Subsequent Premiums (SUB) transmits subsequent premium information from distributors to insurance carriers. The service provides an efficient, straight-through process for validating, formatting, and submitting subsequent premium payments while incorporating same-day money settlement.
Subsequent Premiums (SUB) 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 SUB, clients can:
Using a mainframe or Internet connection, distributors electronically send subsequent premium information to NSCC, which then routes the payments to insurance carriers and settles the premium.
Please email us at [email protected] or fill out a contact us form.
Read the latest news about DTCC's Subsequent Premiums (SUB) service which helps clients settle money the same day for subsequent premium payments. Visit the website.
Get legal information about DTCC's Subsequent Premiums service which streamlines premium payments and lowers costs by reducing paper and manual processing.
Download technical documentation (public & secured) to learn more about DTCC's Subsequent Premiums (SUB) services. Call us at 1-888-382-2721 for more detail.
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.