ACATS-IPS

ACATS/IPS (Automated Customer Account Transfer Service/ 保险 Processing Service) automates the changes in distributors of record for an annuity when clients transfer their accounts from one brokerage firm to another.

ACATS/IPS enables distributors to include annuity assets, 以及其他证券, when transferring accounts and gives them automated, timely access to important information about their customers’ portfolios. The service also facilitates representative of record and broker-identification number changes within a contract.

• 谁可以使用该服务

  ACATS/IPS is available to firms that are members of 存’s National Securities 清算 Corporation (NSCC). 点击 在这里 for information on how to become a member of NSCC.

• 好处

  使用ACATS/IPS，客户可以:

  • Improve customer service by eliminating manual processes and automating the exchange of information between distributors and carriers. ACATS/IPS increases the speed of changes in distributor of record and minimizes inaccuracies.
  • Streamline processing between carriers and distributors, allowing the distributor change process for annuities to occur simultaneously with all other securities in a customer’s brokerage account.
  • Reduce the length of time that an annuity goes un-serviced by the intended distributor and accurately include customer insurance holdings as assets under management.
  • Secure confidential data through 存’s Securely Managed and Reliable Technology (SMART) network, 它提供了集中的, end-to-end managed communications for all post-trade clearance and settlement processing.

• 服务如何运作

  Using a mainframe or Internet connection, distributors and insurance carriers can use ACATS/IPS to electronically communicate distributor change information, in addition to non-financial contract changes such as custodial owner updates and beneficiary updates, 当可适用. The service provides request and confirmation messaging, as well as soft-reject capabilities for correctable errors. 功能包括:

  • 保险登记(IR). 在ACATS系统内, it allows distributors to include customer account-transfer requests for insurance products as part of an automated process already established for other financial assets, 比如共同基金. The IR request is initiated through ACATS and facilitates the re-registration of annuity information at the carrier. It also allows for necessary changes to representative of record (REP), brokerage-identification number (BIN), 受益人和所有人信息.
  • Automated customer account transfer (CAT). This is the transaction that is created from the distributor-initiated IR record that is sent to the carrier via the In-Force Transaction (IFT) service. It provides all the necessary information that a carrier would need to perform a distributor of record change. 一旦完成, the carrier will send a CAT confirmation back to the distributor to provide final status.
  • Change of representative of record (REP). This transaction is used when a carrier rejects a CAT transaction due to a rep-related reason that is quickly correctable. The REP transaction facilitates a correction of agent information, 在分销公司内部, 在合同上.
  • 受益人变更(BEN). This transaction is used when a broker/dealer needs to communicate more than one beneficiary supported on the 保险 Registration (IR) record.
  • Broker Identification Number (BIN). Automation within the IFT process delivers communications efficiently between distributors and insurance carriers. The BIN creates standardization and exists in a secure, controlled environment that enables users to access automated reporting, 跟踪和状态变化.

• 了解更多信息

  请电邮至 (电子邮件保护) 或者填写一份 联系我们 form.