Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (53/2014)

To All Lending Institutions Operating in Palestine

Date: Monday, April 14, 2014

Subject: Development of the Credit Information System (Version III)

In reference to our Circular No. (2014/12) dated January 20, 2014, concerning the development of credit operations systems, and to Item One regarding the description of the most important system development components, and with the aim of providing accurate data to the Palestine Monetary Authority regarding credit extended by the banking sector and lending institutions to assist it in monitoring and managing credit risks, and to assist the banking sector and lending institutions in making credit decisions, we hereby inform you that the following development items required from lending institutions have been added:

• Addition of the total monthly income and income currency fields to the personal data of borrowers according to Forms No. (3) and No. (4) attached to the Circular.
• Modification of personal data related to facilities granted to small and medium-sized enterprises (SMEs) by adding the following fields according to Form No. (5) attached to the Circular:
  • The enterprise geographic classification field (City 01, Town 02, Village 03) based on Annex No. (15) attached to the Circular.
  • Addition of the enterprise owner's ID/Passport number and nationality in cases where facilities are granted under the enterprise registration number.
  • Addition of the total enterprise assets item valued in the currency of disbursement.

All lending institutions are requested to adopt the above modifications, which will be implemented on the developed system through credit record opening operations for new facilities. As for existing facilities (Version III), coordination will be conducted with you to provide us with the following:

• An Excel file containing the ID number, document number, nationality, registration number, and additional data (income, income currency) related to borrowers' personal data, to be migrated by us to existing facilities.

• Another Excel file specific to small and medium-sized enterprises containing the ID number, document number, nationality, registration file number, and personal data (enterprise geographic classification, enterprise owner's ID number, total enterprise assets) to be migrated by us to the personal files of facilities granted to SMEs.

Accordingly, we hope that all required developments will be completed according to the action plan established for the development process. Please note that a meeting has been scheduled for Thursday, April 24, 2014, at 9:30 AM with the teams responsible at lending institutions for monitoring the progress of the development process stages.

Thank you for your cooperation,

Public Relations and Market Discipline Department Palestine Monetary Authority

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Annex No. (15)

Enterprise Geographic Classification

01	City	1.
02	Town	2.
03	Village	3.

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Description of Resident Borrowers File

Form No. (3)

Field Name	Note	Seq
ID Number	ID Number (for resident borrower)	.1
Customer’s Name	Full four-part name as stated on the ID card	.2
Gender	Gender 1 Male 2 Female	.3
Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed	.4
Date of Birth	Date of birth in English numerals in the format (dd/mm/yyyy)	.5
Place of Birth	Place of birth	.6
Spouse’s Name	Spouse's name	.7
Mother’s Name	Mother's name	.8
Current Address	Current address	.9
Previous Address	Previous address	.10
Phone Number/ cellular	Home/cellular phone number	.11
Profession	Borrower's profession	.12
Spouse’s Profession	Spouse's profession	.13
Borrower Type	Borrower type/status	.14
Borrower's Income	Monthly income of the borrower	.15
Income currency	Income currency	.16

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Description of Non-Resident Borrowers File

Form No. (4)

Field Name	Note	Seq
Passport Number	Passport number	.1
Nationality	Nationality according to the international country code	.2
Customer’s Name	Full name as stated in the passport in Arabic letters	.3
Date of Birth	Date of birth in English numerals in the format (dd/mm/yyyy)	.4
Place of Birth	Place of birth	.5
Date of Issue	Passport issue date in English numerals in the format (dd/mm/yyyy)	.6
Place of Issue	Passport issue place	.7
Gender	Gender 1 Male 2 Female	.8
Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed	.9
Spouse’s Name	Spouse's name	.10
Mother’s Name	Mother's name	.11
Current Address	Current address	.12
Previous Address	Previous address	.13
Phone Number/cellular	Home/cellular phone number	.14
Profession	Borrower's profession	.15
Spouse’s Profession	Spouse's profession	.16
Borrower Type	Borrower type/status	.17
Social Security No	Social Security Number / National ID	.18
Borrower's Income	Monthly income of the borrower	19
Income currency	Income currency	20

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Description of SME File

Form No. (5)

Field Name	Field Name	Seq.
ID Number	ID Number/ Passport/ Company/ Entity Registration	1.
ID Type	Document Type: Specify the type of document held by the borrower according to the classifications in Annex No. (01)	2.
Nationality	Nationality of the borrowing customer according to the passport type held according to the classifications in Annex No. (02)	3.
Facility File Number	Facility file number	4.
Bank code	Bank code: Lender bank number according to the classifications in Annex No. (03)	5.
Owner’s gender	Enterprise owner's gender according to the classifications in Annex No. (04)	6.
Financing Period	Financing period	7.
Percentage of Guarantee Coverage	Loan guarantee percentage from loan guarantee institutions	8.
Interest Rate Percentage	Interest rate	9.
Interest Type	Interest type according to the classifications in Annex No. (05)	10
Monthly Net Income	Monthly return/average monthly income in income currency	11
Income currency	Income currency according to the classifications in Annex No. (06)	12
Insurance on the Assets of Enterprise	Insurance on enterprise assets according to the classifications in Annex No. (07)	13
Number of Full Time Employees	Number of full-time workers	14
Number of Part Time Employees	Number of part-time workers	15
Capital of The Enterprises	Enterprise capital value	16
Capital currency	Capital currency	17

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Annual Sales	Annual sales rate according to the classifications in Annex No. (06)	18
Purpose of the Loan	Purpose of financing according to the classifications in Annex No. (08)	19
Loan Distribution by Purpose	Investment percentage in the financing purpose according to the classifications in Annex No. (08)	20
Enterprises Registration	Enterprise registration location according to the classifications in Annex No. (09)	21
Type of the Enterprises ownership	Enterprise ownership type according to the classifications in Annex No. (10)	22
Enterprise setup in terms of Profit	Project classification by profitability according to the classifications in Annex No. (11)	23
Economic sector	Economic sector according to the classifications in Annex No. (13)	24
Legal Procedures	Legal procedure according to the classifications in Annex No. (14)	25
Total Assets	Total enterprise assets (in disbursement currency)	26
Enterprise Geographic classification (City, Town, Village)	Enterprise geographic classification	27
Owner's ID Number	Enterprise owner's ID/Passport number	28
Owner's Nationality	Enterprise owner's nationality	29