Asset Pricing

Home / Wealth Management Services / Insurance & Retirement Services / AAP Print

Asset Pricing (AAP) enables insurance carriers to transmit the unit values for underlying funds within variable annuity and life insurance products to distributors on a daily basis. It provides fund-level pricing information, similar to the net asset value for mutual funds, that may be applicable to multiple insurance products within a carrier’s product line.

WHO CAN USE THE SERVICE

Asset Pricing (AAP) is available to firms that are members of DTCC’s National Securities Clearing Corporation (NSCC). Click here for information on how to become a member of NSCC.

BENEFITS

With AAP, customers can:

  • Access the pre-sale performance comparison information, such as daily fund units and values, required to calculate carrier-by-carrier product comparisons at the onset of a variable insurance sale.
  • Obtain current pricing information as of the close of business each day.
  • Calculate and verify contract values on annuity and life insurance products on a daily basis.
  • Simplify and streamline the transmission of data through one comprehensive file of product and fund data, enabling carriers to provide full pricing information to all their trading partners.

HOW THE SERVICE WORKS

Using a mainframe or Internet connection, carriers can use AAP to electronically send pricing information to NSCC, which then routes the information to distributors.

FOR MORE INFORMATION

Please contact Insurance & Retirement Services at 1-888-382-2721. E-mail us at insurance@dtcc.com.

dtccdotcom