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UN/EDIFACT DRAFT RECOMMENDATION

Reinsurance settlement message

This message is available for formal trial for at least six months from the date of approval by UN/ECE/TRADE/WP.4.

Organisations are invited to trial this message. Comments on the results from the trial should be forwarded to their Rapporteur's Team Secretariat as soon as they are available. Based on the results of the trials, a UNSM may be issued.

The segments, composite data elements, data elements and codes for use in the trial of this message are contained in the Draft directory. However, this information may differ from that in the Standard directory (UNTDID), even for material having the same identifying tags.

Message Type:	RESETT
Version:	D
Release:	96A
Contr. Agency:	UN
Status:	1
Revision:	1
Date:	95-11-23
SOURCE:	Western European EDIFACT Board - MD7

CONTENTS Reinsurance settlement message

INTRODUCTION
SCOPE
REFERENCES
TERMS AND DEFINITIONS
MESSAGE DEFINITION

For general information on UN standard message types see UN Trade Data Interchange Directory, UNTDID, Part 4, Section 2.6, UN/ECE UNSM General Introduction

This message also occurs in the following versions of this standard:
D96A, D96B, D97A, D97B, D98A, D98B, D99A, D99B, D00A, D00B, D01A, D01B, D01C, D02A, D02B, D03A, D03B, D04A, D04B

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 trade. It is based on universal commercial practice 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

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.

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	96A
	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

4.3. Message structure

4.3.1. Segment table

├─UNH Message header	×1	(M)
├─GIS General indicator	×2	(M)
├─Segment Group 1	×99	(M)
│─├─NAD Name and address	×1	(M)
│─├─CTA Contact information	×1	(C)
│─├─COM Communication contact	×5	(C)
│─└─RFF Reference	×2	(C)
├─DTM Date/time/period	×4	(M)
├─FTX Free text	×5	(C)
├─Segment Group 2	×99	(M)
│─├─RFF Reference	×1	(M)
│─└─Segment Group 3	×9999	(M)
│───├─GIS General indicator	×1	(M)
│───├─PAI Payment instructions	×1	(C)
│───├─NAD Name and address	×4	(C)
│───├─DTM Date/time/period	×9	(C)
│───├─Segment Group 4	×20	(M)
│───│─├─RFF Reference	×1	(M)
│───│─├─COM Communication contact	×1	(C)
│───│─├─DTM Date/time/period	×1	(C)
│───│─└─FTX Free text	×1	(C)
│───├─GIS General indicator	×6	(C)
│───├─MOA Monetary amount	×6	(M)
│───├─CUX Currencies	×1	(C)
│───├─FTX Free text	×2	(C)
│───└─Segment Group 5	×9999	(C)
│─────├─NAD Name and address	×1	(M)
│─────├─CTA Contact information	×1	(C)
│─────├─COM Communication contact	×5	(C)
│─────├─PCD Percentage details	×1	(C)
│─────├─RFF Reference	×2	(C)
│─────├─GIS General indicator	×1	(C)
│─────└─MOA Monetary amount	×1	(M)
├─UNS Section control	×1	(M)
├─Segment Group 6	×99	(M)
│─├─MOA Monetary amount	×1	(M)
│─├─NAD Name and address	×4	(C)
│─├─PAI Payment instructions	×1	(C)
│─├─RFF Reference	×4	(C)
│─└─DTM Date/time/period	×2	(C)
└─UNT Message trailer	×1	(M)

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