Under the terms of the deal, MetraTech has authorized DTCC to use its MetraNet platform in order to enable the latter to deliver billing and billing-related services to customers across its global product portfolio.
Designed as a charging, billing and settlement product, the MetraNet system enables various business models to be supported across a range of industry types. In addition, via the new application, DTCC customers will be provided with online fee analysis. They will also have the ability to configure and manage their account data as well as export it to a spreadsheet for further analysis.
DTCC offers clearance, settlement and information services for equities, corporate as well as municipal bonds. Furthermore, the company is also a processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.
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