x12 103 Abandoned Property Filings
103 Specifications
This X12 Transaction Set contains the format and establishes the data contents of the Abandoned Property Filings Transaction Set (103) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used to report abandoned property filings information, such as uncashed checks or abandoned bank account balances, to government agencies and may be used by the government agencies to distribute information on abandoned property for publication to the general public. It may also be used to initiate an Electronic Funds Transfer (EFT) payment to transfer the value of the abandoned property to the government agencies.
What is a 103 - Abandoned Property Filings document?
The EDI 103 document type contains information regarding the Abandoned Property Filings Transaction Set (103) for use within the context of an Electronic Data Interchange (EDI) environment. Standard EDI formats include X12, ANSI, EDIFACT and its subsets.
What makes up the 103 - Abandoned Property Filings document?
The EDI 103 Abandoned Property Filings document is organized into segment and data elements. A segment can contain at least one data element. Examples of data elements on the 103 EDI document includes abandoned property filings information, such as un-cashed checks or abandoned bank account balances. There are an infinite number of possibilities available for a company to include data on an 103 - Abandoned Property Filings.
How is a 103 - Abandoned Property Filings used?
The EDI 103 Abandoned Property Filings document can be used to report abandoned property filings information, such as un-cashed checks or abandoned bank account balances, to government agencies. Government agencies may distribute information on abandoned property for publication to the general public. This EDI document may also be used to initiate an Electronic Funds Transfer (ET) payment to transfer the value of the abandoned property to the government agencies.
How is a 103 - Abandoned Property Filings processed?
The EDI 103 solution is required to process the EDI documents received into an ERP or accounting system or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
103 Example