Attachments

Attachments (ATT) enables insurance distributors and carriers to electronically exchange digital (imaged) documents, signatures, forms and other types of unstructured data during the pre-sale, new business and post-issue processing of annuity and life insurance information.

• Who Can Use The Service

  Attachments (ATT) 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.

• How To Use The Service

  Using either a traditional secured network connection or via the IIEX Document platform, participating companies can send attachments to their counterparties and obtain real-time status reports from the Messaging Dashboard.

   

  

• Benefits

  • Real-time response capability for providing attachment status.
  • Support industry standard practice and standard formats adhering to the ACORD XML standard model for insurance processing using XML data messaging and web-services technology.
  • 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.
  • Eliminate the need for a paper exchange of information and enable straight-through processing (STP) when signatures are required at point of sale and/or original documentation is required for otherwise automated processes.
  • Generate savings from reduced mailing costs and increased levels of service to distributors, carriers and customers throughexpedited document processing.
  • Create an audit trail and eliminate lost paperwork.

• How The Service Works

  Using their proprietary or vendor supported platforms,distributors and carriers can electronically process attachments transactions as illustrated by the following:

  • Firm (Sender) produces document internally and transforms document into an ACORD XML message.
  • ACORD XML message is sent to DTCC including key data and attachment. DTCC validates key data and sends information to recipient.
  • Recipient replies to DTCC with a status confirm. DTCC sends status confirm to Sender.

  
  

  Coming in 2024, Paperless Replacement Processing. A service which can reduce your requirement to send transfer paperwork to the ceding carrier. Sign up on the form at the end of the video below for more information.

  

• For More Information

  Please email us at [email protected] or fill out a contact us form.