Reels | What are URTEPO rules and how do they support digital trade? - Trade Treasury Payments

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Lorna Pillow, Deputy Chair of ITFA and Deputy CEO & COO of London Forfaiting, explains the purpose and benefits of the URTEPO rules or the Uniform Rules for Transferable Electronic Payment Obligations.

🔸Standardising digital trade practices: Building on URF 800 (Uniform Rules for Forfaiting),  URTEPO sets clear expectations for counterparties in both primary and secondary markets when dealing with transferable electronic payment obligations.

🔸 Technology-neutral framework: The rules focus on how digital instruments are transferred, assuming reliable systems and enabling digital and paper documents to coexist in transactions.

🔸 Efficiency and fraud reduction: Implemented at London Forfaiting, these digital solutions reduce manual work, lower fraud risk, and allow institutions in different jurisdictions to close transactions within minutes.

As Lorna notes, URTEPO is an exciting development in trade, enabling faster, more secure, and more efficient cross-border transactions.

🎙️ Recorded in partnership with ITFA Education Day, held in London.