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Securities Eligible for ACATS Clients can transfer all publicly traded stocks, exchange-traded funds (ETFs), cash, bonds, and most mutual funds through the ACATS system. ACATS can also transfer certificates of deposit (CDs) from banking institutions through the ACATS system, as long as it is a member of the NSCC.
Many investors transfer their accounts from one brokerage firm to another without a hitch. If your transfer goes smoothly, count on the whole process taking two to three weeks.
ACATS: The Automated Customer Account Transfer Service (ACATS) is an automated system for the transfer of assets in a client account from one brokerage firm to another. Non-ACATS: Other transfers are supported by manual processes that vary from firm to firm and require hard copy transfer paperwork.
ACATS: The Automated Customer Account Transfer Service (ACATS) is an automated system for the transfer of assets in a client account from one brokerage firm to another. Non-ACATS: Other transfers are supported by manual processes that vary from firm to firm and require hard copy transfer paperwork.
About. ACATS enables eligible participants to efficiently and automatically enter, review, and settle the transfer of customer accounts between each other. The service standardizes transfer procedures, reduces operating costs, and speeds transaction settlements.
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How Does an Automated Customer Account Service Work? A standard account transfer between two broker-dealer members would follow the steps below: The receiving member initiates the transfer by submitting a Transfer Information (TI) form to ACATS. The form is also known as a Transfer Initiation Form (TIF).
A Non-ACAT transfer generally takes between 30 - 40 days to transfer depending upon the delivering firm. The receiving firm has to mail the ACAT transfer paperwork to the delivering firm.
This effectively minimizes the need for an asset review and accommodates a transfer time frame ranging from 2 to 4 business days.
The Automated Customer Account Transfer Service (ACATS) is a system that automates and standardizes procedures for the transfer of assets in a customer account from one brokerage firm and/or bank to another.
Securities Eligible for ACATS Clients can transfer all publicly traded stocks, exchange-traded funds (ETFs), cash, bonds, and most mutual funds through the ACATS system. ACATS can also transfer certificates of deposit (CDs) from banking institutions through the ACATS system, as long as it is a member of the NSCC.

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