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The NSCC Defined Contribution Interface enables the Third Party administrator (TPA)/Settling Entity relationship to function within Fund/SERV® and Networking.
The Fund, Settling Entity, insurance companies, and TPA can share the following information exchanged through Fund/SERV® and Networking:
- Trade information
- Account activity
- Position balances
- Dividends information
Client roles are determined by the following trading arrangements:
|Dual-Party Trading - This trading arrangement assumes that a bank/trust company, broker/dealer, or insurance company, acting as record keeper for the plan, submits Fund/SERV® transactions. Submission of these transactions obligates the submitting party for settlement.
|Tri-Party Trading - This trading arrangement assumes that an NSCC TPA member, acting as record keeper for the plan, submits Fund/SERV® transactions. Submission of these transactions obligates the bank/trust company, insurance company, or a broker/dealer for settlement.