Transfer of Customer Assets
Guidance and Best Practices for Continued Modernization
The efficient transfer of customer assets (securities and cash) between financial institutions is a vital component of modern financial markets.
Most customer account transfers between brokerage firms are facilitated electronically through the Automated Customer Account Transfer Service (ACATS). While SIFMA acknowledges institutions not using the ACATS system may operate under varying regulatory frameworks, we strongly recommend automating or streamlining transfers to counterparties. Read our recommendations to maximize investor protection and minimize risk.
