Regulatory Alerts2022-01-01
Circular No. 155/2022: Amendment to the System Integration Service
The Palestine Monetary Authority issued Circular No. 155/2022 mandating all lending institutions in Palestine to update their System Integration Service Web services with five specific credit report API amendments effective September 1, 2022. The required changes introduce fields for alternate document type notes, joint facility partner identifiers, returned check volumes and values, additional guarantor guarantees, and SME enterprise classifications. Institutions must implement these technical modifications and conduct validation checks via the authority's approved link.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (155/2022) To all lending institutions operating in Palestine Date: Tuesday, July 19, 2022
Subject: Amendment to the System Integration Service
Based on the development of the credit information systems launched on 2022/6/12, and on Circular No. (2020/127) dated 2020/06/16 regarding the banking system integration service, and on the amendments made to the credit report which include the following items:
- Adding a note to the customer's credit report indicating the existence of another file for the customer based on the document type.
- Displaying the partner's name and ID number for joint accounts.
- Displaying the number and value of returned checks on the customer's account on the credit report.
- Increasing the number of guarantees provided by guarantors.
- Displaying the enterprise classification for facilities granted to micro, small, and medium enterprises.
Lending institutions are committed to implementing the above amendments to the Web services of the System Integration Service in accordance with the attachment, effective from 2022/09/01, noting that the necessary checks can be performed through the approved check link.
[Signature] Financial Stability Group Palestine Monetary Authority
www.pma.ps Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps Gaza - Palestine P.O. Box 4026 | Tel: +970 8 282513 | Fax: +970 8 2844487
System Integration Service Credit Information Report
API Amendments:
| Amendment | Method ID | Field Name on Credit Report | Return Type | Field Name in Service |
|---|---|---|---|---|
| Display a note in the report indicating the existence of other data under the ID number with a different document type | CR1 | Note | String | other_type |
| Increasing the number of guarantees provided by guarantors | CR3 | Guarantee 2<br>Guarantee 3<br>Guarantee 4 | String<br>String<br>String | guarantyType2<br>guarantyType3<br>guarantyType4 |
| Display partner name and ID number in joint facilities | CR3 | - Facility Partners<br>- Partner ID Number<br>- Partner Name | List<br>String<br>String | jointList<br>jointID<br>jointName |
| Adding the enterprise classification field in financial data, displaying SME classification if the facility type is SM | CR3 | Enterprise Classification | String | smeCategory |
| Displaying the number and value of returned checks alongside the check classification | CR10 | Number of Returned Checks<br>Value of Returned Checks | retChequesCount<br>retChequesAmount |