ACATS meaning in Accounts and Finance ?

Accounts and Finance Miscellaneous in Accounts and Finance . 3 months ago

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What is Automated Customer Account Transfer Service mean?

Automated Customer Account Transfer Service (commonly known as ACATS) is an almost entirely electronic system in the United States that executes the transfer of financial securities from a trading account at one institution to the trading account at another. ACATS was developed by the National Securities Clearing Corporation (NSCC), now a subsidiary of Depository Trust & Clearing Corporation (DTCC), a private holding company owned collectively by banks and financial institutions that handles the settlement of the vast majority of securities transactions in the United States.

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Posted on 08 Sep 2024, this text provides information on Accounts and Finance related to Miscellaneous in Accounts and Finance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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