EDI 884 Market Development Fund Settlement

This X12 Transaction Set contains the format and establishes the data contents of the Abandoned Property Filings Transaction Set 884 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.

Segments

Position
Segment
Name
Max use
10
ST
Transaction Set Header
Mandatory
AtMax 1
To indicate the start of a transaction set and to assign a control number
20
BMP
Beginning Segment for Market Development Fund Settlement
Mandatory
AtMax 1
To indicate identifying numbers and other basic data relative to market development funds
30
N1
Name
Mandatory
AtMax 5
To identify a party by type of organization, name, and code
40
G61
Contact
Opt
AtMax 3
To identify a person or office to whom communications should be directed
50
NTE
Note/Special Instruction
Opt
AtMax 10
To transmit information in a free-form format, if necessary, for comment or special instruction
60
QTY
Quantity
Opt
AtMax 1
To specify quantity information
70
BAL
Balance Detail
Opt
AtMax 1
To identify the specific monetary balances associated with a particular account
0100
LOOP
Mandatory
AtMax 999
110
SE
Transaction Set Trailer
Mandatory
AtMax 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

Elements

PositionElementNameRequirementTypeMin/MaxRepeat
1
143
Transaction Set Identifier CodeMandatoryID3/31
2
329
Transaction Set Control NumberMandatoryAlphanumeric4/91