Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2016/65)

To All Banks Operating in Palestine

Date: Thursday, April 21, 2016

Subject: Mechanism for Reporting Government Payment Authorizations on the Credit Information System

Further to the Ministry of Finance and Planning's decision to issue government payment authorizations, and to regulate the inquiry and reporting mechanism for allocated authorizations (excluding those retained until maturity) on the Credit Information System, the following procedures shall be followed for inquiring and reporting allocated authorizations:

1. First: Inquire about the government payment authorization account using the sovereign number (PM02080125).

2. Second: Open an account on the Credit Information System for the (government payment authorizations) data deducted against the sovereign number referenced in item one.

3. Third: Apply the reporting mechanism for allocated payment authorizations on the Credit Information System per Circular No. (2014/183) dated 2014/12/17, ensuring the following fields are reported as specified:

   1. Document Type: Report code (C), representing the document type of the payment authorization issuer.
   2. Facility Grant Date: Report the deduction date of the payment authorization.
   3. Type of Facility Granted: Report code (F023).
   4. Granted Limit: Report the value of the payment authorization.
   5. Utilized Balance: Report the full value of the payment authorization, matching the Granted Limit field.
   6. Value of Unpaid Due Installments: Report the value of unpaid payment authorizations according to their maturity schedule.
   7. Grace Period: Report the value (0).
   8. Number of Facility Installments: Report the number (1).
   9. Type of Periodic Installment: Report code (OP), indicating a single lump-sum payment.

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10. Periodic Installment Value: Report the full value of the payment authorization.

11. Date of Last Paid Installment: Report the deduction date of the payment authorization.

12. Date of Last Installment Due: Report the maturity date of the payment authorization.

13. Legal Procedures: Report code (B).

14. Facility Category Classification: Report code (CO).

15. Customer Status Assessment: Report the customer status assessment based on the Ministry of Finance's compliance with settling authorization values according to their maturity schedule.

To ensure the execution of inquiry processes, record opening, and data exchange, please find enclosed a general authorization from the Ministry of Finance to all banks to implement these procedures in accordance with regulations.

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Public Relations and Market Discipline Department Palestine Monetary Authority

Copy: Ministry of Finance

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Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 | Fax: +970 2 2409922 | Tel: +970 2 2415250 | P.O. Box 452 - Ramallah, Palestine Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Fax: +970 8 2844487 | Tel: +970 8 2825292 | P.O. Box 4026 - Gaza, Palestine Email: info@pma.ps | Email: info@pma.ps www.pma.ps