Subsequent 溢价s

Subsequent 溢价s (SUB) transmits subsequent premium information from distributors to insurance carriers. The service provides an efficient, straight-through process for validating, 格式化, and submitting subsequent premium payments while incorporating same-day money settlement.

• Who Can Use The Service

  Subsequent 溢价s (SUB) is available to firms that are members of 存’s National Securities 清算 Corporation (NSCC). 点击 在这里 for information on how to become a member of NSCC.

• 好处

  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 存’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.

  示意图

• For More Information

  Please email us at [email protected] 或者填写一份 联系我们 form.