Rules & Standards check0 / 1 answered · 0 correct
Check 1
Is URDTT designed to be technology neutral?
URDTT Version 1.0
ICC rules for fully digital trade transactions.
Digital scope
URDTT addresses a process where electronic records evidence the underlying sale/purchase and a payment obligation.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
Opt-in rules
The transaction terms must specify that they are subject to URDTT for the rules to apply under their scope.
Technology neutrality
The rules are intended to be neutral about technology and messaging standards.
Beyond banks
URDTT is designed to extend into corporate and non-bank financial-services environments as digital trade develops.
Standards / source note: ICC published URDTT Version 1.0 as a framework for fully digital trade transactions.
Remember thisDigital trade can have its own rule framework instead of simply copying a paper workflow onto email.
Finished this lesson?
Mark it complete. Your progress stays on this device.