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Printer-Friendly Last Updated: 6/13/08 Web EFTSM

Why subscribe to Web EFT? Web EFT is a secure, state-of-the-art electronic file transfer application that eliminates the need for firms to manually submit online form filings to Web CRD^®. By providing a mechanism to submit batch transmissions over the Internet, Web EFT can significantly streamline registration processing by reducing the amount of time and effort needed to manually file Form U4, Form U5, Form BR and NRF. In addition to supporting batch transmissions to Web CRD & IARD, Web EFT also allows firms to receive daily and weekly downloads such as accounting transactions, exam results, terminations, and fingerprint statuses directly from Web CRD & IARD. Firms can then easily upload registration-related data as needed into their internal systems.

With the deployment of the Branch Office functionality in Web CRD, Web EFT offers firms the ability to easily associate registered individuals to a branch office in a single batch file.

Features

Web EFT provides firms the following functionality/benefits in terms of batch filing options and data access:

• Multiple filing types that can be submitted as electronic file transfers. 
• EFT download service that provides CRD & IARD data downloads.
• Extensive access to firm data. 
• Increased security for file transfers. 
• Elimination of double entry of filings, thus, reducing costs, reducing data entry errors, and improving filing turnaround times.

User Guidance

The following links provide guidance on using the Web EFT system:

• Web EFT Getting Started Information & Forms
  Detailed information and required forms for firms interested in participating in the Web EFT Program are provided.
• Web EFT User Guide (PDF 351 KB)
• Web EFT Frequently Asked Questions
• Notice to Members 03-14 – "NASD Announces Implementation of Web EFT and Amends Section 9 of Schedule A to the NASD By-Laws Establishing an Annual Subscription Charge for NASD Members That Use Web EFT"

Web EFT Availability *

The Web EFT Test Environment, https://fsgtest6.finra.org/, is available as follows:

Monday through Friday, 9 a.m. - 6 p.m., Eastern Time (ET)

The Web EFT Production "Live" Environment is available as follows:

Monday through Friday from 7 a.m. to 11 p.m., ET.
Web EFT is also generally available three Saturdays of each month from 8 a.m., ET until 6 p.m., ET.

*Availability is subject to change and updates will be communicated via the Broadcast Message in Web CRD.

Subscription Services

Subscription fees for this secure, web-based technology are assessed annually as follows:

• Form Filing Fee: $3,600 per year

• Data Download Fee: $1,800 per year

  
  or
  
  
• Form Filing & Data Download Fee: $4,800 per year

For questions that you may have regarding Web EFT, please contact the Gateway Call Center at (301) 869-6699.