ACATS Important Notices

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ACATS Pier Report Decommission (4/3/2017 - #A8366) 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.


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


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ACATS Registration Indicator Enhancement (2/27/2017 - #A8340) 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.


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ACATS Shortened Cycle Enhancements (10/26/2016 - #A8274) 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.


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ACATS Enhancements 2016 (07/18/2016 - #A8229) 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.


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ACATS DTCC Web Portal Enhancements 2016 (05/17/2016 - #A8201) 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.


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ACATS Enhancements 2016 (04/15/2016 - #A8189) Popular #

This is a follow-up to Important Notice #A8164 (published 2/11/16). 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.


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ACATS Enhancements 2016 (02/11/2016 - #A8164) 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.


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ACATS Fund/SERV Enhancements (10/27/2015 - #A8106) 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 (08/20/2015 - #A8070) 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.


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ACATS Reversal Testing - Additional Testing Dates Added (03/30/2015 - #A8006) 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) 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) 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) 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 will end 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) 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) 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) 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.


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New Settling Location Reason on ACATS Output Record Layouts (11/21/2013 - #A7737) Popular #

In Important Notice #A7556 P&S #7126 dated December 21, 2012, the National Securities Clearing Corporation (NSCC) described the requirements for the CNS ACATS and DTC settling assets project. This Notice announces the publication of the revised record layouts for ACATS output files that will include a new value in the Settling Location Reason field: ‘NTRN’ = 6-year (PREMed) NonTransferable.


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Updates to ACATS Fund Registration (FR) Input Record (07/08/2013 - #A7668) Popular #

DTCC is making changes to the list of valid values in the Social Code field on the ACATS Transfer (018) record in Fund/SERV; therefore, the list of valid values on the Social Code field on the ACATS Fund Registration (FR) input record is changing.


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Updates to ACATS Transaction Inquiry Portal Screen (06/10/2013 - #A7647) Popular #

The Depository Trust and Clearing Corporaiton (DTCC) is making changes to the WebDirect Portal ACATS Transaction Inquiry function to give National Securities Clearing Corporation (NSCC)’s Members more flexibility in searching for ACATS Transactions.