This important notice is a follow-up to Important Notice A8542 (published April 16, 2018). Access all associated ACATS Important Notices.
As described in previous NSCC Important Notices, the Automated Customer Account Transfer Service (ACATS) is undergoing a significant re-platforming effort that will modernize the technology and position ACATS for the future needs of the industry.
Recently, DTCC published a concept paper, “The Future of ACATS, A Visionary Look.” In this paper, DTCC, in collaboration with the industry, describes a future vision of ACATS that would include real-time messaging, next day settlement and even a path to same day settlement. The ACATS Modernization initiative has already begun work to upgrade the existing technology framework, as well as implement industry requested changes to help shorten the ACATS transfer cycle.
See Also: ACATS Modernization