In XLayers, the Financial Account is a structure or deposit of reporting balances defined by the following main coordinates:
• Ceding Company
• Reinsurer
• Broker
• Type of Financial Account
• Account description
The Financial Account typically defines the relationship between the Ceding Company and the Participant which can be intermediated or not; the type also allows for multiple Financial Accounts with the same coordinates as business partners (e.g. a Life and Non-Life Financial Account).
Another example could be the following: Financial Account Ceding Company X- Swiss Re with Non-Life type AON
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