Skip to main content

Financial Activity Reporting (FAR) enables insurance carriers to provide distributors with daily individual and group annuity and life insurance financial transaction information, giving them a comprehensive and accurate picture of client accounts and helping them supervise and manage those accounts.

  • WHO CAN USE THE SERVICE

    Financial Activity Reporting (FAR) 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 FAR, clients can:

    • Improve compliance oversight by using data to monitor investment activity related to investment suitability, market timing, late-day trading, churning, money laundering and agents submitting business directly to the carrier without sending through their distributor or back office for a suitability check.
    • Provide comprehensive account statements to agents and their clients.
    • Track and confirm new business and post-issue transaction requests.
    • Monitor investment performance.
    • Create an audit trail of customer investment activity and maintain contract history.
    • 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.

  • HOW THE SERVICE WORKS

    Using a mainframe or Internet connection, insurance carriers can use FAR to transmit pertinent financial activity information about an annuity or life insurance contract to distributors. For clients not yet ready to implement the full-data feed of financial activity information, NSCC offers a FAR Import service through DTCC’s WebDirect portal. The FAR Import compiles FAR data into a readable format that can be imported to Microsoft Excel. This option requires no programming and can be made available to distributors in a matter of days.

  • For More Information

    To request additional information, please click here.

Additional Resources

  • News

    Check out the latest news about DTCC's FAR service which creates an audit trail of customer investment activity and maintains contract history. Visit the website.

    Read More
  • Legal

    Download important legal notices about DTCC's Financial Activity Reporting (FAR) providing comprehensive account statements to agents and their clients. Learn more.

    Read More
  • Client Center

    Download secured and public documents necessary for DTCC's Financial Activity Reporting service. Call us at 1-888-382-2721 for any support regarding I&RS services.

    Read More
Helping Clients Optimize DTCC Services Every Day

DTCC Learning

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.

dtccdotcom