PPfA/DPfA
This is a chart of the details that are entered within the PPfA to list what the available selections are for the Asset Rebalancing feature. The PPfA modelling will match the DTCC as to what ACORD value types are allowed in ACORD driven fields. There are more values allowed within the ACORD structure, but we are unable to support them at this time due to DTCC having a limited code list. An attempt to transmit ACORD values unsupported by the DTCC will cause a transaction to be rejected.
Parameters
| Parameter | Usage (R=Required, O=Optional, O/C=Optional Conditional) |
Data Type | Valid Values | Description |
| FeatureCode | R | String | ||
| Name | R | String | ||
| Description | R | String | ||
| SelectionRule | R | Integer | ||
| MaxNumInstances | R | String | ||
| FeatureMappingCode | R | Integer | OLI_LU_OBJECTYPE | 89 – Arrangement |
| ArrType | R | Integer | OLI_LU_ARRTYPE | 1 – Transfer |
| Sequence | R | String | ||
| FeatureConflict
FeatureCode |
R | String | ||
| FeatureOptProduct
ProductCode |
R | String | ||
| FeatureOptProduct
Name |
R | String | ||
| FeatureOptProduct
Description |
R | String | ||
| FeatureOptProduct
SaleEffectiveDate |
R | Date | ||
| FeatureOptProduct
SaleExpirationDate |
R | Date | ||
| FeatureOptProduct
NoNewMoneyDate |
R | Date | ||
| FeatureOptProduct
DefaultInd |
R | Boolean | 0 – False
1 – True |
|
| FeatureOptProduct
RevokableInd |
R | Boolean | 0 – False
1 – True |
|
| FeatureOptProduct
SignatureRequiredCode |
R | Integer | OLI_LU_SIGNREQUIRED | 1 – No Signature Required
2 – Signature is required with Application 3 – Required at Carrier before issue 4 – Electronic Signature |
| FeatureOptProduct
AgeCalculationType |
R | Integer | OLI_LU_AGECALCMETH | 1 – Age Next Birthday
2 – Age Last Birthday 3 – Age Nearest in days 4 – Age Nearest by Month/Date 5 – Natural Age is offset by a factor to compensate for gender in a non-sex-distinct mortality table, or to effect a substandard rating |
| FeatureOptProduct
ParticpantBasedon |
R | Integer | OLI_LU_PARTICROLE | 1 – Primary Insured
18 – Owner 27 – Annuitant 36 – Both Annuitant and Owner 42 – Owner if Person |
| FeatureOptProduct
MinContractAmt |
R | String | ||
| FeatureOptProduct
MaxContractAmt |
R | String | ||
| FeatureOptProduct/PaymentModeMethProduct
PaymentMode |
R | Integer | OLI_LU_PAYMODE | 1 – Annual
2 – Semi-Annual 3 – Quarter or Quarterly 4 – Month or Monthly 5 – Semi-Monthly (twice a month) 6 – Week or Weekly 7 – Be-Weekly (every two weeks) 8 – Day or Daily 9 – Single Payment 15 – Every 2 Months
The above values are what are allowed by DTCC, ACORD has more valid values but until they are supported at DTCC we cannot allow them.
|
| FeatureOptProduct/PaymentModeMethProduct
PaymentModeMethDesc |
R | String | ||
| FeatureOptProduct
MaxNumDestinationInvestProd |
R | String | ||
| FeatureOptProduct
MaxNumInstances |
R | String | ||
| FeatureOptProduct
MinNumSourceInvestments |
R | String | ||
| FeatureOptProduct
MinNumDestinationInvestments |
R | String | ||
| FeatureOptProduct
Sequence |
R | String | ||
| FeatureOptProduct
ArrSubType |
R | Integer | OLI_LU_ARRSUBTYPE | 26 – Full Rebalance
27 – Fund Balance Transfer 28 – Percent of Contract Value Transfer 29 – Specified Amount Transfer |
| FeatureOptProduct/AllocTypeProduct
DestTransferAmtType |
R | Integer | OLI_LU_TRNSFRAMTTYPE | 3 – Percentage
|
| FeatureOptProduct/AllocTypeProduct/
MarketingName |
R | String | ||
| FeatureOptProduct/DestInvestProduct
CarrierCode |
R | String | ||
| FeatureOptProduct/DestInvestProduct
ProductCode |
R | String | ||
| FeatureOptProduct/DestInvestProduct
MinAmt |
R | String | ||
| FeatureOptProduct/DestInvestProduct
MaxAmt |
R | String | ||
| FeatureOptProduct/DestInvestProduct
MinPct |
R | String | ||
| FeatureOptProduct/DestInvestProduct
MaxPct |
R | String | ||
| FeatureOptProduct/DateCollection
EffDateEntryRule |
R | Integer | OLI_LU_DATECOLLECT | 1 – Start Month and Year are Required
2 – Start Month and Year are Optional 7 – Do Not Collect Date
|
| FeatureOptProduct/DateCollection
EndDateEntryRule |
R | Integer | OLI_LU_DATECOLLECT | 5 – Complete Date is required
6 – Complete Date is Optional 7 – Do Not Collect Date 9 – Number of Transfers or Complete Date Required |
FeatureTransactionProduct PPfA valid fields and expected values
These are the fields needed to add the FeatureTransactionProduct itself to the PPfA for Fund Transfers.
| Parameter | Usage (R=Required, O=Optional, O/C=Optional Conditional) |
Data Type | Valid Values | Description |
| TransAvailableDate | R | String | ||
| TransEndAvailable | R | String | ||
| TransType | R | Integer | OLI_LU_TRANS_TYPE_CODES | 102 – Fund Transfer |
| ArrType | R | Integer | OLI_LU_ARRTYPE | 1 – Fund Transfer |
| FeatureProdcuctInfo
FeatureCode |
R | String | ||
| FeatureProdcuctInfo
TransmissableInd |
R | Boolean | 0 – False
1 – True |
|
| FeatureProdcuctInfo/ActionTypeAllowed
ActionTypeAllowed |
R | Integer | OLI_LU_ACTIONTYPE | 1 – Initiate/Add
|
| FeatureProdcuctInfo/PolicyStatus
PolicyStatus |
R | Integer | OLI_LU_POLSTAT | 1 – Active |
Fund Transfer DPfA Update Details
The DPfA modelling for In Force transactions will not change the product itself. If a Carrier/Distributor has the product on the PPfA/DPfA and Fund Transfer are modelled they will show in that system (adding the Fund Transfer modelling to the existing New Business or Subpay PPfA). The information read in the PPfA will determine what type of transactions are available for the user. You can setup a product and promote the product to allow Fund Transfer only if that is the way you want to proceed with a specific product (if not approved for New Business or Subpays).
<AllowedFeatureTransaction id=”_bff16922-94a2-49dd-9e72-c66bbc8212a8″>
<TransType tc=”102″>Fund Transfer (one time or automatic for investment or policy)</TransType>
</AllowedFeatureTransaction>
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