Financial Activity Reporting

Financial Activity Reporting (远) 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 (远) 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

  With 远, clients can:

  • Improve compliance oversight by using data to monitor investment activity related to investment suitability, 市场时机, 尾盘交易, 大量生产, 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 存’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 远 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 远 Import service through 存’s WebDirect portal. The 远 Import compiles 远 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

  请电邮至 (电子邮件保护) 或者填写一份 联系我们 form.