eURC Version 1.0: Article e4 Definitions 2/2


The selections we are addressing within this blog are terms used exclusively in eURC and not within URC. 


Data corruption: It is possible that data, after having been received from the presenter, can be corrupted. This term refers to an electronic record being made either partially or fully unreadable by any distortion or loss of data.


Data processing system: Any bank that engages in an eURC transaction is responsible for maintaining a data processing system. This responsibility is a fundamental precondition for using the eURC. The term refers to any automated means (be it computerised, electronic, or any other) that is utilised for the processing and manipulation of data, for initiating an action, or for responding to data messages or performances either partially or in full.  


Electronic record: This term is intended to be technology-neutral and does not include paper documents. It refers to data that has been electronically created, generated, sent, communicated, received or stored. The data must also be capable of being authenticated as to the apparent identity of the sender; the apparent source of the data contained in the electronic record; and its completeness and unaltered condition. It further requires that in order to qualify as an electronic record for the purposes of eURC, the data must be capable of being viewed.


Electronic signature: Refers to a method attached to an electronic record that has the intent of identifying the signer and of authenticating the record.


Format: The importance of a format lies in the ability of the data processing system to process data. The term can mean the protocol by which data is organised, the version of that format, or the shorthand name by which that protocol is recognised and described.


Paper document: Quite simply, this refers to a document in a paper medium, i.e. the type of document normally presented under URC 522.


Presenter: Presenter is used in article e11 (Data Corruption of an Electronic Record). Electronic records will be initially presented by the presenter (principal) to the remitting bank, and then by the remitting bank to the collecting or presenting bank. The act of presentation on behalf of the principal to the remitting bank is already covered by URC 522 sub-article 3 (a) (ii).


Received: Definition as used in relation to an electronic record. Presentation will normally be made to a data processing system, and the electronic record must be in a format that such system can accept. Systems occasionally, and automatically, send out a notice of receipt. Such notice or acknowledgement does not indicate that an electronic record has been authenticated and/or reviewed under an eURC collection instruction.


Re-present: The term "re-present" is not used in URC 522.  eURC article e11 (Data Corruption of an Electronic Record) uses the term "re-present". In this context, the term means to substitute or replace an electronic record already presented. 


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