Reclaims (RCL)

The original deliverer uses the ACATS Reclaim function to request the return of particular customer assets that have been transferred incorrectly between firms.

This transaction has a two-day review period, not including the day it is submitted. Receivers can override the review period using the Accelerate a Transfer aspect of the reclaim feature. You can reject a reclaim using Reject Transfer.

Note
Mutual funds and options are ineligible for Reclaim transactions.

To enter a reclaim:

  1. From the ACATS Home Page, click Reclaim.

    ACATS Home Page: Reclaim
    Entering a reclaim

    The Reclaim page appears.

    Reclaim
    Entering a reclaim
    Note
    • All required fields appear in bold followed by a red asterisk (*).
    • Conditional fields appear as optional until you type or select information that makes it required. When a field becomes required, a red asterisk (*) appears next to it, but the field name does not become bold.
  2. Type or select information in all required fields and any applicable optional fields.

  3. Required and optional fields change depending on the settling location. If the asset is a foreign security:

    1. In the Settling Location and Reason field from the Asset Information section, choose 55–Foreign.

      The Foreign Information section becomes available.

    2. In the Foreign Asset section, type or select information in all required fields and any applicable optional fields.

      Foreign Asset
      Foreign Asset
  4. Verify that all of the required fields are complete. In certain situations, a conditional field becomes required when you select or type your entry.

  5. To enter additional assets for this transaction, check the More Assets box, if applicable. When you select the More Assets check box and click Submit, ACATS creates a new page with the same data in both the Transfer Information and Asset Information sections. You can edit the fields in the Asset Information section; however, you cannot edit the fields in the Transfer Information section. You can continue to select the More Assets check box on each subsequent page until you have entered all of the assets related to this transaction.

  6. Click one of the following options:

    • To complete your transaction, click Submit.
    • To clear all data, click Reset.
    • To return to the ACATS menu, click Back.

Notes

You can access other ACATS features from the menu or the Go To drop-down list.

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