Analytic Reporting Full Coverage Implementation Guide 2/26/2014

Transcription

1 Analytic Reporti ing Full Coverage Implementation Guide 2/26/2014

2 Table of Contents Overview... 2 How to Send Transaction Data: Submitting data for transactions with Distributors that are DTCC Members, but that are not using the FAR service for transaction reporting... 3 Exhibit A Submitting data for transactions with Distributors that are not DTCC Members... 5 Exhibit B... 6 Technical Flow... 7 File Submission Information:... 8 Contact Information:

3 Overview Analytic Reporting is an online solution offered by Insurance & Retirement Services (I&RS) that provides information to support your cross functional decision making needs. Information includes: Dashboards with trends in inflows, outflows and net flows Sales analysis by product, carrier, distributor, geography and account type Custom views and reports to meet your specific needs Downloadable reports in multiple formats for use in company documents and research The source of the data that feeds the service is Financial Activity Reporting (FAR) transactions currently sent by Insurance Carriers to its Distributor partners through DTCC. Although FAR files between Carriers and Distributor is considered the preferred and most efficient way to process transactions and source the analytic reporting tool, not all business is currently transacted via this mechanism. Therefore, some data may not be available through the service. Analytic Reporting Full Coverage allows Carriers to submit all annuity and insurance financial transaction data through the FAR files for Distributors they conduct businesses with that are: DTCC members, but are not transacting any transactions through FAR or only a subset of transactions through the FAR service. not currently DTCC members Transactions with these types of Distributors may be sent to DTCC for use in Analytic Reporting. The stored data will be incorporated into the Analytic Reporting Service so that submitting carriers can obtain a complete view of their business through DTCC s Analytic Reporting online information service. There will be no retransmission of the transaction data itself to distributors. Those distributors may, however, subscribe to Analytic Reporting to utilize the data. 2

4 How to Send Transaction Data: 1. Submitting data for transactions with Distributors that are DTCC Members, but are not using the FAR service for transaction reporting The following procedure explains how to use the FAR service to submit data on transactions with Distributors that have a DTCC participant number but are not accepting transactions through the FAR service. Data on transactions with these Distributors should include their DTCC participant number. If you do not know the DTCC participant number or wish to verify, please visit the I&RS website at or contact your Relationship Manager. Record Layout Instructions: FAR 40 Submitting Header Record same as you do for regular FAR files FAR 42 Contra Record: Contra Participant Number (byte 4-7), use applicable DTCC Participant Number. Associated Firm ID (bytes 8-11) fill in with same number as Contra Participant Number or applicable associated firm number. Associated Firm Submitted Contract Count (bytes 12-21) fill in with count applicable to how many records (contracts) follow the contra header (10 contracts = ) Associated Firm Delivered Contract Count (bytes 22-31) fill in with 10 zeros. Stage Code fill with INA Analytic Reporting Indicator (byte 35) - fill with a Y. Analytic Reporting Tax Id (bytes 36-44) fill with spaces Analytic Reporting Firm Name (bytes ) fill with spaces. Filler (bytes ) fill with spaces. FAR to same as you do for regular FAR files. 3

5 Exhibit A 4

6 2. Submitting data for transactions with Distributors that are not DTCC Members The following procedure is for submitting data on transactions with Distributors that are not DTCC Members, and that therefore do not have a DTCC participant number. For these firms, Carriers will need to provide the tax identification number for each distributor named in the submitted transaction data. DTCC will use the tax id number as the unique identifier for these firms. Note: This scenario can also be used by Carriers that are unable to populate DTCC participant numbers for member Distributors that do not utilize the FAR service.y Record Layout Instructions (See Exhibit B): FAR 40 Submitting Header Record same as you do for regular FAR files FAR 42 Contra Record: Contra Participant Number (byte 4-7), fill with DTCC. Associated Firm ID (bytes 8-11) fill with DTCC Associated Firm Submitted Contract Count (bytes 12-21) fill in with count applicable to how many records (contracts) follow the contra header (10 contracts = ) Associated Firm Delivered Contract Count (bytes 22-31) fill in with 10 zeros. Stage Code fill with INA Analytic Reporting Indicator (byte 35) - fill with a Y. Analytic Reporting Tax Id (bytes 36-44) fill in with applicable 9 byte tax identifier Analytic Reporting Firm Name (bytes ) fill in with applicable firm name. This is the name that will be displayed in the Analytic Reporting reports. Filler (bytes ) fill with spaces. FAR to same as you do for regular FAR files. 5

7 Exhibit B 6

8 Technical Flow Carrier submits FAR file to DTCC FAR DTCC receives FAR file and validates FAR Yes Is Analytic Reporting filled with Y No FAR Distributor receives FAR file from DTCC Analtyics Database Analytic Reporting Customer Interface 7

9 File Submission Information: Carriers may submit transaction data in their existing FAR file or choose to send in a separate file. Files can be transmitted at the following times: Monday to Friday 2am to 12am ET Saturday 2 am to 3pm ET Files may be sent at a frequency of your choice (daily, weekly, and monthly). If files are large, it may be advantageous to send these files separately from your regular production files at an off peak period of processing. Contact Information: If you have questions about this guide or questions on any I&RS product, please contact your Relationship Manager directly. If you do not know your Relationship Manager, insurance@dtcc.com and an I&RS representative will contact you as soon as possible. 8