The Depository Trust & Clearing Corporation (DTCC) hasannounced the launch of Attachments, a new electronic solutiondesigned to streamline the processing of required paperwork andsignatures for pre-sale and post-issuance transactions in theinsurance industry.

Attachments allows insurance carriers and distributors toexchange electronically unstructured information, such as digitalor imaged documents, signatures, and forms that are required in theprocessing of annuity and life insurance contracts.

Attachments mitigates operational risk by reducing the number of"not-in-good-order" transactions and preventing delays associatedwith faxing or mailing paper documents. It also helps to meetincreasing regulatory and compliance requirements by introducing anautomated process that produces a transparent audit trail.

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