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Article: DTCC Rolls Out Electronic Solution to Streamline Insurance Industry Business Transactions.
- Article from:
- Entertainment Close-up
- Article date:
- October 25, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Depository Trust & Clearing Corp. (DTCC) announced the launch of "Attachments," a new electronic solution designed to streamline the processing of required paperwork and signatures for pre-sale and post-issuance transactions in the insurance industry.
Attachments allows insurance carriers and distributors to electronically exchange unstructured information, such as digital or imaged documents, signatures, and forms that are required in the processing of annuity and life insurance contracts.
Developed by Insurance & Retirement Services, Attachments mitigates operational risk by reducing the number of "not-in-good-order (NIGO)" transactions, and ...