Asset Pricing

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 email us at WMSConnect@dtcc.com or fill out a contact us form.