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The client first provides the statement of the positions to be transferred in/out.
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The back office reviews whether the positions can be transferred in/out and determines whether the transfer will be initiated by Pershing or by a third party.
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Once the above is confirmed, the client completes and signs the corresponding form (e.g., ACAT form, LOA).
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The back office contacts the third party to confirm the SSI and either Pershing or the third party initiates the request.
