AT General
What is the ACAT SLA?
4-7 Business Days
What does TOAD mean?
Shows all accounts that are in the process of an outgoing ACAT transfer from one brokerage firm to another.
What is rejection code 01?
SSN/ Tax ID mismatch
What paperwork is required for an account transfer that is single to single?
F2
What does REQUEST BETA?
Transfer is Initiated for a Full ACAT transfer record.
What does ACAT mean?
Automated Customer Account Transfer
What does TADS mean?
The TADS (Transfer of Account Delivered and Settled) screen in BETA provides a history of accounts that have transferred and settled through the ACATS system and maintains transfer files for delivered accounts.
What is rejection code 05?
Invalid Account Number
What paperwork is required for an account transfer that is Guardian to Single?
F2 and a court appointment/court release/and or proof of age document.
Completed. Funds may or may not be available for use yet.
All clearing firms have a DTC/ Clearing/ Broker number, True or False?
What does TOAR mean?
The TOAR (Transfer of Account Receive) screen in BETA lists all customer accounts transferring to your brokerage firm through the National Securities Clearing Corporation (NSCC) from another brokerage firm.
What is rejection code 06?
Duplicate Transfer Request
What paperwork is required for an account transfer that is Single to Trust?
F2 and is signed and dated by all the trustees
Partial ACAT transfer has been initiated and requested.
Is there tax consequences for ACAT Transfers?
No
What is TARS mean?
The TARS (Transfer of Account Received and Settled) screen in BETA provides a history of accounts that are received and have settled through the ACATS system.
What is rejection code 25?
Reclaim Rejection
What paperwork is required for an account transfer that is IRA to IRA?
F2
What does REJECT mean in BETA?
What is used to withdrawal an account transfer?
A rescind letter is needed by the client stating they want the transfer cancelled.
What does Code 4 mean in Beta?
Account Flat
What is rejection code 21?
Credit Policy Violation
What paperwork is required for an account transfer that is IRA to Spousal Beneficiary IRA?
F2 signed and dated by the spouse, beneficiary paperwork and copy of death certificate.
What does SET-PREP mean in Beta?
Preparing for settlement. Prepped for close.