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 2.6 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 technical account
message is RETACC.
Note: Reinsurance technical account messages conforming to this
document must contain the following data in segment UNH,
composite S009:
Data element 0065 RETACC
0052 D
0054 98A
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 relevant parties for the whole
transaction.
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.
0070 RFF, Reference
A segment to specify the references of the party identified
in the leading NAD.
0080 DTM, Date/time/period
A segment to specify the message transaction date, accounting
period, accounting year, accounting periodicity.
0090 FTX, Free text
A segment to provide general message information, and/or
narrative descriptions of references or account period given.
4.1.2 Detail section
Information to be provided in the Detail section:
0100 Segment group 2: CUX-RFF-FTX-SG3
A group of segments to specify accounting breakdowns within the
contract.
0110 CUX, Currencies
A segment to specify the account rendering currency
(statement currency) of the sub-account, and if required the
settlement currency and the exchange rate used to convert
from original account currency into settlement currency.
0120 RFF, Reference
A segment used to tie the sub-account to a specific
reference and to additionally identify the layer or surplus
number of the contract for which data are rendered.
0130 FTX, Free text
A segment used to provide free text information regarding
the contract section reported in the sub-account
(particularly for facultative contracts).
0140 Segment group 3: MOA-DTM-PCD-GIS-LOC-FTX-SG4
A group of segments to specify accounting entries for the
sub-account, and if required the sub-account balance(s).
0150 MOA, Monetary amount
A segment to specify the accounting entries or the sub-
account balance(s).
0160 DTM, Date/time/period
A segment to specify pertinent dates and periods relating
to the entry.
0170 PCD, Percentage details
A segment to specify the percentage used to calculate the
entry, and/or the receiver's share percentage.
0180 GIS, General indicator
A segment to give an indicator to specify the way to
process the entry.
0190 LOC, Place/location identification
A segment to identify the geographical scope to which the
entry pertains or - for facultative accounts - the
location of the risk.
0200 FTX, Free text
A segment used to provide free text information regarding
the entry. More particularly, the segment can be used to
give loss details or additional information concerning
bucket entry codes.
0210 Segment group 4: RFF-DTM-COM-FTX
A group of segments to refer to supporting messages or
documents. The segment may equally be used in case of
loss amount reporting to specify the event reference.
0220 RFF, Reference
A segment to specify a reference to a supporting
document or message and/or (in case of losses
reported), the event reference.
0230 DTM, Date/time/period
A segment to specify the date of transaction of the
supporting document or message.
0240 COM, Communication contact
A segment to identify the means by which the
referenced document or message was transmitted.
0250 FTX, Free text
A segment used to provide free text information
regarding the document or message that is referenced.
0260 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:
0270 Segment group 5: MOA-GIS-SG6-PAI-RFF-DTM
A group of segments that may be used to specify account totals
and subdivide them per type of settlement. At the same type
this group can be used to break down the account into
sub-balances using various criteria, such as collectable or
non-collectable, and the embedded group 6 can be used to make
breakdowns per party in the underlying market.
0280 MOA, Monetary amount
A segment to specify the total account balances per
settlement currency, or the possible breakdowns e.g. the
amounts due in instalments, or per payment means or
combined.
0290 GIS, General indicator
A segment to give a processing indicator relating to the
settlement.
0300 Segment group 6: NAD-PCD-RFF-GIS-MOA
A group of segments used to make breakdowns of the amount
reported, per party in the underlying market.
0310 NAD, Name and address
A segment to identify the bank where the letter of credit
was issued, the payer's and beneficiary's bank, the
assuming company, the multiple cedants involved.
0320 PCD, Percentage details
A segment used to specify the share of the party in the
broker's order or in the 100% of the contract, expressed
as a percentage.
0330 RFF, Reference
A segment to specify the references of the party named in
the leading NAD.
0340 GIS, General indicator
A segment to give a processing indicator relating to the
settlement by specific parties involved in the
transaction.
0350 MOA, Monetary amount
A segment to specify the share amount of the party
specified.
0360 PAI, Payment instructions
A segment to specify the means of settlement.
0370 RFF, Reference
A segment to specify references related to the settlement of
the account balance.
0380 DTM, Date/time/period
A segment to specify pertinent dates and periods relating to
the settlement of the RETACC.
0390 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
LOC Place/location identification
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 RETACC