A system that allows one brokerage firm or bank to electronically transfer assets of a customer's account to another brokerage firm or bank. This service offers brokerage firms and banks a more efficient and standardized way of transferring assets to other institutions. Brokerage firms must be members of the National Securities Clearing Corporation (NSCC) and banks must be members of the Depository Trust & Clearing Corporation (DTC) to be eligible for the service.
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Automated Customer Account Transfer (ACAT). For transfers of securities from a non-equity trading account to your equity trading account with your broker.
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Definition of automated customer account transfer (ACAT): A system that allows one brokerage firm or bank to electronically transfer assets of a customer's ...
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<a href="http://www.acronymfinder.com/Automated-Customer-Account-Transfer-( ACAT).html">ACAT</a>. Citations. MLA style: "ACAT." Acronym Finder. 2012.
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Automated Customer Account Transfer (ACAT) is a convenient electronic method of moving all or some of your assets between brokerage firms, saving you both ...
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An Automated Customer Account Transfer (ACAT) is a transfer of all assets, in kind, from another National Securities Clearing. Corporation (NSCC) member firm ...
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Nov 23, 2011 ... An ACAT transfer is an automated customer account transfer. ACAT transfers usually take about 7 to 10 business days. We will need to ...