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FET utilizes efficient, automated processes to give financial professionals transparency in disclosure regulations and related fees & expenses can be deducted.

  • Overview

    Life insurance and annuity products have common fees and expenses. Some common product expenses include mortality and expense risk charges, premium loads, sales charges, and administrative and fund management fees.

    DTCC’s I&RS established the Fee & Expense Transmittal (FET) service to assist financial professionals and investors in understanding the associated fees and expenses that insurance companies may deduct from their premiums and cash value. Additionally, the information in FET helps financial professionals meet regulations associated with disclosing certain fees and expenses to investors.

    The FET service ultimately replaces point-to-point data exchange methods, which can vary firm to firm, with a fully automated process – providing efficiency and the transparency needed for compliance.

  • Benefits

    • Eases compliance and lowers costs associated with industry regulations – allowing distributors to quickly gain access to updated data for disclosures, including direct and indirect expense reporting.
    • Automates carriers’ transmission of expense data, bringing transparency to the contract, feature/rider and fund (subaccount) levels.
    • Generates new efficiencies by providing distributors with the capacity to pull standardized, ACORD-formatted data from multiple carriers from a single platform –diminishing the need to support and maintain proprietary feeds or databases
    • Decreases the likelihood of errors linked with manual data exchange and processing.
    • Enhances distributor/carrier relationships and customer satisfaction by accelerating data delivery using a standardized process.
    • Enables flexible data access through batch delivery or through DTCC Web Portal.

  • How The Service Works

    Using FET, carriers can submit, upload, and maintain their standardized fee & expense data. That data is stored in DTCC’s Insurance Information Exchange (IIEX) for on-demand consumption by distributors via the DTCC Web Portal, API or batch file delivery.

  • Who Can Use The Service

    FET is available to firms that are members of DTCC’s National Securities Clearing Corporation (NSCC). Visit for information on how to become a member of NSCC.

Additional Resources

  • News

    The latest news about DTCC's IIEX platform that transforms raw data into actionable insights using an API-enabled environment to consume insurance information.

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  • Legal

    Important legal notices about DTCC's Insurance Information Exchange providing a standardized alternative to the need for sending large, redundant batch files.

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  • Client Center

    Download secured and public documents necessary for DTCC's Insurance Information Exchange (IIEX) platform. Call us at 1-888-382-2721 for support regarding I&RS services.

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DTCC Learning

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DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries.