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What Does Automated Customer Account Transfer Service – ACATS Mean?

April 26, 2017acats account Automated customer mean service transfer

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What Does Automated Customer Account Transfer Service – ACATS Mean?

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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.