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ACATS Shortened Cycle Release
Implemented: February 24, 2020
The Automated Customer Account Transfer Service (ACATS) application includes a series of enhancements to help the industry move towards a shortened ACATS transfer cycle. The goal of the ACATS Shortened Cycle release was implemented to shorten the transfer process while simultaneously reducing risk, improving operational efficiency, and enhancing the overall customer experience.
| For information about... | See... |
| ACATS output files and webinars describing the modernization initiative | |
| Important notices related to the modernization initiative | ACATS Modernization Important Notices |
| Test cases, implementation guidelines, user guides, and best practices for the modernization initiative release | ACATS Shortened Cycle Documents
|
Status: Project on Hold
ACATS Modernization is a multi-phase initiative to modernize and transform the ACATS application. ACATS Reimagined, will introduce more significant changes to ACATS by introducing a reimagined ACATS process that offers a modern real-time event driven transaction processing system. This new application will drive quicker communication between parties and create an infrastructure for a shorter transfer window.
Note: The ACATS Modernization Reimagined initiative is currently on hold.
The Reimagined phase of the ACATS Modernization initiative focuses on:
- Improving and standardizing workflows.
- Streamlining operations and making processes more efficient.
- Providing a real-time rule-based engine.
- Increasing value by reducing client calls, improving current systems and operations, and enabling consistency across firms.
- Upgrading the technology with API driven capabilities and cloud access.
The following figure shows the life cycle of a transfer.
See also: Concept Paper: A Vision for the Future of ACATS.
| # | Name | Description | Added On |
|---|---|---|---|
| 1 | ACATS Reimagined Overview |
|
06 January 2021 |
| 2 | ACATS Reimagined Workflow |
|
06 January 2021 |
| 3 | ACATS Reimagined Technology Overview |
|
06 January 2021 |
529 Plans
View the proposed changes to the Automated Customer Account Transfer Service (ACATS) system and ACATS Fund/SERV® service to facilitate 529 transfers through the ACATS system.
| # | Name | Description | Added On |
|---|---|---|---|
| 1 |
Concept Paper: ACATS Enhancements for 529 Assets
|
|
07 December 2020 |