New Financial Billing System for CETIP - MetraTech Corp

By Metratech Corp., PRNE
Tuesday, February 1, 2011

LONDON, February 2, 2011 - MetraTech Corp (, the innovative financial
services billing system provider, has announced that it is to work with CETIP
to provide billing platform services across the OTC clearing house's entire
product portfolio.

CETIP is Latin America's largest central depository for over-the-counter
(OTC) derivatives and private debentures securities in Brazil. With
operations in Rio de Janeiro and Sao Paulo, it was created by financial
institutions and the Central Bank of Brazil in 1984 to ensure support to the
entire operational cycle of the financial markets.

Now, while striving to support innovative new financial product offerings
in increasingly competitive global markets, clearing and settlement
organisations are rapidly outgrowing their often bespoke billing systems.
They are seeking financial services billing solutions that will help them
accurately and transparently bill for their current and future services.

MetraTech's flagship billing platform MetraNet will provide CETIP with a
billing system ( that enables the organisation to
keep pace with the demands of a rapidly evolving market, including the
ability to support both product and contract innovation from a growing
customer base in expanding geographies.

Crucially, the new billing platform ( will also
handle any monetisation aspects of CETIP's service contracts and meet the
billing requirements of individual customers in a systemic manner -improving
speed, traceability and accuracy with less maintenance. Furthermore, the
MetraTech billing system will give CETIP the ability to scale its business
via new product offerings, channel support and geographic expansion.

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

"In line with our strategy to assist the world's leading financial
services organizations with the modernisation of their billing services, we
are delighted that MetraNet has been chosen to support one of the largest
infrastructure providers in Latin America," concluded Scott Swartz, chief
executive officer of financial services billing (
expert MetraTech. "MetraNet will enable CETIP to face and meet the demands of
a rapidly evolving market with confidence."

For more information on the billing solutions offered by MetraTech Corp,

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 billing solution, ( 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. 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

Contact details: Keith Brody, Director of Marketing Communications, MetraTech Corp,, Tel: +44(0)7790-245779, Email: kbrody[at]

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