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.

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Header

Position
Segment
Name
Max use

  1. To head, identify and specify a message.

    1. Data element S009/0057 is retained for upward compatibility. The use of
    S016 and/or S017 is encouraged in preference.
    2. The combination of the values carried in data elements 0062 and S009 shall
    be used to identify uniquely the message within its group (if used) or if
    not used, within its interchange, for the purpose of acknowledgement.

  2. To transmit a processing indicator.

    Segment marked for deletion in the D.02B directory.
  3. Segment group 1
    Repeat 9

    1. To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 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.

        Segment marked for deletion in the D.02B directory.

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

      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.

      Segment marked for deletion in the D.02B directory.
    3. Segment group 6
      Repeat 999

      1. To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.

      2. To specify percentage information.

      3. To specify a reference.

      4. To transmit a processing indicator.

        Segment marked for deletion in the D.02B directory.

      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.

    1. 0062, the value shall be identical to the value in 0062 in the
    corresponding UNH segment.
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