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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.

  • WHO CAN USE THE SERVICE

    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.

  • BENEFITS

    With SUB, clients can:

    • Settle money the same day for subsequent 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.
    • Simplify and streamline premium payments and lower costs by reducing paper and manual processing so that distributors can focus on servicing customers.
    • 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.

  • HOW THE SERVICE WORKS

    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.

  • For More Information

    To request additional information, please click here.

Additional Resources

  • News

    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.

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  • Legal

    Get legal information about DTCC's Subsequent Premiums service which streamlines premium payments and lowers costs by reducing paper and manual processing.

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  • Client Center

    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.

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DTCC Learning

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.

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