ACATS/IPS

The system that enables broker/dealers to provide information to insurance carriers regarding broker/dealer changes for insurance products. As a result, a broker/dealer change for insurance products occurs at the same time as the broker/dealer change for other securities in a brokerage account.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Annuity Asset Pricing (AAP)

The system transmits asset-pricing information submitted by each insurance carrier once a day to the carrier’s designated trading partners.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Commissions (COM)

The system transmits information from insurance carriers to their distributors regarding payments, advances, and chargebacks of periodic asset-based compensation, and ad hoc transaction-based commissions and bonuses to record and settle compensation transactions.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Financial Activity Reporting (FAR)

The system provides data from the insurance carrier to the distributor regarding daily financial activity on insurance contracts, including premium additions, disbursements, rebalances, asset allocation changes, partial withdrawals, etc. It will also provide the accompanying detail on these activities.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Inforce Transactions (IFT)

The system that transmits transactions that occur after a contract/policy is already in force. These transactions currently include agent changes (REP) and customer account number changes (BIN). Future transactions may include fund transfers, address changes, service changes, withdrawals, etc.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Initial Applications And Premiums (APP)

The system transmits initial annuity application and premium information from distributors to the issuing insurance carrier and includes same day settlement of premium dollars.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)
• Distributors only: Sequence of Events for Canceling an Application (pdf) 

Licensing And Appointments (LNA)

The system transmits information on a variety of license and appointment transactions including: first time and additional license requests, license status, appointment requests, appointment status, mass transfers/mergers, producer demographic changes (address/communication, identification number, name, qualifying officer), renewals, team set up, terminations, and periodic reconciliation.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Positions And Valuations (POV: PFF, PVF, PNF)

The system transmits information from a carrier to its trading partners on individual insurance or annuity contracts and their underlying assets, accumulation units and valuations.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

Subsequent Premiums (SUB)

The system transmits information regarding subsequent premiums from the broker/dealer to the insurance carrier, and includes same day settlement of premium dollars.

• Eligibility (pdf)
• Fees (pdf)
• Workflow (pdf)

NSCC’s system generates a single money settlement statement with details of each participant’s financial obligation related to commissions, initial or subsequent premiums, or licensing and appointments on an IPS transaction.

Note: NSCC's Money Settlement System can be used across all NSCC Settling products.

• Eligibility (pdf)
• More Info (pdf)

• IPS Fee Schedule (pdf)
• IPS Membership Fees (pdf)