Licensing and Commissions (EFT Reject's and Terminations)

EFT stands for "Electronic Forms Transfer"

When the assignee EFT has rejected, use the assignment search to locate all producer codes that have been built with this assignee.

"Type of Return: C" on an EFT Reject is considered:

The previous image does not have money on the account

If new information has not been received in eProcess, verify if the address was set up according to the original request received.

(See previous image) When working EFT Rejects, and you see a check mark in the Assignments box - that means there is an assignee present, and you would note to CAJ the assignee.

When we reroute to the accounting team, you must route it to the Lyn_Accounting_Team.

If there is money on the reject, check PPLUS to see if the EFT information has already been updated

All routing numbers have how many digits:

When the hierarchy tab and producer code of a specific relationship/upline is being terminated, this is considered a State Termination.

Termination requests must be received by: (Check all that Apply)

If a Non-State term request is received, all producer codes and legal entities associated with that firm relationship should be terminated unless specifically indicated in the request. Firms that have relationships with firms for different lines of business should not be terminated unless proper security given.

If you need to term both the agent and the corporation, you will need to clone out and work each termination in separate work items.

When the ‘Display Active Agreements Only,’ box is checked, only terminated agreements will appear.

If a termination request came from the agent, you would choose which termination reason in the drop down box:

Compensation Reverts To what, in the drop down box:

If you receive a "Subordinates Exist" Error for a Top Level change, you would change the work type to "Top Level Update" and launch the work item.

The Producer Tab is the first tab to be terminated

If you receive a request from the GA/Firm, and there is no date indicated, you would use which date:

If you receive an IGO standalone Non-State Termination request, send a confirmation email to their back office/firm.

If the termination reason is not given on the request, and if the request did not come from a FI or FI through BGA relationship, we must inquire to the reason for the request. Offshore should: