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MetraTech to Deliver New CETIP Billing Platform

MetraTech to Deliver New CETIP Billing Platform

Billing System Specialist MetraTech

(PRWeb UK) February 9, 2011

In striving to keep pace with innovative new financial product offerings in increasingly competitive global markets, many clearing and settlement organisations are outgrowing their existing, often bespoke, billing platforms. One company taking steps to combat this is Brazil-based CETIP – Latin America’s largest central depository for over-the-counter (OTC) derivatives and private debentures securities.

MetraTech Corp (, the innovative charging, billing, settlement and customer care system provider, has announced that it has been selected by CETIP to provide billing system services across its entire product portfolio.

Operating from Rio de Janeiro and Sao Paulo, CETIP ensures support to the entire operational cycle of the financial markets by integrating custody, electronic trading, trade registration and financial settlement for transactions involving fixed income securities and OTC derivatives.

The company required a financial services billing system that would not only accurately and transparently bill for current and future CETIP services, but also keep pace with the demands of a rapidly evolving market. MetraTech’s billing system fits perfectly, giving CETIP the ability to scale its business via new product offerings, channel support and geographic expansion. The new financial services billing platform will also handle any monetisation aspects of CETIP’s service contracts and meet the unique requirements of individual customers, but in a systemic manner - improving speed, traceability and accuracy with less maintenance.

Commented Francisco Carlos Gomes, chief financial officer, CETIP, "We believe that the right billing system is the flexible backbone on which we will continue to build a successful future; one that will enable us to support increasingly complex and varied products and services. In MetraTech, we have found a partner who will meet our needs both immediately and into the future."

“In line with our strategy to assist the world’s leading financial services organizations with the modernization of their billing services, we are delighted that MetraNet has been chosen to support one of the largest infrastructure providers in Latin America,” concluded MetraTech’s Scott Swartz, chief executive officer of the telecom, enterprise and subscription billing system specialist. “MetraNet will enable CETIP to face and meet the demands of a rapidly evolving market with confidence.”

Visit to find out more about MetraTech and its financial services billing solutions.

About MetraTech

MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organisations to embrace change without compromise. MetraNet, the company’s flagship financial services billing system, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. Billing platform MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in some 12 languages, 26 currencies and 90 countries. For more information, please visit


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