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 Commentary
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.
Related Links
Brokers and Online Trading
Uncovering The Securities Firm
See also: Broker, Clearing House, Depository Trust Company, Equity, Financial Asset, National Securities Clearing Corporation - NSCC, Security, Transfer
Also spelled: ACATS