2018-07-20T00:10:48+00:00

What is an EDI 268 Annuity Activity Document?

EDI 268 is an ANSI X12 transaction set that is used to exchange information about annuity account activity.

The transaction set can be used for the following purposes:

* To communicate information about account positions

* To communicate transaction activity

The data contents and format of EDI 268 Annuity Activity are used for the electronic interchange of information. It is divided into various segments and data elements.

Workflow for the Exchange of an EDI 268 Annuity Activity Document

EDI 268 falls under the category of X12N Insurance transaction sets. Annuity providers use this transaction set to communicate the annuity activity with distributors. Other entities that use EDI 268 transaction set include brokers, banks, financial agents, and planners. It is also used in combination with other EDI documents to transmit information related to account positions.

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Simplifying the process of sending and receiving EDI messages, EDIConnect is an enterprise-grade EDI solution designed for handling all X12, EDIFACT, and HL7 transaction sets. Featuring a built-in EDI translator, validator, and transaction builder, EDIConnect aids communication between trading partners, as well as helps them streamline the process of information exchange through process orchestration.

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