DTCC-NSCC Library Release Notes

DTCC-NSCC Library Release Notes

FAR - Financial Activity Reporting

FAR - Financial Activity Reporting

Effective in the September 2022 update, FAR – Financial Activity Reporting includes the following changes to the FAR Records.

FAR 43/01 Contract Record

The following table describes the modifications to the FAR 43/01 Contract Record code list:
Code List
Description
IRS Qualification
The following codes are added to the IRS Qualification code list:
  • 36 - Target Benefit Plan
  • 41 - Texas ORP - Optional Retirement Program
Item # 5023

FAR 43/05 Contract Transaction Record

The following table describes the modifications to the FAR 43/05 Contract Transaction Record code list:
Code List
Description
Transaction Identifier
The following codes are added to the Transaction Identifier code list:
  • 60 - Advanced Premium Deposit Account - Deposit
  • 160 - Advanced Premium Deposit Account - Deposit Reversal
  • 61 - Advanced Premium Deposit Account - Maintenance
  • 161 - Advanced Premium Deposit Account - Maintenance Reversal
  • 62 - Advanced Premium Deposit Account - Interest Crediting
  • 162 - Advanced Premium Deposit Account - Interest Crediting Reversal
  • 63 - Advanced Premium Deposit Account - Premium Transfer
  • 163 - Advanced Premium Deposit Account - Premium Transfer Reversal
  • 64 - Advanced Premium Deposit Account - Withdrawal
  • 164 - Advanced Premium Deposit Account - Withdrawal Reversal
  • 51 - Strategy Fee
  • 151 - Strategy Fee Reversal
  • 54 - Strategy Fee Credit
  • 154 - Strategy Fee Credit Reversal
Item # 5057
Transaction Source Indicator
The following code is added to the Transaction Source Indicator code list:
  • R - Carrier
Item # 5127

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