Our new, searchable Glossary of DTCC & Industry Terms will help improve your understanding of key terminology and acronyms used in DTCC and across the post-trade industry.
ACATS / IPS
ACATS / IPS (Automated Customer Acct. Transfers / Insurance Processing Svs.) automates changes in annuities’ broker/dealer of record when clients transfer accounts between brokerage firms.
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WHAT IS ACATS/IPS?
ACATS/IPS is the link between the Automated Customer Account Transfer Service (ACATS) and the Insurance Processing Service (IPS). When account assets are transferred using ACATS, the ACATS link to IPS enables broker/dealers and banks to include insurance assets as part of the account transfer process.