Broker Identification Number

As an In-Force Transaction (IFT), the Broker Identification Number (BIN) automated service facilitates brokerage identification number/brokerage account number changes requested by a distributor.


Broker Identification Number (BIN) 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.


With BIN through IFT:

  • Eliminate manual processing and simplify the procedure for notifying carriers of brokerage identification/brokerage account number changes connected to a particular insurance contract within a firm.
  • Enable distributors to better serve their customers. By automating the exchange of information between distributors and carriers, BIN/IFT increases the speed in which changes occur and minimizes inaccuracies.
  • Reduce the complexity of maintaining insurance products with a streamlined, paperless process.
  • Choose, as a no-cost addition to the service, a web-based, desktop data-entry request and confirmation reporting tool (IFT AccessSM) that allows distributors to enter pre-defined required data or upload a file for broker identification number (BIN) changes.


The automated nature of the BIN transaction within the IFT process delivers communications efficiently between distributors and insurance carriers. Features include:

  • Automated Reporting. BIN provides an automated method of sending, receiving and tracking change instructions. Confirmations on the status of changes are automatically delivered from carriers to distributors.
  • Standard Formats. Distributors and carriers can exchange information and process account changes in a more efficient and accurate manner by using standard formats.
  • A Safe, Controlled Environment. Distributors and carriers can leverage DTCC’s highly reliable and secure network for In-Force Transactions.

For More Information

To request additional information, please click here.