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What does ACATs stand for?

Most transfers of customer accounts from one brokerage firm (the "carrying firm") to another (the "receiving firm") occur through the Automated Customer Account Transfer Service (ACATS), an electronic transfer system developed by the National Securities Clearing Corporation (NSCC) to automate and standardize the transfer of accounts.

What is automated customer account transfer service (ACATs)?

The Automated Customer Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, unit trusts, mutual funds, options, and other investment products. Only NSCC-eligible members and Depository Trust Company member banks can use the ACATS system.

What is an ACATs transfer?

An ACATS transfer is initiated by a brokerage customer at the receiving institution by submitting a Transfer Information (TI) record. The TI contains all of the information needed to identify the customer's existing brokerage account and where it will be delivered.

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