Regulatory Alerts2008-01-01
Circular No. 43 Clarifications Regarding Credit Information Service Instructions
The Palestine Monetary Authority issued Circular No. 43 to mandate specific disclosure procedures for credit facility reporting in monthly files. Banks must report current account limits as zero utilized balance until drawn upon, and must code transferred salary guarantees using the (SL) and (PG) symbols with corresponding limit values. Additionally, institutions are required to disclose the personal details of all salary-transferring guarantors in the designated resident and non-resident personal guarantees sections.
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