DEPEND supports a flexible billing module that will provide the following features to the customer:
- Definition of one or more billing centres
- Definition of tariff rules for calculating the fees and charges for the CSD’s services
- Support for multiple currencies
- The ability to configure the automatic creation of billing event data based on operational triggers defined by the customer
- The ability to record expenses incurred on the behalf of service users such as postage and other out of pocket items
- Provision of an externally facing API to allow billing event data to be generated through integration with external systems
- Support for billing for a range of service users including: Participants
Issuers
Investors Ad hoc third party - Automatic calculation of monthly charges for all service users based on the configured tariff rules and the accumulated billing event data
- Automatic generation of itemised invoices on the basis of the calculated charges
- The ability to manually edited the previously generated charges to make ad hoc changes
- The ability to manually create invoices to existing participants, issuers, investors or ad hoc third parties
- The ability to report, review, recalculate charges, and regenerate invoices until approved
- The optional ability to generate payment only instructions for invoices directed at settlement participants