Our new, searchable Glossary of DTCC & Industry Terms will help improve your understanding of key terminology and acronyms used in DTCC and across the post-trade industry.
DTCC Payment aXis®
DTCC Payment aXis® automates and streamlines the processing of commissions and various mutual fund fee types, including the transmission and settlement of invoices for broker controlled and retirement plan accounts.
DTCC Payment aXis is accessible via mainframe over DTCC’s SMART connection, with settlement processes leveraging NSCC’s net settlement system.
DTCC Payment aXis® Commission & Fee Settlement Record Layouts
DTCC Payment aXis® Invoicing and Fee Settlement Record Layouts