Regulatory Alerts2022-01-01
Circular No. 154 Amendment to the System Integration Service
The Palestine Monetary Authority issued Circular No. 154/2022 mandating all Palestinian banks to update their credit information system integration web services with five specific amendments to the credit report data structure. Effective September 1, 2022, these changes require banks to display additional customer file notes, joint account partner details, returned check metrics, expanded guarantor guarantees, and SME enterprise classifications via updated API endpoints. Financial institutions must implement these technical modifications to the approved check link and service fields to ensure compliance with the June 2022 credit information system upgrades.
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (154/2022) To all banks 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 June 12, 2022, and Circular No. (2020/126) dated June 16, 2020, concerning the banking system integration service, and 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 a different 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.
Banks are required to implement the above amendments to the (Web services) of the system integration service in accordance with the attachment, effective from September 1, 2022, noting that the necessary checks can be performed through the approved check link.
Financial Stability Group Palestine Monetary Authority
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 other data exists for the ID number under a different document type | CR1 | Note | String | other_type |
| Increase the number of guarantees provided by guarantors | CR3 | Second Guarantee<br>Third Guarantee<br>Fourth Guarantee | 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<br>- Partner Name | List<br>String<br>String | jointList<br>jointID<br>jointName |
| Add enterprise classification field in financial data, displaying SME classification if the facility type is SM | CR3 | Enterprise Classification | String | smeCategory |
| Display number and value of returned checks alongside check classification | CR10 | Number of Returned Checks<br>Value of Returned Checks | String<br>String | retChequesCount<br>retChequesAmount |
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 2844407 | Fax: +970 8 2844407