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Does URC 522 apply automatically to every invoice sent through a bank?
URC 522
The ICC rules for documentary and clean collections.
Purpose
URC 522 is the ICC Uniform Rules for Collections. It provides a common framework when a collection instruction states that the collection is subject to it.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
Collections are instructions
The principal and remitting bank must give clear collection instructions. Banks act according to those instructions and applicable rules.
No automatic guarantee
Handling a collection does not make the collecting bank a guarantor of the buyer’s payment or acceptance.
Electronic supplement
eURC supplements the collection rules for electronic records in appropriate transactions.
Source / standards noteThis page is an original educational summary. For a live transaction, consult the current official ICC publication and the terms of the instrument.
Remember thisURC 522 governs collection handling; it does not transform D/P or D/A into an LC.
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