Comparison Chart for Ecp Rules Deletion

COMPARISON CHART FOR ECP RULES DELETION

Section Number in Revised Rules / Purpose/Summary of Change / Text Moved In From:
(Section now includes text that was relocated from:) / Text Moved Out To:
(Text from this Section in the pre-revision Rules moved to:)
Section I / Locate all definitions into single section of the Rules.
Eliminate definitions that appeared in both Sections XIX and XX.
Eliminate Rnote defined terms. / Section III(A)
Section XIX(A)
Section XIX(T)
Section XX(A) / None
Section II(A) / Added reference to Exchange Provider and Section XX(C). / None / None
Section II(B) / Clarification that Member agreement to Rules only applies to designated exchanges. / None / None
Section III(A) / Reference eligibility rules in Section XIX(C) and XX(C). Delete separate eligibility rule for ECP items.
Moved out definition of fully qualified item.
Moved out text relating to unreadable MICR line to Commentary in Sections XIX and XX.
Removed references to sections of rules relating to paper to follow exchange.
Moved in text on presentment notice deadline. / Section V(A) / Section I
Commentary to Section XIX(C)
Commentary to Section XX(C)
Section III(B) / Revised to address repair of MICR for both paper and image items. / None / None
Section III(C) / Deleted.
Warranty addressed in Reg. CC now. / None / None
Section III(D) / Deleted.
Related to Rnotes. / None / None
Section IV / Text on third party agents consolidated from Sections XIX and XX.
Prior Section IV(A) deleted in entirety. Dealt with paper to follow ECP.
Prior Section IV(B) deleted in entirety.
Prior Section IV(C) deleted in entirety. Dealt with Rnotes. / Section XIX(B)
Section XX(B) / Changes made to Section XIX(G)(1) to address location for delivery of presentment notice.
Section V / Moved text.
Revised to refer to applicable industry standards.
Prior Section V(C) deleted
Prior Section V(D) deleted / Section XV / Prior Section V(A) revised and moved to Section III(B)
Prior Section V(B) deleted. Portion of commentary for prior Section V(B) moved to commentary to Section XIX(H).
Section VII
Section VIII / These sections in revised Rules will be marked “Reserved” and left blank. / (See below) / (See below)
Former Section VII(A) / Section VII(A)(1) of ECP warranties revised and moved to Section XIX(L).
Other warranties in Section deleted. / None / Section XIX(L)(3)
Former Section VII(B) / Deleted.
Section only used for ECP presentment. / None / None
Former Section VII(C) / Deleted.
Section only used for paper to follow. / None / None
Former Sections VIII(A) through VIII(C) / Deleted.
Sections applied to Rnotes. / None / None.
Former Section VIII(D) / Deleted.
Text only applied to return of paper item after ECP. / None / None
Former Section VIII(E) / Deleted.
Text only applied to return of paper item after ECP. / None / None
Former Sections VIII(F) and VIII(G) / Deleted.
Sections applied to Rnotes. / None / None
Former Section XI(C) / Deleted.
Section applied to adjustment of paper items from ECP with paper to follow. / None. / None.
Section XV / Relocated text / Section XVI / Section V
Section XVI / Relocated text
Section XVI will be marked as “Reserved”. / None / Section XV
Section XIX(A) / Text relocated/deleted to create single definition Section.
Current Section XIX(A) will be marked as “Reserved”. / None / Section I
Section XIX(B) / Similar sections combined.
Current Section XIX(B) will be marked as “Reserved”. / None / Section IV
Section XIX(C)
Commentary / Relocating text regarding unreadable MICR and asterisks. / Section III(A) / None
Section XIX(G)(1) / Changes to address transmission of presentment notice.
Allows for deletion of former Section IV(B). / Section IV(B) / None.
Section XIX(G)(1)
Commentary / Moved commentary. / Section IV(B) Commentary / None
Section XIX(H)
Commentary / Moved commentary. / Section V(B) Commentary / None
Section XIX(I) / Section no longer needed since all rules apply to image exchange with the deletion of ECP.
Will be marked as “Reserved” / None / Text deleted
Section XIX(L)(3) / Warranty from presentment notice from ECP section moved to Image Rules section / Section VII(A)(1) / None
Section XIX(P) / Combined all definitions into single section.
Section will be marked “Reserved” / None / Section I
Section XX(A) / Text relocated/deleted to create single definition Section.
Current Section XX(A) will be marked as “Reserved”. / None / Section I
Section XX(B) / Similar sections combined.
Current Section XX(B) will be marked as “Reserved”. / None / Section IV
Section XX(C)
Commentary / Relocating text regarding unreadable MICR and asterisks. / Section III(A) / None
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