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 ?
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.
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.