ACATS


Also found in: Dictionary, Financial, Acronyms.

ACATS

(Advisory Committee on Advanced Television Service) The FCC committee that was formed in 1987 to recommend an advanced TV standard for the U.S. By 1991, ACATS had reduced the number of proposals from 23 to six, which included four all-digital HDTV specifications. By 1993, the digital proponents (AT&T, Philips, General Instrument, Thomson, MIT and Sarnoff Research) banded together as the "Grand Alliance" to create a single "Advanced TV" (ATV) standard.

ACATS worked closely with the ATSC (Advanced TV Systems Committee), a private organization founded in 1982. ATSC developed and documented the ATV specifications and was also responsible for including SDTV formats in the standard for compatibility with computers.

In late 1995, ACATS recommended the ATSC standard to the FCC, which adopted it on Christmas Eve 1996. ACATS later disbanded, but during its reign, more than a thousand people worked on the project. See ATSC and DTV.
Mentioned in ?
References in periodicals archive ?
Additionally, NASD has advised registered firms, through Notices to Members, that charges for services must be fair under the relevant circumstances, that each member "should be prepared to justify that its prices are fair as to each customer and transaction" and that ACATS fees should be related to the actual costs of the account transfers.
We are confident that a redesign of the ACATS system will modernize its capabilities and the safeguards it provides the industry," said Susan Cosgrove, DTCC managing director, Equities Clearance and Settlement Group.
Initially, 30 brokerage firms who use BETA Systems as their ACATS service provider will use the CBRS.
The disincentive fees include charges for the physical movement of securities certificates, late submissions of deposits on restricted securities, ACATS rejects, and late notifications to FICC regarding repo substitution requests.
Targeted to insurance carriers, broker/dealers and banks, ACATS/IPS leverages the technology of ACATS, which for 20 years has automated and standardized the transfer of financial assets in brokerage accounts between financial services firms.
Richer also served as chairman of the Systems Subcommittee Working Party on Test and Evaluation for the FCC's ACATS where he was responsible for the testing of proponent ATV systems, including that of the digital HDTV Grand Alliance.