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What is a HIN?

April 26, 2017hin

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What is a HIN?

3 Answers

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HIN (Holder Identification Number) is the number by which CHESS identifies individual clients when they become sponsored by a particular broker. You will be issued with a HIN when your account is opened. All of the shares you purchase will be consolidated under your HIN.

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The HIN is the identifying number which links your personal details to your individual investments. The HIN is used by your broker (or other CHESS participant) to group your holdings together. It is made up of the letter X followed by ten numbers e.g. X0001234567. The HIN provides you with additional security for your investments. This number is very important and should be recorded and kept secure as it will need to be quoted in all dealings and communications with your broker and the share registry. If you misplace your HIN you will need to contact your broker who will assist you.

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HIN stands for Holder Identification Number. It is the number by which CHESS identifies an account and registers their holdings. It also identifies the broker they hold the securities with. You will be provided with a HIN when request to be CHESS sponsored with CMC Markets Stockbroking.