronic signatures) 3. Provide your POI (Proof of Identity) 4. In case of SRN Transfers, make sure you also attach Holding Statement along with ST form and POI. |
What is Stock Transfer Form?
For Australian clients, it is necessary to download the Stock Transfer form once the request for transferring stocks has been completed.
ST Form includes the details of the securities you wish to transfer and authorizes Saxo to contact your broker/bank to initiate the transfer.
Estimated time to transfer stocks or other securities
The transfer of securities generally takes up to 15 business days, however, it might take longer in certain cases.
Incoming Transfers
Incoming transfers will depend on the counterpart broker releasing the stock to Saxo. Please ensure that you have consulted with your counterpart broker to fulfil their requirements to release the securities to us.
- Incoming Domestic transfers: usually takes 3-4 business days.
- Incoming International transfers: 15 business days.
Domestic Transfers
- Outgoing Domestic transfers: usually it takes 5-6 business days.
- Outgoing International transfers: 2-6 weeks as it will depend on all the requirements from the receiving broker.