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Automated Customer Account Transfer

   Also found in: Acronyms 0.02 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 Corpoation and member banks of the Depository Trust Company.


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