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Back   Annuity Periodic Compensation for Clearinghouse Trading (003070X089)

Purpose

The Annuity Periodic Compensation for Clearinghouse Trading Implementation Guide describes the use of the ANSI ASC X12 Annuity Periodic Compensation (256) transaction set for the following business usages in a clearinghouse environment:
  • Provide transaction-based compensation detail
  • Provide asset or gross premium compensation detail at a point in time commission

Primary Trading Partners

The primary trading partners are insurers of annuity products, their distributors (broker dealers, banks, general agencies), and clearinghouse service providers.

Exceptions/Limitations

The Annuity Periodic Compensation for Clearinghouse Trading Implementation Guide is intended for use only with transactions that are processed through a clearinghouse.

References

For information on implementing the 256 in a non-clearinghouse environment, refer to Guide #80, the Annuity Periodic Compensation Implementation Guide.

Coordination

No coordination required at this time with other ANSI ASC X12 Subcommittees.

Additional Information

Registered 6/4/1997 Published 10/10/1998
Transaction Set ID 256 Standard Version 003070
ASC X12 DM# Owning Group X12N