Regulatory Alerts2008-01-01
Circular No. 7 Facility File Number
The Palestine Monetary Authority mandates all Palestinian banks to implement a new 40-character maximum "Unified Facility File Number" field (Field 42) in their monthly facility data submissions to the credit information database. This requirement, effective for the February 2008 reporting cycle, aims to eliminate duplicate facility records and enhance data reliability by assigning a single unique identifier to each direct and indirect facility, including overdrafts and credit cards. Banks must configure their systems to generate this alphanumeric code according to their internal standards and ensure strict compliance with the updated file sequence and formatting specifications.
Palestine Monetary Authority
Palestine Monetary Authority
(2008/7) Circular No.
To all banks operating in Palestine
Date: Wednesday, January 09, 2008
Subject: Facility File Number
With reference to the field visits and telephone conversations conducted with banks during the period 29/12/2007 - 03/01/2008 to discuss certain issues related to the new credit information service, including the use of the facility file number as a fundamental element in matching parallel financial data in the monthly facility file. Given the capability of bank systems to handle this matter according to the results of follow-ups and field visits, which enables addressing duplication cases that appear during file migration, and to raise the level of reliability and accuracy in the correctness of data migrated to the credit information database, it has been decided to adopt the addition of a field at the end of the monthly facility file (Field No. 42 as per the attachment). This field discloses the (Unified Facility File Number), where the number of each facility (direct and indirect) is disclosed in this field, including overdraft accounts and credit cards.
To facilitate the task of assigning unified numbers to guarantee facilities (direct and indirect), the same facility number is used to guarantee a single facility, thereby eliminating the need to create new numbers to guarantee facilities.
The number is composed of a set of numeric or alphabetic elements, or both, in a manner deemed appropriate by banks, provided that the number of digits does not exceed 40 characters.
Bank administrations are requested to immediately prepare to add the number to the facility file for the month of February 2008.
Thank you for your cooperation,
Dr. Head of Bank Supervision Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 www.pma.ps
Facility File Description
| Seq. | Field Name | Note |
|---|---|---|
| 1 | Customer ID/ Registration Number | ID number, passport, registration (company/environmental) |
| 2 | Customer Type | Value 0 is used for customers or companies/banks, and the debit code is used according to international coding for non-residents |
| 3 | Facility Category | Facility classification |
| 4 | Bank Number | Issuing bank number |
| 5 | Branch Number | Issuing branch number |
| 6 | Month | Month in numbers (MM) |
| 7 | Year | Year in numbers (YYYY) |
| 8 | Facility Type | Facility type |
| 9 | Currency | Issuing currency |
| 10 | Economic Secton | Economic sector |
| 11 | Customer Status | Customer status assessment according to Circular 121 |
| 12 | Credit Limit | Granted limit |
| 13 | Used Balance | Utilized balance |
| 14 | Allocated Provision | Allocated provision amount |
| 15 | Granted Date | Facility grant date |
| 16 | Last Installment Due Date | Due date of last installment |
| 17 | Unpaid due installments | Value of unpaid due installments |
| 18 | Installment Frequency | Type of periodic installment |
| 19 | Installment Value | Value of periodic installment |
| Seq. | Field Name | Note |
|---|---|---|
| 20 | Legal Procedures | Legal procedures taken against the customer |
| 21 | Number of Installments | Number of granted facility installments |
| 22 | Last Installment Paid Date | Date of last paid installment |
| 23 | G1 | Value of first guarantee |
| 24 | G2 | Value of second guarantee |
| 25 | G3 | Value of third guarantee |
| 26 | G4 | Value of fourth guarantee |
| 27 | G5 | Value of fifth guarantee |
| 28 | G6 | Value of sixth guarantee |
| 29 | G7 | Value of seventh guarantee |
| 30 | G8 | Value of eighth guarantee |
| 31 | G9 | Value of ninth guarantee |
| 32 | G10 | Value of tenth guarantee |
| 33 | G11 | Value of eleventh guarantee |
| 34 | G12 | Value of twelfth guarantee |
| 35 | G13 | Value of thirteenth guarantee |
| 36 | G14 | Value of fourteenth guarantee |
| 37 | G15 | Value of fifteenth guarantee |
| 38 | G16 | Value of sixteenth guarantee |
| 39 | G17 | Value of seventeenth guarantee |
| 40 | G18 | Value of eighteenth guarantee |
| 41 | G19 | Value of nineteenth guarantee |
| 42 | Facility ID | A Unique identification code for the facility as provided by the bank |
Important Notes:
- Data in files sent by the bank must match the sequence above, with a semicolon (;) between each field and the following one when sent as a TXT file.
- The Windows Arabic Code page is adopted in the file for writing names and addresses in Arabic.
- All fields in the table are mandatory, and if information is unavailable, the relevant field is left blank while keeping the semicolon (;) in its designated place.
- The bank numbers used in the file are the currently used bank numbers.