The selections we are addressing within this blog are terms used exclusively in eUCP and not within UCP.
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 eUCP transaction is responsible for maintaining a data processing system. This responsibility is a fundamental precondition for using the eUCP. 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 eUCP, the data must be capable of being examined.
Electronic signature: Refers to a method attached to an electronic record which has the intent of identifying the signer and of authenticating the record.
Format: Under eUCP, it is incumbent upon the issuer to clearly indicate the format in which data in the electronic record is to be arranged. 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 UCP 600.
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 viewed, examined, accepted or refused under an eUCP credit.
Re-present or re-presented: The terms mean to substitute or replace - at the request of a nominated bank - an electronic record already presented.