Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2016/154)

To all banks operating in Palestine
Date: Wednesday, August 31, 2016

Subject: Credit Operations System User Rights Management System

Further to Circular No. (2008/47) issued on March 23, 2008, concerning the specifications and conditions for using the Credit Information Service website, and to Item 5 of the Circular regarding user rights management, and within the framework of the Palestine Monetary Authority's efforts to develop and automate work tools and mechanisms to reduce manual and paper-based processes, the Credit Operations System User Management System has been developed through the Credit Information website, thereby eliminating the need to use the paper forms stipulated in the Circular.

Accordingly, bank management is requested to disseminate this Circular to users of the Credit Operations System, particularly those nominated by your banks to manage the user system pursuant to PMA Circulars No. (2016/55) dated April 5, 2016, and No. (2016/103) dated June 14, 2016, and the attached guidelines. In this regard, we wish to highlight the following:

• Banks and their branches shall cease sending paper forms related to Credit Information System user rights effective September 1, 2016. Any paper forms submitted to the Authority after this date to add, modify, suspend, or activate user rights on the Credit Information System will not be approved, and no action will be taken on them.

• Banks shall continue to submit paper forms related to user rights for the Repeat Network System screens until further notice.

• All follow-ups and correspondence regarding the user system shall be conducted through the System Administrator (Administrator), who serves as the liaison officer between the bank management and the Authority.

• The System Auditor (Auditor) at each bank shall be responsible for following up and verifying the validity of requests related to user rights and their compliance with the bank's policies and procedures, thereby ensuring the principle of three-way control.

• The System Administrator is obligated to report suspended users due to resignation, leave, transfer, or change in job nature immediately upon any change in the employee's status.

• Rights related to the System Administrator and System Auditor shall be assigned by the Authority using the attached Rights Addition Form. Forms will only be accepted if signed and stamped by bank management.

---

www.pma.ps

Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 | Fax: +970 2 2409922 | Tel: +970 2 2415250 | P.O. Box 452 Ramallah - Palestine Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Fax: +970 8 2844487 | Tel: +970 8 2825292 | P.O. Box 4026 Gaza - Palestine Email: info@pma.ps | Email: info@pma.ps