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.
To head, identify and specify a message.
To transmit a processing indicator.
To specify the name/address and their related function, either by C082 only and/or unstructured by C058 or structured by C080 thru 3207.
To identify a person or a department to whom communication should be directed.
To identify a communication number of a department or a person to whom communication should be directed.
To specify a reference.
To specify date, and/or time, or period.
To provide free form or coded text information.
