IFT Access®, an automated request and reporting tool offered by DTCC’s Insurance & Retirement Services (I&RS), enables distributors to electronically send required data and files for broker identification number (BIN) and representative of record (REP) changes to their insurance carrier trading partner(s).
Now, thanks to a new video, I&RS clients can preview the features and functionalities of this time- and cost-saving service.
The video demonstrates how clients can use IFT Access to standardize their data entry and speed their internal processes, all without incurring any development or start-up costs.
The video guides users through:
- Accessing the service
- Uploading templates and spreadsheets
- Viewing activity
- Creating reports
A Snapshot of IFT Access:
- 50 broker-dealer clients
- 20 carrier families
- Over 320,000 transactions processed in 2015
- Over 84,000 transactions processed through February 2016 (surpassing 25% of total 2015 transactions)
This video is the second in a series of product demos being created by DTCC Learning for I&RS clients. The group released its Producer Management Portal (PMP) video last year. Next up: a demo for LNA Access.
IFT Access is offered by DTCC’s National Securities Clearing Corporation (NSCC) subsidiary.