how does an acats transfer work 
an acats transfer is initiated by a brokerage customer at the receiving institution by submitting a transfer information ti record the ti contains all of the information needed to identify the customer s existing brokerage account and where it will be delivered the delivering firm must respond to the output within one business day by either adding the assets that are subject to the transfer or by rejecting the transfer before delivery is made a review period is opened during which the sending and receiving firm can confirm the assets to be transferred 1