0.    INTRODUCTION

       This specification provides the definition of the Credit risk
       cover message (RECECO) to be used in Electronic Data
       Interchange (EDI) between trading partners involved in
       administration, commerce and transport.

1.    SCOPE

1.1   Functional Definition

       Factoring companies provide their clients (the seller)
       protection against the risk of credit losses on sales to the
       buyers. Credit protection is provided on each approved customer
       (buyer) of the seller.
       
       The message will be used to apply for preliminary credit
       assessment (used during negotiation with prospective clients);
       apply for credit protection; reply to credit requests; revise
       amount and expiry date of credit protection and terms; cancel
       credit protection.
       
       The message will serve at the same time as the request for
       credit risk cover and as the answer (approval or rejection to
       that request).

1.2   Field of Application

       This message may be applied for both national and international
       settlements. It is based on universal commercial practice and
       is not dependent on the type of business or industry.

1.3   Principles

       The flow of communication is from Seller to Factor (request),
       and from Factor to Seller (answer). The Seller must provide
       information regarding the Buyers (name, address, etc.) and
       information regarding the expected amount of sales to be risk
       covered. The Factoring company will provide an answer, after
       due credit investigation.
       
       The credit cover may be a 'line cover' or an 'order cover'. A
       line cover relates to the sales of one seller to one buyer, up
       to the agreed limit. An order cover relates to a specific order
       (or shipment).
       
       - one credit cover may relate to one or more line covers; 
       - one credit cover may relate to one or more order covers; 
       - for each distinct period there is only one line cover; 
       - one credit cover must relate to one buyer; 
       - one credit cover must relate to one seller.

2.    REFERENCES

       See UNTDID, Part 4, Chapter 2.6 UN/ECE UNSM - General Introduction,
       Section 1.

3.    TERMS AND DEFINITIONS

       See UNTDID, Part 4, Chapter 2.6 UN/ECE UNSM - General Introduction,
       Section 2.

4.    MESSAGE DEFINITION

4.1   Data Segment Clarification

       This section should be read in conjunction with the Branching
       Diagram and the Segment Table which indicate mandatory,
       conditional and repeating requirements.

 | UNH, Message header
       A service segment starting and uniquely identifying a message.
       The message type code for the Credit risk cover message is
       RECECO.
       
       Note: Credit risk cover messages conforming to this document
       must contain the following data in segment UNH, composite S009:

       Data element  0065 RECECO
                     0052 D
                     0054 95A
                     0051 UN

   BGM, Beginning of message
       A segment specifying the function and status of the message.

   RFF, Reference
       A segment identifying the reference of another message or
       transaction related to this message.

   DTM, Date/time/period
       A segment specifying the date and, when required, the time at
       which the message has been created as well as other dates and
       times relevant to the transactions, e.g. request date.


   Segment group 1: NAD-CTA-COM-FII
       A group of segments identifying the name and address of the
       parties involved in the transaction, their contacts and
       financial institution information.

      NAD, Name and address
          A segment identifying the name and address of the parties
          associated with the credit risk cover message.

      CTA, Contact information
          A segment identifying a person or a department for the party
          specified in the NAD segment and to whom communication
          should be directed.

      COM, Communication contact
          A segment providing a communication number for the party
          identified in the NAD segment and optionally for the contact
          identified in the associated CTA segment.

      FII, Financial institution information
          A segment identifying the financial institution (e.g. bank)
          and relevant account numbers for the parties involved, where
          necessary.


   Segment group 2: DOC-MOA-CUX-DTM-CCD-PCD-PAT-FTX-RFF
       A group of segments identifying the amounts of the credit
       covers, the currency, the date, the request, the payment terms
       related to the credit cover.

      DOC, Document/message details
          A segment identifying the credit cover.

      MOA, Monetary amount
          A segment giving the monetary amounts of the current credit
          cover and one or more new credit covers.

      CUX, Currencies
          A segment identifying the currency of the credit cover.

      DTM, Date/time/period
          A segment specifying the dates related to the credit cover,
          such as expiration date, date valid from or the order date
          (latest shipment date).

      CCD, Credit cover details
          A segment specifying a request for a credit cover, a reply
          to that request and the reasons for the reply.

      PCD, Percentage details
          A segment specifying the percentage of the own risk, related
          to the credit cover.

      PAT, Payment terms basis
          A segment specifying the payment terms, as agreed between
          seller and buyer.

      FTX, Free text
          A segment specifying the response to the request, in coded
          form.

      RFF, Reference
          A segment identifying the order number, when necessary.

   UNT, Message trailer
       A service segment ending a message, giving the total number of
       segments in the message and the control reference number of the
       message.

4.2   Data segment index (Alphabetical sequence by tag)

          BGM Beginning of message
          CCD Credit cover details
          COM Communication contact
          CTA Contact information
          CUX Currencies
          DOC Document/message details
          DTM Date/time/period
          FII Financial institution information
          FTX Free text
          MOA Monetary amount
          NAD Name and address
          PAT Payment terms basis
          PCD Percentage details
          RFF Reference
          UNH Message header
          UNT Message trailer

Contents of RECECO