Series 22: Automated Customer Account Transfer Service (ACATS)

Taken from our Direct Participation Programs Representative Exam

Definition of the term Automated Customer Account Transfer Service (ACATS)...

the system, operated by the National Securities Clearing Corporation (NSCC), that handles a request for the transfer of an account from one firm to another and relays the request to the delivering firm.

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Solomon Exam Prep Study Materials for the Series 22
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