Regulatory Alerts2014-01-01
Circular No. 59 (2014) Development of the Credit Information System - Clarification Circular
The Palestine Monetary Authority issued Circular No. 59 (2014) to clarify reporting requirements for the development of the Credit Information System (Version III) following field visits to lending institutions. The circular mandates specific disclosure mechanisms for guarantee limits, revolving purchase limits, facility guarantees, non-performing facilities, interest rates, enterprise assets, and geographic classification to ensure accurate credit rating assessments. Institutions must submit the updated financial files during the first five working days of May, maintain parallel reporting until further notice, and complete a one-time demographic data migration for borrowers and SMEs by the end of April 2014.
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