821 Financial Information Reporting

Functional Group FR

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Financial Information Reporting Transaction Set (821) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to report balances, detail and summary financial transactions, and other related financial account information.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To allow for positive identification of transaction set purpose

  3. To specify pertinent dates and times

    At least one DTM segment, for period-ending date, must be used. Others are period-starting date, statement-issued (process) date, and transaction-creation date.
  4. To uniquely identify a transaction to an application

  5. To identify a party by type of organization, name, and code

    This N1 segment identifies the forwarder of this transaction. Where the forwarder and the financial institution identified in elements ENT02-04 are different entities, the use of this segment is recommended. The second N1 segment can be used to identify an additional participant in the issuing of the transaction.
  6. To identify a person or office to whom administrative communications should be directed

    This PER segment identifies the administrative contact(s) of the forwarder of the transaction.
  7. To specify identifying information

  8. LM Loop Optional
    Repeat 10
    1. To transmit standard code list identification information

      The LM loop is intended to provide information regarding problems and errors which affect all accounts contained within this Financial Information Reporting (821) transaction set. The description of the problem or error is contained in an Industry Code list identified in the LQ segment.
    2. LQ Loop Mandatory
      Repeat 100
      1. Code to transmit standard industry codes

      2. To specify pertinent dates and times

        The DTM segment is intended to provide information regarding the expected problem resolution date and/or time. Additional uses of this segment are for the provision of the problem occurrence date and/or time, and the alternate problem resolution date and/or time.
  9. FA1 Loop Optional
    Repeat >1
    1. To specify the organization controlling the content of the accounting citation, and the purpose associated with the accounting citation

    2. To specify the detailed accounting data

Detail

Position
Segment
Name
Max use
  1. ENT Loop Mandatory
    Repeat >1
    1. To designate the entities which are parties to a transaction and specify a reference meaningful to those entities

      This ENT segment provides numeric identification of the originating financial institution and the receiving corporate entity, related to specific accounts.
    2. N1 Loop Optional
      Repeat 2
      1. To identify a party by type of organization, name, and code

      2. To specify additional names

      3. To specify the location of the named party

      4. To specify the geographic place of the named party

      5. To identify a person or office to whom administrative communications should be directed

    3. ACT Loop Optional
      Repeat >1
      1. To specify account information

      2. To specify the currency (dollars, pounds, francs, etc.) used in a transaction

      3. LM Loop Optional
        Repeat 10
        1. To transmit standard code list identification information

          The LM loop is intended to provide information regarding problems and errors which affect the specific account being reported within this ACT loop. The description of the problem or error is contained in an Industry Code list identified in the LQ segment.
        2. LQ Loop Mandatory
          Repeat 100
          1. Code to transmit standard industry codes

          2. To specify pertinent dates and times

            The DTM segment is intended to provide information regarding the expected problem resolution date and/or time. Additional uses of this segment are for the provision of the problem occurrence date and/or time, and the alternate problem resolution date and/or time.
      4. RTE Loop Optional
        Repeat 13
        1. To specify the earnings, rates and multipliers for this account

          The RTE loop is used to indicate rates associated with the related account, and the effective date of that rate.
        2. To specify pertinent dates and times

      5. BLN Loop Optional
        Repeat >1
        1. To provide specific balance information for financial account reporting

        2. To indicate the funds availability in days

      6. TSU Loop Optional
        Repeat >1
        1. To provide specific transaction summary information

        2. To indicate the funds availability in days

      7. FIR Loop Optional
        Repeat >1
        1. To specify the details of financial information transactions

        2. To specify pertinent dates and times

        3. To specify identifying information

        4. To provide a free-form format that allows the transmission of text information

        5. To indicate the funds availability in days

        6. To uniquely identify a transaction to an application

        7. To identify a party by type of organization, name, and code

        8. To indicate the total monetary amount

        9. To specify pricing information

        10. To specify the earnings, rates and multipliers for this account

        11. NM1 Loop Optional
          Repeat >1
          1. To supply the full name of an individual or organizational entity

            The NM1 loop is intended to provide individuals or organizations related to the transaction reported in the FIR segment.
          2. To specify additional names

          3. To specify the location of the named party

          4. To specify the geographic place of the named party

          5. To specify pertinent dates and times

            The DTM is intended to provide a date and/or time related to the individual or organization identified in the NM1 segment.
    4. FA1 Loop Optional
      Repeat >1
      1. To specify the organization controlling the content of the accounting citation, and the purpose associated with the accounting citation

      2. To specify the detailed accounting data

Summary

Position
Segment
Name
Max use
  1. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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