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.
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 17A 0051 UN
A segment to give a processing indicator relating to the whole message.
A segment to specify the name and address and the related function of the party involved.
A segment to identify a person or department to whom communication should be directed.
A segment to identify a communication number of a department or a person to whom communication should be directed.
A segment to specify the references of the party identified in the leading NAD.
A segment to specify the message transaction date, accounting period, accounting year, accounting periodicity.
A segment to provide general message information, and/or narrative descriptions of references or account period given.
