Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2016/155)

To all lending institutions operating in Palestine

Date: Wednesday, August 31, 2016

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Subject: Credit Operations System User Permissions Management System

Further to PMA Circular No. (2008/47) issued on March 23, 2008, concerning the specifications and conditions for using the Credit Information Service website, and to Item Five of the instruction regarding user permissions management, and within the framework of the PMA's efforts to develop work tools and mechanisms to reduce manual and paper-based processes, a system has been developed to manage users of the Credit Operations System through the Credit Information website, thereby eliminating the use of the paper forms stipulated in the instruction.

Accordingly, institution management is requested to disseminate this circular to users of the Credit Operations System, particularly those nominated by your institutions to manage the user system pursuant to PMA Circulars No. (2016/56) dated April 5, 2016, and No. (2016/104) dated June 14, 2016, and the attached guidelines. In this regard, we wish to highlight the following:

• Institutions and their branches shall cease sending paper forms related to Credit Operations System user permissions effective September 1, 2016. Any paper forms submitted to the PMA after this date for adding/modifying/suspending/modifying user permissions on the Credit Information System will not be approved, and no action will be taken regarding them.

• All follow-ups and correspondence regarding the user system shall be conducted through the System Administrator (Administrator), who serves as the liaison between the institution's management and the PMA.

• The System Auditor (Auditor) in each institution shall be responsible for follow-up and verifying the validity of requests related to user permissions and their compliance with the institution's policies and procedures, thereby ensuring the principle of dual control.

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

• Permissions related to the System Administrator and System Auditor shall be assigned by the PMA pursuant to the attached permission addition form included with this instruction, and forms will only be accepted if signed and stamped by institution management.

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www.pma.ps

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Ramallah - Palestine PO. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922

Gaza - Palestine PO Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487

Email: info@pma.ps