Notice #830 – CESP Interface Transaction Standards, Updates to Version 5.8
On this page
Date: September 1, 2019
Subject: CESP Interface Transaction Standards, Updates to Version 5.8
This Information Bulletin details updates to the CESP Interface Transaction Standards, version 5.8 dated October 1, 2017.
CESP ITS Version 5.8 Updates
|4.4 Record Type “400”– Financial Transaction Transaction Type 21 – CESG, CLB, SAGES and BCTESG Repayments||Add||Any and all repayment transactions that occur within the RESP must be reported, regardless of whether there is a positive amount in the dollar field, or if the amount is zero ($0).|
|4.4 Record Type “400”– Financial Transaction Transaction Type 21 – CESG, CLB, SAGES and BCTESG Repayments||Remove||Where there is no grant/bond remaining at the time the contract is terminated, the termination must still be reported to the Program for compliance reasons, but with the grant/bond amount equal to zero ($0).|
|Various sections||Update||Updated the use of the terms record type, transaction type and transaction. Example
|Various sections||Remove||Removed “RT” when a transaction type and record type were being used together and replaced with “transaction”.|
|4.4 Record Type “400” – Financial Transaction Transaction Type 22 – Termination Adjustments||Update||Termination Adjustment transactions should be used only to report the amount of incentives to the CESP system that cannot be repaid due to investment losses when an RESP is terminated. The promoter repays the grant or bond that is available and sends a Termination Adjustment transaction to inform the Program of the shortfall. Promoters should apply the losses in the order specified below. In step 3, any remaining loss will be apportioned proportionally among the CESG, CLB and provincial incentives.
If you have any questions regarding this information bulletin, please contact us by e-mail at firstname.lastname@example.org or call 1-888-276-3624. Our hours of operation are from 8 am to 5 pm Eastern Time.
Report a problem or mistake on this page
- Date modified: