Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2019/173)

To all banks operating in Palestine

Date: Tuesday, July 09, 2019

Subject: Amendments to Version IV of the Credit Information System

Continuing the development of the Credit Information System, and based on user feedback regarding Version IV of the system, and in reference to our previous circulars: Circular No. (2007/160) dated 2007/10/28, Circular No. (2014/183) dated 2014/12/17, and Circular No. (2016/52) dated 2016/03/29, we highlight the key amendments made to the Credit Information System Version IV (Version IV). The amendments cover the following items:

First: Amendments to the Record Opening Screen:

• Modification of mandatory fields based on the type of financing facility, where the mandatory requirement for certain fields has been removed for some facility types, namely:
  • Demand Overdraft F003: The mandatory requirement for the following fields has been removed: Number of installments, Installment type, Installment value, Date of last installment due.
  • Loans F005: The mandatory requirement for the following fields has been removed: Number of installments, Installment type, Installment value, Date of last installment due.
  • Credit Cards F015: The mandatory requirement for the following fields has been removed: Number of installments, Installment type, Installment value.

Second: Amendments to the Financial Data Modification Screen:

• The financial data modification screen has been updated to allow users to add demographic data for housing loans, mortgages, and small and medium enterprise (SME) loans through this screen, in case this data was not previously entered by the bank.
• Facility Repayment: The characteristics of the repayment process have been modified to reduce the following fields (Approved Limit, Utilized Balance, Unpaid Due Installments).

Third: Amendment to the Financial Facility File Structure (TXT.File)

Due to the increased number of private sector companies benefiting from the Monetary Authority's credit systems, work has been done to expand the fields for bank numbers, lending institutions, and private sector companies. Accordingly, the financial facility file has been amended as follows:

• Item 7 in the facility file structure has been modified to consist of only two digits. For example, previously the bank number was declared as "0100", whereas currently only the bank number "01" must be declared.
• Item 8 in the facility file structure has been modified to consist of only two digits. For example, previously the branch number was declared as "0112", whereas currently only the branch number "12" must be declared.

Fourth: Amendment to the Demographic Data Screen (Customer Data)

Continuing development efforts and in preparation for the upcoming launch of the Banking Accounts System, the customer data screen has been updated with new fields to enrich the demographic database for customers, as follows. Please note that all these fields are currently non-mandatory until the launch of the Banking Accounts System, after which they will become mandatory.

Demographic Data Added for Resident Individual Files:

Surname	Country
Email	Governorate
Education Level	City
Postal Code	P.O. Box Number
Mobile Phone Number	Fax Number
Social Security Number	Other Nationalities

Demographic Data Added for Non-Resident Individual Files:

Passport Expiry Date	Passport Issuance Place
Passport Expiry Date	Surname
Other Income Source	Governorate
Email	City
Education Level	P.O. Box Number
Postal Code	Fax Number
Mobile Phone Number	Other Nationalities
Social Security Number	Country

Demographic Data Added for Companies/Entities/Institutions Files:

Trade Name	Email
Company President Name	Country
Tax Number	Governorate
Annual Profit	City
Annual Income	Fax Number
Legal Form	P.O. Box Number
Number of Company Branches

Accordingly, the Palestine Monetary Authority hopes that bank administrations will disseminate this circular to system users to inform them of these developments and facilitate their tasks. We also wish to inform you that the systems will be suspended from 15:00 on Thursday, July 11, 2019, until the evening of Saturday, July 13, 2019.

Market Discipline Department
Palestine Monetary Authority

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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 Gaza - Palestine P.O. Box 4026 Fax: +970 8 2844487 | Tel: +970 8 2825713 www.pma.ps