Applications & Premium (APP) transmits annuity application and initial premium information from distributors to insurance carriers. The service provides an efficient, straight-through process for validating, formatting and submitting annuity applications and initial premium payments while incorporating same-day money settlement.
Applications & Premium (APP) is available to firms that are members of DTCC’s National Securities Clearing Corporation (NSCC). Click here for information on how to become a member of NSCC.
With APP, customers can:
Using a mainframe or Internet connection, distributors electronically send application and premium information to NSCC, which then routes the applications and payments to insurance carriers and settles the premium.
To request additional information, please click here.
Read the news about Applications & Premium (APP) service which helps in settling money the same day for annuity applications and initial premium payments. Learn more.
Get all the legal information about Applications & Premium (APP) service which improves turnaround time for issuing annuity contracts, to one day in many cases.
Download user manuals and supporting technical documentation to learn more about DTCC's Applications & Premium service. Call us at 1-888-382-2721 for support.
DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries.