The eURC are rules that apply to an arrangement between the remitting bank and the collecting and/or presenting bank, for the presentation of electronic records alone or in combination with paper documents.
The rules are only workable if a prior arrangement has been put in place between the remitting bank and the collecting and/or presenting bank, for the presentation of electronic records alone or in combination with paper documents.
It is essential that any prior arrangement between the banks describe the required format of each electronic record (article e6 Format) and includes the place for presentation (sub-article e4 (a) (iv) Definitions).