Fund/SERV® is a central processing system for the entry, confirmation and settlement of mutual fund orders that was launched in 1986. The Fund/SERV system facilitates the registration process for orders submitted into the system. ACATS was implemented in 1985 to expedite the transfer of customer accounts from broker to broker. In 1989, the ACATS-Fund/SERV® link was set up to add the capability of transferring mutual funds from one account to another.
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ACATS-Fund/SERV® User Guide
For detailed instructions on how to properly use the ACATS-Fund/SERV® system, download the latest version of the pdf ACATS Fund/SERV Guide (437 KB) .
Record Types
The receiving firm enters the transfer instructions into the ACATS systems. When a mutual fund is involved, ACATS sends these instructions (via 018 records) to Fund/SERV. Fund/SERV then transmits the 018 records to the fund. These records provide the instructions of how to re-register the assets in a customer’s account held at that mutual fund.
The following are the record types used to communicate information between ACATS and Fund/SERV:
- Record Type 018–ACATS-Fund/SERV Transfer Re-registration (See pdf Fund/SERV Fixed Length Record Layouts Part 2 (872 KB) )
- Record Type 019–ACATS-Fund/SERV Transfer Acknowledgment/Rejection (See pdf Fund/SERV Fixed Length Record Layouts Part 3 (1016 KB) )
- Record Type 080–ACATS-Fund/SERV Transfer Reminder
Workflows
