Automated Customer Account Transfer Service


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Automated Customer Account Transfer Service

A computerized system enabling 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 the ACATS. However, each transfer may only occur between institutions on the ACATS system, which only includes institutions eligible for membership in the National Securities Clearing Corporation that are member banks of the Depository Trust Company. See also: ACAT.
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