RECALC Reinsurance calculation

Western European EDIFACT board - MD7

RECALC is a generic message used in reinsurance environment to show various types of calculation that are either based on the loss ratio or on the technical result of a reinsurance contract or program, mainly in the area of commissions and commission adjustments and in stop loss claims. This message supports results shown in the RETACC message.

Header

Position
Segment
Name
Max use
  1. To head, identify and specify a message.

  2. To transmit a processing indicator.

  3. Segment group 1
    Repeat 9
    1. To specify the name/address and their related function, either by CO82 only and/or unstructured by CO58 or structured by CO80 thru 3207.

    2. To identify a person or a department to whom communication should be directed.

    3. To identify a communication number of a department or a person to whom communication should be directed.

    4. To specify a reference.

  4. To specify date, and/or time, or period.

  5. To provide free form or coded text information.

  6. Segment group 2
    Repeat 99
    1. To identify the direct relationship between the data/information contained in one segment and the data/information contained in one or more other segments.

    2. To specify a reference.

    3. To transmit a processing indicator.

    4. To specify currencies used in the transaction and relevant details for the rate of exchange.

    5. To specify date, and/or time, or period.

    6. To specify a pertinent quantity.

    7. To identify a place or a location and/or related locations.

    8. To specify percentage information.

    9. To provide free form or coded text information.

    10. Segment group 3
      Repeat 9
      1. To provide details of the function of a monetary amount.

      2. Segment group 4
        Repeat 99
        1. To specify a monetary amount.

        2. To transmit a processing indicator.

        3. To specify percentage information.

        4. To provide free form or coded text information.

        5. To specify date, and/or time, or period.

        6. Segment group 5
          Repeat 9
          1. To specify a reference.

          2. To specify date, and/or time, or period.

          3. To identify a communication number of a department or a person to whom communication should be directed.

          4. To provide free form or coded text information.

        7. Segment group 6
          Repeat 1
          1. To specify currencies used in the transaction and relevant details for the rate of exchange.

          2. To specify a monetary amount.

          3. To identify the reason for an adjustment.

  7. To end and check the completeness of a message.

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