Automated Customer Account Transfer Service - ACATS

外汇网2021-06-19 13:53:26 48

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 pvious manual asset transfer system with a fully automated and standardized one.

|||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).

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