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Automated Customer Account Transfer

   Also found in: Medical, Acronyms, Wikipedia 0.01 sec.
Automated Customer Account Transfer (ACAT)
For transfers of securities from a non-equity trading account to your equity trading account with your broker.

Automated Customer Account Transfer
The transfer of securities from one account to another at a separate bank or brokerage. This may be done for any security or derivative: stocks, bonds, options, and futures may all be transferred via ACAT. However, each ACAT occurs over the Automated Customer Account Transfer System, which is only open to institutions eligible for membership in the National Securities Clearing Corporation and member banks of the Depository Trust Company.


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CBRS currently provides financial firms with the ability to pass customer cost basis information, but only on assets transferred through NSCC's Automated Customer Account Transfer Service (ACATS).
New Initiative Will Modernize the System's Capabilities and Safeguards for the Industry NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) announced today that it will soon undertake a major redesign of the Automated Customer Account Transfer Service (ACATS) to enhance its capabilities and address the changing nature of financial markets.
ACATS, an acronym for the Automated Customer Account Transfer Service, is used to automate the transfer of customers' assets - of all types - between distribution firms.
 
 
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