103 Abandoned Property Filings

Functional Group AB

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Abandoned Property Filings Transaction Set (103) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used to report abandoned property filings information, such as uncashed checks or abandoned bank account balances, to government agencies and may be used by the government agencies to distribute information on abandoned property for publication to the general public. It may also be used to initiate an Electronic Funds Transfer (EFT) payment to transfer the value of the abandoned property to the government agencies.

Heading

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

  2. To indicate the beginning of a transaction set

  3. To indicate the beginning of a Payment Order/Remittance Advice Transaction Set and total payment amount, or to enable related transfer of funds and/or information from payer to payee to occur

  4. To transmit information in a free-form format, if necessary, for comment or special instruction

  5. To uniquely identify a transaction to an application

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

  7. To specify identifying information

  8. To specify pertinent dates and times

  9. To indicate the total monetary amount

    This AMT segment contains the total monetary value of the filing.
  10. NM1 Loop Optional
    Repeat >1
    1. To supply the full name of an individual or organizational entity

      This NM1 loop identifies the senders and/or receiver of the filing. The senders may include both parent and subsidiary entities.
    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 identifying information

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

Detail

Position
Segment
Name
Max use
  1. N1 Loop Mandatory
    Repeat >1
    1. To identify a party by type of organization, name, and code

      This N1 loop identifies the property holders. Each loop occurrence identifies one holder.
    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 provide basic information concerning a corporation

    6. To identify a commodity or a group of commodities or a tariff page commodity

    7. To indicate the total monetary amount

    8. To specify quantity information

    9. To supply the full name of an individual or organizational entity

      This NM1 segment contains previous identification for the holder identified at position 2/0100.
    10. To specify identifying information

    11. To specify pertinent dates and times

    12. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

      The YNQ segment refers to questions concerning the property holder.
    13. PER Loop Optional
      Repeat >1
      1. To identify a person or office to whom administrative communications should be directed

        This PER loop identifies contact information for the property holder identified at position 2/0100.
      2. To specify the location of the named party

      3. To specify the geographic place of the named party

      4. To specify identifying information

    14. LX Loop Mandatory
      Repeat >1
      1. To reference a line number in a transaction set

        The LX loop describes the property.
      2. To provide specific balance information for financial account reporting

        The BLN segments contain balance information for the property identified by the assigned number. There may be more than one balance for the property, specifying an initial balance, and additions and deductions to the initial balance.
      3. To specify any or all of a date, a time, or a time period

      4. To specify interest rate and type and the applicable time period

      5. To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

      6. To specify identifying information

      7. SHI Loop Optional
        Repeat 1
        1. To specify information concerning securities held by an entity

        2. To specify pertinent dates and times

        3. To indicate the total monetary amount

        4. To specify quantity information

        5. To qualify percent amounts and supply percent amounts

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

          This NM1 loop describes the property owner if known.
        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

        6. To specify identifying information

  2. 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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