In-force Transactions

IFT Access® is a non-integrated/standalone, online data-entry request and confirmation reporting tool that allows distributors to enter pre-defined required data or upload a file for broker identification number (BIN) changes and representative of record (REP) changes. This service will include formatted reports for transaction confirmations.

Who Can Use the Service

IFT Access® 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 IFT Access, participants can: Decrease operating costs by reducing redundant manual processes and eliminating paperwork, faxes and overnight mail. Reduce the time required to complete a BIN or REP changes. Use the service with no development or startup costs. Support straight-through processing (STP), giving participants the means to manage BIN and REP changes from start to finish without completing any paperwork, email or faxes. Standardize method of data entry, reporting and electronic communication. Secure confidential data through DTCC’s Securely Managed and Reliable Technology (SMART) network, which provides centralized, end-to-end managed communications for all post-trade clearance and settlement processing. Manage IFT Access trading relationships by allowing participating carriers to actively organize who they receive BIN and REP data from. Receive reports for distributor activity and carrier status as delimited files for reconciliation and record keeping.

How the Service Works

Using an Internet connection, participating distributors can send and receive BIN and REP changes through NSCC. It also provides a file upload facility for multiple BIN and REP transactions. Participating distributors and carriers will have access to their full-service BIN and REP data through Excel compatible files available via the DTCC WebDirect platform.

For More Information

To request additional information, please click here.

Insurance & Retirement Services are provided by National Securities Clearing Corporation (NSCC), a DTCC subsidiary.

DTCC Insurance & Retirement Services provides a core connection and a flexible suite of solutions that support transaction and information processes in the main areas of the product life cycle:

Agent transactions that support the representative selling the product include:

  • Licensing & Appointments (LNA) – (Access platform available)
  • Commissions (COM)

Pre-Issue transactions leading up to the issuance of the contract include:

  • Applications & Premium (APP)
  • Replacements (RPL)

Post-Issue transactions that occur after issuance of the contract include:

  • In-Force Transactions (IFT)
  • Automated Customer Account Transfer (ACATS/IPS)
  • Representative of Record (REP) – (Access platform available)
  • Broker Identification Number (BIN) – (Access platform available)
  • Subsequent Premiums (SUB)
  • Fund Transfers (FTR)
  • Replacements (RPL)

Monitoring & reporting information on events throughout the contract cycle include:

  • Positions & Valuations (POV)
  • Asset Pricing (AAP)
  • Financial Activity Reporting (FAR)

Multi-function support services:

Attachments (IAT) The Access platform is a desktop application that provides a direct web connection to an expanding number of Insurance & Retirement Services. We continue to develop new solutions and services based on immediate customer needs and long-term industry goals.

This product/service description is for informational purposes only. The Services are governed by applicable Rules, Procedures, and Service Guides for each DTCC subsidiary, which contain the full terms, conditions, and limitations applicable to each Service.