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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:

    • Settle money the same day for annuity applications and initial premium payments.
    • Automate reconciliation of receipts and payments; eliminate checks and wire transfers and their associated costs.
    • Achieve a higher percentage of “in-good-order” business by reducing the number of data-entry errors and minimizing paper applications and supporting documents that are incomplete or deficient.
    • Simplify and streamline the sales process and lower costs by reducing paper and manual processing so that distributors can focus on creating new business opportunities and servicing customers.
    • Improve turnaround time for issuing annuity contracts, to one day in many cases.
    • 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.


    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.

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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.