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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.

Additional Resources

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  • Client Center

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