Depository Trust and Clearing Corporation
DTCC INSURANCE & RETIREMENT SERVICES
March 2016 ENHANCEMENT RELEASE
REQUIREMENTS DOCUMENT
Requirements Overview
This document provides the detailed changes made to the I&RS record layouts as part of the March
2016 Enhancement Release. These changes are based on submitted recommendations made by
I&RS participants. All enhancements were reviewed and approved by the I&RS Review Board.
The enhancement requests can be found in the Participant Section of our website
(http://www.dtcc.com/products/insurance) under Enhancements, and then Current Release. The
enhancement numbers are listed (IPS00###) next to each request in this document.
Important Information:
Do not use the enhancement documents on the I&RS website for programming. The Draft
Record Layouts and Requirements Document (this document) should be used for this
purpose. The original enhancement request forms are provided to know the originator of the
request and understand the business case for the change.
Products Included in this Enhancement:
AAP – Annuity Asset Pricing
APP/SUB – Initial Applications & Subsequent Premiums
ATT – Attachments and Attachments Access
FAR – Financial Activity Reporting
IFT – Inforce Transactions and Inforce Transactions Access
IFT Web Services
POV - Positions and Values, which is made up of 3 types:
 PVF – Positions & Values Full Refresh File
 PNF – Positions New Business File
 PFF – Positions Focused File
PRP – Positions for Retirement Plans
STL – Settlement for Insurance Processing
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2016 March Enhancement Release Dates (subject to change)
Test
Thursday, February 25th
Turnover Times (all ET):
APP/SUB – 4 pm
ATT – Start of Business February 26th
FAR – 4 pm
IFT – 4 pm
IFT Web Services – Start of Business February 26th
POV – 4 pm
PRP – 4 pm
STL – 4 pm
Production
Thursday, March 24th
Turnover Times (all ET):
AAP – 6 pm
APP/SUB – 6 pm
ATT – Start of Business March 25th
FAR – 6 pm
IFT – 6 pm
IFT Web Services – Start of Business March 25th
POV – 6 pm
PRP – 6 pm
STL – 6 pm
Submitting Firms: Any files submitted after the times listed above will be edited based on March
2016 Release changes.
Receiving Firms: Times listed above are the last cycles that the files will be received in the old
format.
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Enhancement Changes
1. AAP – Annuity Asset Pricing
IPS00494 – AAP – Add Output Cycle (Mandatory)
There is a need to align Asset Pricing with the Positions and Financial Activity Reporting 4am output cycles.
Add a 4am Output Cycle to Asset Pricing in Production.
New AAP Production Output Times: 4 AM, 6 AM, 9 AM, 12 PM, 3 PM, 6 PM & 9PM
There is no change to the test region output cycles.
2. APP/SUB – Initial Application & Subsequent Premiums
IPS00497 – APP/SUB – Add New Qual Code Type (Optional)
Add new item to IRS Qualification Code list#4034
80 - Roth 457
3. ATT – Attachments and Attachments Access
IPS00496 – ATT - Add New Attachment Type (Optional)
Pacific Life requested an additional code from the ACORD Attachment type code list “506” to uniquely
identify any document(s) associated with the meta data of the e-signature signing ceremony. Currently
there is not a unique code to identify this type of document and a generic code “1” is being used; which is
named “Document” and could refer to any type of document.
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Add a new Attachment Type to Attachments and Attachments Access
506 - Electronic Signature Summary
Definition: The page or report used to summarize the data associated with electronic signatures (esignatures) received as part of an application or authorization.
4. FAR – Financial Activity Reporting
IPS00497 – FAR – Add New Qual Code Type (Optional)
Add new item to IRS Qualification Code list#5023
80 - Roth 457
IPS00498 – FAR – Add Retirement Fields and Edits (Optional)
When reporting the retirement plan financial transactions on FAR, the following changes need to be made
to allow the identification of the plan and/or participant of the plan.
1) Add “Plan Number” field to the 43/01 Contract Record
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Item #5147
A/N
Byte Location – 203-232 30 bytes
Optional
2) Add new code to the Contract Entity Role #5030
PP - Plan Participant
3) Add new code to the Contract Entity Personal Qualifier #5039
PU – Provider User Defined
4) Add new edit: If Contract Entity Role #5030 = PP then Contract Entity Personal Identifier #5038
becomes required (Reject #481 – Contract Entity Personal Identifier Missing)
IPS00505 – FAR – Add New Trans ID Codes (Optional)
Life policies are charged for the costs of underwriting, issuing (including sales commissions), and
administering the policy. It is imposed on the base Policy face amount. Currently there is no way to
properly report these charges.
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Add the following items to Transaction Identifier Code list #5057
36 – Coverage Expense Charge
136 – Coverage Expense Charge - Reversal
5. IFT – IFT and IFT Access
IPS00503 – IFT – Add New Carrier Reject Reasons (Optional)
Pacific Life requested a new reject code to indicate that rep share percentages are limited to one decimal
place. We can reject them with a “generic code” but this leads to phone calls and a bad customer service
experience. By adding this code the Broker/Dealer would know to resubmit the transaction with the
appropriate percentage without having to call.
Add new codes to Transaction Status Reason #7036 in IFT and IFT Access
General
802 - Carrier does not allow decimals
803 - Carrier only allows 1 decimal place
804 - Carrier only allows 2 decimal places
6. IFT – IFT Web Services
IPS00496 – IFT Web Services - Add New Attachment Type (Optional)
Pacific Life requested an additional code from the ACORD Attachment type code list “506” to uniquely
identify any document(s) associated with the meta data of the e-signature signing ceremony. Currently
there is not a unique code to identify this type of document and a generic code “1” is being used; which is
named “Document” and could refer to any type of document.
Add a new Attachment Type to Withdrawals and Arrangements
506 - Electronic Signature Summary
Definition: The page or report used to summarize the data associated with electronic signatures (esignatures) received as part of an application or authorization.
IPS00507 – IFT Web – Make Modal Amt and Pct Optional (Optional)
Modal Amount and Percent are not always available to transmit.
Change the Modal Amount and Modal Percent from Mandatory to Optional on Arrangements 107.
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7. POV – Positions & Valuations
IPS00497 – POV – Add New Qual Code Type (Optional)
Add new item to IRS Qualification Code list#3031
80 - Roth 457
IPS00500 – POV – Add New Rider Sub Type Code (Optional)
Add new item to Rider Sub Type Code list #3612
60 –Roll-Up Guaranteed Withdrawal of Life Benefit
Definition: A "roll-up" provision will allow the Benefit Base to compound at a stated percentage modally for
a stated period of time or the first withdrawal.
This should be used in conjunction with Rider Type Code 215 - Guaranteed Minimum Withdrawal for Life
Benefit (GWLB).
IPS00504 – POV – Increase Looping (Mandatory)
Increase the looping of the 13/04 Contract Band /Guaranteed Record from 999 to 1999 per 13/03
Underlying Assets Contract Record.
PRP – Positions For Retirement Plans
IPS00499 – PRP – Add New Edit (Optional)
With the support of Retirement Plan reporting for both the plan and participant level as well as the
development of the PRP (Positions for Retirement Plans), the new business edit will be needed.
When reporting on the participant level, the participants must be unique on the file.
On the 93/08 Plan Participant record, the Participant Identifier #8070 must be unique on each file
between each Plan Number #8001 and Contract Number #8019.
STL – Settlement For Insurance Processing
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IPS00495
– STL – Add Pre and Post TEFRA Fields (Optional)
This change is needed in order for the receiving carrier to obtain the correct information from the
delivering carrier for tax reporting when processing a 1035 Exchange through STL. The cost basis is the
total of the Pre and Post TEFRA Amounts.
1) Change the name of the Cost Basis Dollar Amount Field #2017 to Post TEFRA Amount. Also change
the name of the corresponding reject #510.
2) Add “Pre TEFRA Amount” field to the 62/01 Contract Record #1
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Item #2018
Numeric 9(14)v99
Byte Location – 211-226 16 bytes
Optional
Reject#511
3) Add “Cost Basis Not Passed” field to the 62/01 Contract Record #1
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Item #2019
Code List
Byte Location – 227-228 2 bytes
Reject#512
Optional/Conditional -
If the Transaction Type #2003 is FS or PS and both the Post TEFRA Amount field #2017 and Pre
TEFRA Amount field #2018 are spaces then the “Cost Basis Not Passed” field is required.
4) Add “Cost Basis Not Passed” Code List #2019
01 - Cost Basis Will Be Sent Separately
02 - Cost Basis Is Unknown
03 - Cost Basis Is Not Applicable
IPS00502 – STL MSD – Ceding/Receiving Carrier Contract Number (Mandatory)
1) Change the current Contract Number field for STL 1035 Exchanges to include the ceding carrier’s
contract/policy number for a 1035 exchange. Currently it is populated with the receiving carrier’s
contract/policy number.
2)
Add a new field to the STL MSD that will include the “Receiving Carriers Contract/Policy Number”
for a 1035 exchange.
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Byte Location – 50-79 30 bytes
A/N
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APPENDIX
Documentation Changes
Date
11/17/2015
11/19/2015
01/07/2016
Changes
Final Version
Under FAR #3 changed PUD code to PU
Changed the byte location of Carrier Contract Number on MSD for STL RPL
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