1035 Exchange & Replacement

The solution supports a multiparty, end-to-end, replacement process by sharing existing contract and replacement requirements, providing transparency through status updates, and simplifying information exchange.

Benefits:

  • Decrease processing time per transfer

  • Provide instant notification across multiparty channel

  • Improve transparency of information to all stakeholders in the process

  • Reduce Not In Good Order - NIGO

Ecosystem:

  • Included a broad ecosystem of carriers, distributors, annuity order entry systems, and DTCC