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  UN/EDIFACT  D.03A (Batch) Syntax version 3 Issue date 2003-06-23  
  Message type specification RETACC
 
 
RETACC 3 Reinsurance technical account message  
  Date:
2003-06-10

Source:
TBG8 Insurance

0. INTRODUCTION
This specification provides the definition of the Reinsurance technical account message (RETACC) to be used in Electronic Data Interchange (EDI) between trading partners involved in administration, commerce and transport.

1. SCOPE

1.1 Functional definition
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.

1.2 Field of application
The Reinsurance technical account message may be used for both national and international applications. It is based on universal practice related to administration, commerce and transport, and is not dependent on the type of business or industry.

1.3 Principles
The RETACC will report technical and financial accounting entries that are informational (i.e. the latter items such as reserves will not impact the balance of the account).
In the summary section of the RETACC, the ability is given to split the account balance into sub-amounts using different criteria. Such sub-amounts may be collectable and non- collectable. One may even go a level further and split a non- collectable balance into amounts per company or participant.

2. REFERENCES
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 1.

3. TERMS AND DEFINITIONS

3.1 Standard terms and definitions
See UNTDID, Part 4, Chapter 2.3 UN/ECE UNSM - General Introduction, Section 2.

4. MESSAGE DEFINITION

4.1 Data segment clarification
This section should be read in conjunction with the segment table which indicates mandatory, conditional and repeating requirements.
 
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