RETACC Reinsurance technical account

Western European EDIFACT Board - MD7

The RETACC is used by the sender to report to the receiver the latter's position in the sender's books with respect to one single reinsurance contract. It is in this sense a type of account for services rendered, and may initiate a payment flow either directly or via a periodical overview statement.

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.

Detail

Position
Segment
Name
Max use
  1. Segment group 2
    Repeat 99
    1. To specify currencies used in the transaction and relevant details for the rate of exchange.

    2. To specify a reference.

    3. To provide free form or coded text information.

    4. Segment group 3
      Repeat 999
      1. To specify a monetary amount.

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

      3. To specify percentage information.

      4. To transmit a processing indicator.

      5. To identify a country/place/location/related location one/related location two.

      6. To provide free form or coded text information.

      7. Segment group 4
        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.

  2. To separate header, detail and summary sections of a message.

Summary

Position
Segment
Name
Max use
  1. Segment group 5
    Repeat 99
    1. To specify a monetary amount.

    2. To transmit a processing indicator.

    3. Segment group 6
      Repeat 999
      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 specify percentage information.

      3. To specify a reference.

      4. To transmit a processing indicator.

      5. To specify a monetary amount.

    4. To specify the instructions for payment.

    5. To specify a reference.

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

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

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