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London Market Implementation of ACORD DRI Messages and Data

Introduction

Purpose of this document

The purpose of this document is to aid trading party understanding of ACORD Document Repository Interface (DRI) usage in the London Market for the purpose of exchanging documentation.

This document will be subsumed into, and superseded by, future releases of the London Market Accounting and Settlement Technical Information document.

Background

Formed in November, 2005, the London Market Technical Implementation Group (TIG) is the owner of the London Market definition of the ACORD1 Document Repository Interface (DRI) standards. TIG is a working group made up of representatives from all aspects of the London insurance market and ACORD.

The ACORD DRI standards are a set of internationally agreed technology standards that enable electronic communication of documents. The international standards have made provisions for a variety of implementations and have therefore been open to different interpretations.

The London Market definition of the DRI standards is to be implemented by any trading party that wants to exchange documents electronically using the ACORD DRI standards with any other trading party in the London Market. Trading parties are advised to ensure that their solutions adhere to these standards and match the evolution timetable of counterparties.

Included amongst the functions [deliverables] established in the TIG Terms of Reference are:

1 ACORD is a non-profit association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries

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