Automated Customer Account Transfer

Business, Legal & Accounting Glossary

Definition: Automated Customer Account Transfer


Automated Customer Account Transfer

Quick Summary of Automated Customer Account Transfer


A system that allows one brokerage firm or bank to electronically transfer assets of a customer’s account to another brokerage firm or bank. This service offers brokerage firms and banks a more efficient and standardized way of transferring assets to other institutions. Brokerage firms must be members of the National Securities Clearing Corporation (NSCC) and banks must be members of the Depository Trust & Clearing Corporation (DTC) to be eligible for the service.




Synonyms For Automated Customer Account Transfer


ACAT


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https://payrollheaven.com/define/automated-customer-account-transfer/
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Automated Customer Account Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/automated-customer-account-transfer/.
Chicago Manual of Style (CMS):
Automated Customer Account Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/automated-customer-account-transfer/ (accessed: November 30, 2021).
American Psychological Association (APA):
Automated Customer Account Transfer. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/automated-customer-account-transfer/

Definition Sources


Definitions for Automated Customer Account Transfer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.