0. INTRODUCTION
This specification provides the definition of the Reinsurance
settlement message (RESETT) to be used in Electronic Data
Interchange (EDI) between trading partners involved in
administration, commerce and transport.
1. SCOPE
1.1 Functional Definition
A reinsurance settlement message is exchanged by insurers,
reinsurers, bureaux, brokers and professional reinsurance
intermediaries to send all information that enables to
identify, reconcile and set-off technical accounts.
1.2 Field of Application
The Reinsurance settlement 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 RESETT message is a multi-contract message, it can refer to
one or multiple RETACC(s) (Reinsurance technical account
message).
It covers all classes of business and can be used in relation
with both proportional and non-proportional business for both
treaty and facultative agreements.
Multiple currencies are handled through a currency conversion
facility, several financial settlement currencies are allowed.
2. REFERENCES
See UNTDID, Part 4, Chapter 2.6 UN/ECE UNSM - General Introduction,
Section 1.
3. TERMS AND DEFINITIONS
3.1 Standard 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 Segment
Table which indicate mandatory, conditional and repeating
requirements.
4.1.1 Header section
Information to be provided in the Header section:
0010 UNH, Message header
A service segment starting and uniquely identifying a message.
The message type code for the Reinsurance settlement message is
RESETT.
Note: Reinsurance settlement messages conforming to this
document must contain the following data in segment UNH,
composite S009:
Data element 0065 RESETT
0052 D
0054 97B
0051 UN
0020 GIS, General indicator
A segment to give a processing indicator relating to the whole
message.
0030 Segment group 1: NAD-CTA-COM-RFF
A group of segments to specify the name and address, contact
information, communication contact and reference of the message
sender, message receiver and/or parties receiving a courtesy
copy.
0040 NAD, Name and address
A segment to specify the name and address and the related
function of the party involved.
0050 CTA, Contact information
A segment to identify a person or department to whom
communication should be directed.
0060 COM, Communication contact
A segment to identify a communication number of a department
or a person to whom communication should be directed as
identified in the CTA segment.
0070 RFF, Reference
A segment to specify identifying numbers associated with the
named party.
0080 DTM, Date/time/period
A segment to specify the message transaction date, date as at,
statement period, preparation date.
0090 FTX, Free text
A segment to provide general message information.
4.1.2 Detail section
Information to be provided in the Detail section:
0100 Segment group 2: RFF-SG3
A group of segments to allow a breakdown for each permanent
financial account to which the underlying items are pertaining
to.
0110 RFF, Reference
A segment to specify the permanent financial account to
which the underlying items are pertaining to.
0120 Segment group 3: GIS-PAI-NAD-DTM-SG4-GIS-MOA-CUX-FTX-SG5
A group of segments to allow a breakdown for each reporting
level to which the underlying items are pertaining to.
0130 GIS, General indicator
A segment to give a processing indicator relating to the
reporting level of breakdown.
0140 PAI, Payment instructions
A segment to specify the conditions for payment or the
requested conditions for payment.
0150 NAD, Name and address
A segment to specify the name and address and their
related function for the parties taking part in the
financial transaction.
0160 DTM, Date/time/period
A segment to specify pertinent date, time and period
relating to the entry.
0170 Segment group 4: RFF-COM-DTM-FTX
A group of segments to specify and identify sub-total
references and the transaction references.
0180 RFF, Reference
A segment to specify identifying numbers associated
with the named transaction.
0190 COM, Communication contact
A segment to identify the means by which the
referenced document was transmitted.
0200 DTM, Date/time/period
A segment to specify the transaction date relating to
the reference given.
0210 FTX, Free text
A segment to give an additional description to the
transaction or document referenced.
0220 GIS, General indicator
A segment to give a processing indicator relating to the
settlement.
0230 MOA, Monetary amount
A segment to specify a monetary amount, e.g. permanent
financial account amount, sub-total amount, technical
transaction amount.
0240 CUX, Currencies
A segment to specify currencies used in the transaction
and relevant details for the rate of exchange.
0250 FTX, Free text
A segment to specify text information regarding the
permanent financial account description, the sub-total
description, the contract description, the loss or risk
details.
0260 Segment group 5: NAD-CTA-COM-PCD-RFF-GIS-MOA
A group of segments to report the market to the technical
transaction.
0270 NAD, Name and address
A segment to identify the insurance company, bureau,
original insurer, original policy holder, ceding
company or broker.
0280 CTA, Contact information
A segment to identify a person or department to whom
communication should be directed.
0290 COM, Communication contact
A segment to identify a communication number of a
department or a person to whom communication should be
directed as identified in the CTA segment.
0300 PCD, Percentage details
A segment to specify the party's share in the
contract.
0310 RFF, Reference
A segment to specify references of the party named in
NAD.
0320 GIS, General indicator
A segment to give a processing indicator relating to
the settlement by specific parties involved in the
transaction.
0330 MOA, Monetary amount
A segment to specify the share amount of the party
named in NAD.
0340 UNS, Section control
A segment used to prevent collisions between the detail and the
summary sections of the message.
4.1.3 Summary section
Information to be provided in the Summary section:
0350 Segment group 6: MOA-NAD-PAI-RFF-DTM
A segment group to summarize the message and/or specify the
settlement instruction.
0360 MOA, Monetary amount
A segment to specify the settlement amounts or hash-total.
0370 NAD, Name and address
A segment to identify the issuing bank, paying or receiving
financial institution, payer, payee.
0380 PAI, Payment instructions
A segment to specify the conditions for payment or the
requested conditions for payment.
0390 RFF, Reference
A segment to specify references of the party named in NAD.
0400 DTM, Date/time/period
A segment to specify the dates relating to the settlement.
0410 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)
COM Communication contact
CTA Contact information
CUX Currencies
DTM Date/time/period
FTX Free text
GIS General indicator
MOA Monetary amount
NAD Name and address
PAI Payment instructions
PCD Percentage details
RFF Reference
UNH Message header
UNS Section control
UNT Message trailer
Contents of RESETT