Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (43/2007)
To all banks operating in Palestine
Date: Wednesday, 14 March 2007

Subject: New Credit Inquiry Service

In the context of the continuous work undertaken by the Palestine Monetary Authority in cooperation with banks to develop the credit inquiry service, and as a result of field visits and telephone communications with bank management to assess their readiness on this matter, the Palestine Monetary Authority appreciates and highly values the efforts made by banks to comply with the new service instructions. In light of this, and given the need to extend the trial period for a short additional time, the dates specified in our meetings with you to provide us with the disk containing customers' personal and financial data are postponed to a later date, which will be notified to you in writing.

In this context, and to clarify inquiries raised by some banks during field visits regarding the new service instructions, and in accordance with our Circular No. (22) issued on 31/01/2007, all banks are requested to take the following into consideration:

1. Use internationally recognized symbols to disclose the currency type in the new service forms.
2. Disclose the company's capital and capital currency code in the corporate borrowers' file according to its registration with the Companies Registrar/Controller.
3. The "Guarantee Value" item is removed from the corporate guarantors' file according to the new attached file.
4. Disclose the customer's landline or mobile phone, whichever is available, in the resident and non-resident borrowers' files according to the new attached forms.
5. The tourism sector is added to the economic sectors as stated in the new Annex No. (2) attached herewith.
6. New types of financing and banking facilities are added as stated in the new Annex No. (4) attached herewith.

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Palestine Monetary Authority

Palestine Monetary Authority

7. Holders of Jerusalem or Israeli IDs are considered residents solely for the purposes of the credit inquiry service, without prejudice to other Palestine Monetary Authority instructions requiring prior approval for granting facilities to non-residents.
8. Granted banking facilities are disclosed without specifying ceilings, within the "Amount Granted" field in the facilities file.
9. Use the symbols specified in the attached Annex No. (7) to disclose the type of periodic installment for repaying granted facilities.
10. Some personal and classification data for borrower types have been added as stated in the attached Annex No. (1).
11. Overdraft accounts valued at USD 100 or more, or their equivalent in other currencies, must be disclosed. Note that only overdraft accounts with an overdrawn period exceeding (5) working days are required to be disclosed.
12. The average of principal and interest repayment installments in reducing loans is considered the monthly installment to be disclosed in the facilities file.
13. Disclose the customer's legal status in the facilities file according to the symbols provided in the new attached Annex No. (8).
14. Disclose the full value of the granted facility without rounding to any decimal. Compliance is required to disclose the facility value, corresponding guarantee, and corresponding allocated provision in the same currency as the grant, according to the Palestine Monetary Authority's monthly exchange rates.
15. The economic sector item is removed from the borrower description file, as it has been added to the facilities file for borrowers according to the new attached form.
16. Disclose the following data for personal guarantors in the borrowers' file (residents and non-residents):
    • a. ID Number.
    • b. Full Name.
    • c. Mother's Name.
    • d. Date of Birth.
    • e. Place of Birth.

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Palestine Monetary Authority

Palestine Monetary Authority

For disclosure in the Text File, the value zero (0) is used for numeric fields if data is unavailable, while the symbol (N/A) is used for text fields if data is unavailable.
17. Disclose the bank's total facilities per branch individually as usual, on a semi-monthly basis according to the attached facilities description file. The Palestine Monetary Authority will specify the periodic disclosure date.
18. Companies registered with the Israeli Companies Registrar, operating in Palestinian Authority areas, and registered with the Palestinian Companies Controller/Registrar are considered solely for credit inquiry service purposes; otherwise, they are treated as non-resident companies.

Based on the above, we request that you adopt these amendments and replace the attached tables with the tables you currently hold as an annex to our previous Circular No. (22) issued on 31/01/2007. Do not hesitate to contact Mr. Ali Faroun, extension (168), or Mr. Rami Samara, extension (246), to answer your inquiries and comments.

Dr. Sami Matar
Banking Supervision Department
Palestine Monetary Authority

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Corporate Borrowers File Description

Seq.	Field Name	Note
1	Company Reg. Number	Company Registration Number with the Companies Controller
2	Company’s Name	Company Name
3	Establishment Date	Establishment Date in English numerals in (dd/mm/yyyy) format
4	Registration Date	Registration Date in English numerals in (dd/mm/yyyy) format
5	Headquarter Address	Company Headquarters Address
6	Resident/ none Resident	1 Registered company 2 Unregistered company
7	Legal Capital	Authorized Capital
	Currency code	Currency Code

Corporate Guarantors File Description

Seq.	Field Name	Note
1	Company Reg. Number	Company Registration Number
2	Guarantor’s ID	Guarantor ID or Passport Number
3	Guarantor’s Name	Guarantor Name
4	Share in Capital	Share in Capital Percentage

Resident Borrowers File Description

Seq.	Field Name	Note
1	ID Number	ID Number (for resident borrower)
2	Customer’s Name	Full Name as stated on ID card
3	Gender	Gender 1 Male 2 Female
4	Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed
5	Date of Birth	Date of Birth in English numerals in (dd/mm/yyyy) format
6	Place of Birth	Place of Birth
7	Spouse’s Name	Spouse's Name
8	Mother’s Name	Mother's Name
9	Current Address	Current Address
10	Previous Address	Previous Address
11	Phone Number/ cellular	Home/ Mobile Phone Number
12	Profession	Borrower's Profession
13	Spouse’s Profession	Spouse's Profession
14	Borrower Type	Borrower Type (Annex No. 1)

Non-Resident Borrowers File Description

Seq.	Field Name	Note
1	Passport Number	Passport Number
2	Nationality	Nationality according to the international country code
3	Customer’s Name	Full Name as stated in passport in Arabic letters
4	Date of Birth	Date of Birth in English numerals in (dd/mm/yyyy) format
5	Place of Birth	Place of Birth
6	Data of Issue	Date of Issue in English numerals in (dd/mm/yyyy) format
7	Place of Issue	Place of Issue
8	Gender	Gender 1 Male 2 Female
9	Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed
10	Spouse’s Name	Spouse's Name
11	Mother’s Name	Mother's Name
12	Current Address	Current Address
13	Previous Address	Previous Address
14	Phone Number/ cellular	Home/ Mobile Phone Number
15	Profession	Borrower's Profession
16	Spouse’s Profession	Spouse's Profession
17	Borrower Type	Borrower Type (Annex No. 1)

Facilities File Description

Seq.	Field Name	Note
1	Customer ID	ID Number, Passport, Company Registration
2	Customer Type	Enter 0 for residents or companies; enter nationality code per international coding for non-residents
3	Facility Category	Facility Classification (Annex No. 3)
4	Bank Number	Issuing Bank Number
5	Branch Number	Issuing Branch Number
6	Month	Month in numerals (MM)
7	Year	Year in numerals (YYYY)
8	Report	Reporting Period: First Half (1), Second Half (2)
9	Facility Type	Facility Type (Annex No. 4)
10	Currency	Grant Currency
11	Economic Secton	Economic Sector (Annex No. 2)
12	Customer Status	Customer Status assessment per Circular 121 (Annex No. 5)
13	Credit Limit	Granted Ceiling
14	Used Balance	Utilized Balance
15	Allocated Provision	Allocated Provision Amount
16	Granted Date	Facility Grant Date
17	Last Installment Due Date	Last Installment Due Date
18	Unpaid due installments	Value of Unpaid Due Installments
19	Installment Frequency	Periodic Installment Type (Annex No. 7)
20	Installment Value	Periodic Installment Value
21	Legal Procedures	Legal Actions Taken Against Customer (Annex No. 8)

Seq.	Field Name	Note
22	Number of Installments	Number of Granted Facility Installments
23	Last Installment Paid Date	Date of Last Paid Installment
24	G1	Value of First Guarantee (Annex No. 6)
25	G2
26	G3
27	G4
28	G5
29	G6
30	G7
31	G8
32	G9
33	G10
34	G11
35	G12
36	G13
37	G14
38	G15
39	G16
40	G17
41	G18
42	G19

Important Notes:

1. Data in files sent by the bank must match the sequence above, using a semicolon (;) as a delimiter.
2. When sending as a TXT file, the Windows Arabic Code page must be used in the file to write names and addresses in Arabic.
3. All fields in the tables are mandatory. If information is unavailable, leave the relevant field blank while keeping the semicolon (;) in its designated position.
4. Bank numbers used in the file are the currently assigned bank numbers.