Automated Customer Account Transfer Service - ACATS

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DEFINITION of 'Automated Customer Account Transfer Service - ACATS'

A system that facilitates the transfer of securities from one trading account to another at a different brokerage firm or bank. The National Securities Clearing Corporation (NSCC) developed the ACATS system, replacing the previous manual asset transfer system with a fully automated and standardized one.

INVESTOPEDIA EXPLAINS 'Automated Customer Account Transfer Service - ACATS'

Stocks, bonds, cash, unit trusts, mutual funds, options and other investment products can be transferred via the ACATS system. Only NSCC-eligible members and Depository Trust Company member banks can use the ACATS system. This is the system in which processes Automated Customer Account Transfers (ACAT).

RELATED TERMS
  1. Depository Trust Company - DTC

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  2. Clearing House

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  3. Financial Asset

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  5. Transfer

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  1. How do you transfer common stock from one broker to another?

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