Open Annuity Application Record Layout

In a move to foster a single industrywide standard for new business data exchange between insurance carriers and their distributors, The Depository Trust & Clearing Corpor-ation (DTCC), New York, will make available to the industry its copyrighted record layout for the sale and processing of fixed and variable annuity applications. Currently, insurance carriers have to build proprietary processing systems to link with individual distributors, leading to a complex network of point-to-point systems. Insurance distributors and carriers may use the record layout and process annuity applications through DTCC's Insurance Services or via other service providers. Insurance distributors can access the application record layout by going to DTCC's Insurance Services Web site at http://ips.dtcc.com/