With COM, clients can: Automate settlement of commissions and compensation dollars, along with all other financial transactions, through NSCC, eliminating numerous wire and manual check payments.
Enable the payment of commissions on a daily basis. Increase efficiency and reduce costs by decreasing the resources needed to process commissions and expanding the volume of commissions that can be processed each day. Eliminate debit balances by allowing carriers to consolidate all commission payments and chargebacks applicable to a distributor’s account on a daily basis, thereby eliminating situations where debit balances exist due to chargebacks. Secure confidential data through DTCC’s Securely Managed and Reliable Technology (SMART) network, which provides centralized, end-to-end managed communications for all post-trade clearance and settlement processing.