ACATS Important Notices

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ACATS Modernization - PSE-A Region (June 13, 2018 - #A8573)  Published Popular #

In preparation for the ACATS Modernization – Shortened ACATS testing period (see  Important Notice #A8542) Important Notice #A8542), the ACATS system will be divided into two PSE regions. One to support existing functionality and another to support the new functionality. This follows the recent path set during the T+2 implementation in 2017. Providing two test regions provides several benefits for firms during testing. This includes the ability to continue to test existing features throughout the new release test window. It also allows firms that are able to support two test regions the ability to compare results between new and existing features.

See Also: ACATS Modernization


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ACATS Modernization - Shortened Cycle Enhancements (April 16, 2018 - #A8542)  Published Popular #

This is a follow-up to Important Notice A8469 (published October 30, 2017).  For reference, other important notices affiliated with this initiative are Important Notice A8274 (published October 26, 2016) and Important Notice A8351 (published March 15, 2017).  This notice serves as an update to Important Notice A8469 and includes updates to the enhancement specification for this release.

See Also: ACATS Modernization


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ACATS Modernization – Shortened Cycle Enhancements (October 30, 2017 - #A8469)  Published Popular #

This is a follow-up to Important Notice a8274 (published 10/26/16) and Important Notice a8351 (published 3/15/17). This notice confirms the plan to launch a series of enhancements, subject to any required regulatory approval, that will provide a framework designed to help the industry move towards a shortened ACATS transfer cycle.

See Also: ACATS Modernization


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ACATS Pier Report Decommission (April 3, 2017 - #A8366)  Published Popular #

Effective July 2017, NSCC’s Automated Customer Account Transfer Service (ACATS) will no longer produce the Participant Information and Efficiency Report (PIER) in the traditional PDF format. The June 2017 version will be the last one produced. This notice only pertains to the ACATS PIER report. Other DTCC services that provide PIER reports will not be impacted from this change.

See Also: ACATS Documentation and  pdf ACATS Statistical Reports User Guide (4.43 MB)


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ACATS Shortened Cycle Enhancements – Scope and Schedule Change (3/15/2017 - #A8351)  Published Popular #

This important notice is a follow-up to Important Notice A8274 (published 10/26/16). As described in the previous Important Notice, NSCC’s Automated Customer Account Transfer Service (ACATS) was planning the launch of a series of enhancements over the next several years. This series of enhancements, approved by the SIMFA Customer Account Transfer (CAT) Section, would provide an improved framework to shorten the time it would take to process an account transfer.

See Also: ACATS Documentation


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ACATS Registration Indicator Enhancement (February 27, 2017 - #A8340)  Published Popular #

Effective the morning of May 19, 2017, NSCC’s Automated Customer Account Transfer Service (ACATS) will add a new field called Registration Indicator to the Fund/SERV Statistics output report and MRO files. This enhancement was proposed by ACATS participants and approved by the SIFMA
Customer Account Transfer (CAT) Board.

See Also: ACATS Documentation


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ACATS Shortened Cycle Enhancements (October 26, 2016 - #A8274)  Published Popular #

NSCC’s Automated Customer Account Transfer Service (ACATS) is planning for the launch, subject to any required regulatory approval, a series of enhancements over the next several years that will provide an improved framework to shorten the time it takes to process an account transfer. Currently, it takes up to five business days for a standard (Full) ACATS transfer to settle. During this 5-day period, an investor’s assets will remain invested in the market but trading may be restricted. The inability to trade may expose the investor to additional risks. The goal of this initiative is to begin a multi-phase path to reduce these risks and improve efficiency to the overall ACATS transfer process.

See Also: ACATS Documentation


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ACATS Enhancements 2016 (July 18, 2016 - #A8229)  Published Popular #

Testing for the ACATS 2016 enhancements begins on Friday, September 16, 2016. The first day of production is Friday, November 4, 2016. Members are encouraged to test and verify that they are set up to send/receive files in PSE or have access to the PSE DTCC portal region. If setup is required, firms should contact their relationship manager.

See Also: ACATS Documentation


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ACATS DTCC Web Portal Enhancements 2016 (May 17, 2016 - #A8201)  Published Popular #

On June 17, 2016, NSCC’s Automated Customer Account Transfer Service (ACATS) introduces several enhancements to its production feature in the DTCC Web Portal. The PSE (Test) region is now available with the changes outlined in this important notice, #A8201.

See Also: ACATS User Guides


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ACATS Enhancements 2016 (April 15, 2016 - #A8189)  Published Popular #

This is a follow-up to Important Notice #A8164 (published November 11, 2016). Effective Friday, November 4, 2016, NSCC’s Automated Customer Account Transfer Service (ACATS) implements enhancements that were recommended by ACATS firms and approved by the SIFMA Customer Account Transfer (CAT) Division.

See Also: ACATS Documentation


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ACATS Enhancements 2016 (November 11, 2016 - #A8164)  Published Popular #

Effective on or about Friday, November 4, 2016, NSCC’s Automated Customer Account Transfer Service (ACATS) implements enhancements that were recommended by ACATS firms and approved by the SIFMA Customer Account Transfer (CAT) Division.

See Also: ACATS Documentation


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ACATS Fund/SERV Enhancements (October 27, 2015 - #A8106)  Published Popular #

Effective February 29, 2016, NSCC’s Wealth Management Services (WMS) implements an enhancement release that impacts the ACATS-Fund/SERV service. See NSCC Important Notice A#8107 for a full list of WMS changes as part of their release.


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ACATS Enhancements 2015 (August 20, 2015 - #A8070)  Published Popular #

Several new enhancements will be offered to NSCC’s Automated Customer Account Transfer Service (ACATS) users. The goal of these enhancements is to expand current functionality that will improve the user experience and help firms manage their transfer business more efficiently. This document will provide a high level description of the enhancements; however a new User Guide will be available closer to the production date which will provide additional details on each feature.

See Also: ACATS Documentation


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ACATS Reversal Testing - Additional Testing Dates Added (03/30/2015 - #A8006)  Published Popular #

In Important Notice #A7869 P&S#7439, NSCC announced the participant testing of the ACATS reversals process beginning in September 2014. NSCC is adding a test scenario for the testing of two default brokers where one defaults during the settlement cycle and one defaults after the settlement cycle. The testing of this scenario will be offered starting April 14th and ending on May 7, 2015.


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ACATS Settling Location and Reason Modification (03/26/2015 - #A8007)  Published Popular #

In the effort to improve usability and efficiency in the Automated Customer Account Transfer Service (ACATS), National Securities Clearing Corporation (NSCC) will make modifications to the settlement location and settlement location reason fields.


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Reclaim Processing Now Available for Banks (02/19/2015 - #A7984)  Published Popular #

In response to client requests and DTCC’s continuing effort to bring greater efficiencies to the Automated Customer Account Transfer Service (ACATS), National Securities Clearing Corporation (NSCC) is opening the reclaim process to clients designated as a bank in the ACATS participant master file


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Revised Schedule for Participant Testing of the Reversal of ACATS Obligations (11/26/2014 - #A7937)  Published Popular #

In Important Notice #A7869 P&S#7439, NSCC announced the participant testing of the ACATS reversals process beginning in September 2014. NSCC is revising the end date for the testing of the ‘One broker defaults, after the settlement cycle’ scenario. The testing of this scenario ends on December 4, 2014, instead of the originally scheduled end date of December 11, 2014.


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Participant Testing of the Reversal of ACATS Obligations (07/17/2014 - #A7869)  Published Popular #

In response to events relating to a close-out in 2008, National Securities Clearing Corporation (“NSCC”) and The Depository Trust Company (“DTC”) have been engaged with the industry in a series of initiatives designed to improve the efficiency and reduce risks associated with transactions processed through NSCC’s Automated Customer Accounts Transfer Service (“ACATS”). I


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Reminder Regarding the Elimination of the ACATS Default Pricing Table (06/03/2014 - #A7851)  Published Popular #

In a number of Important Notices posted in 2012, including Important Notice #A7550 P&S#7120, dated December 14, 2012, the National Securities Clearing Corporation (NSCC) announced an enhancement to the default pricing methodology used by NSCC’s Automated Customer Account Transfer Service (“ACATS”), which eliminated the use of the legacy default pricing table to calculate the value of certain securities transferred through the system.


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Enhancements to Mutual Fund-Related ACATS (03/17/2014 - #A7700)  Published Popular #

National Securities Clearing Corporation (“NSCC”) is making three enhancements to its Automated Customer Account Transfer Service (ACATS) and Fund/SERV, with respect to the transfer of mutual fund assets. These changes are scheduled to go live in the testing environment (the “Participant Services Environment” or “PSE”) on June 20, 2014, and in the production environment on July 28, 2014.