Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (88/2019)

To all banks operating in Palestine
Date: Thursday, April 04, 2019

Subject: Clarifications on Banking Account System Guidelines

Referring to our Circular No. (29/2019) dated 04/02/2019 regarding setup guidelines for developing the banking account system, and to the meetings held previously with banks to discuss the circular's provisions, and in light of emerging notes and inquiries that were agreed upon, the following clarifications of these inquiries are provided to be taken into consideration when preparing files.

1. Mandatory Fields for Individuals, Companies, and Entities Lacking Data as They Are Dormant Accounts for a Long Period and Their Data Cannot Be Updated/Completed:
   Mandatory fields are filled with the symbol (N/A) if the field is text, numeric fields are filled with the value (0), and the date field is filled with the value (01/01/1980).

2. Mechanism for Declaring Residency Type:
   For the purpose of disclosing customer data for the banking account system, the ID number is primarily adopted for all ID holders regardless of type (green, blue).

3. Declaring the Other Income Sources Field:
   In the other income sources field of the individual demographic data file (Annex No. 1), declare (Yes) if other sources exist, and (No) if no other income sources exist.

4. Declaring the Work Address:
   In the work address field of the individual demographic data file (Annex No. 1), declare the name of the employer/institution.

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5. Declaring the Residence Location for Non-Residents (Country, Governorate, City) or Residents Located Outside Palestine:

Declare the ISO CODE for the country where the customer is located, while the (Governorate, City) fields are left blank.

6. Disclosing Founder Data for Companies:

If founder data for companies is unavailable as required by the guidelines circular, declare the data of the authorized signatories for the company.

7. Disclosing Old Closed Accounts That Have Been Closed for Years:

Disclose demographic and banking data for old closed accounts only from the start date of 1/1/2016.

8. Declaring Annual Profit When Information Is Unavailable:

Declare the annual profit value as (0) if the information is unavailable at the bank.

9. Declaring the ID Card Expiry Date:

Declare the ID card expiry date as ten years from the issue date, noting that the (Place of Issue, Issue Date, Expiry Date) fields are mandatory for non-residents holding passports or any other documents besides the ID.

10. Declaring the Number and Value of Checks Under Collection:

Declare for the first time only in the banking accounts file in Annex No. (3) the fields for the number and value of checks under collection, then continue declaring these two items in cases of modification/update in the checks under collection data modification file as required in (Annex No. 4).

11. Declaring the Account Status Modification Date:

Declare the date of the last transaction on the account, and if the information is unavailable, declare the account opening date.

12. Bank and Branch Numbers for Declaration in the Banking Accounts File (Annex No. 3):

Use the bank and branch numbers utilized in the credit information system for declaration in the banking accounts file.

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13. Legal Form of Companies:

Modifications have been made to the legal forms of companies, and therefore, the classifications provided in Annex No. (13) for legal forms are adopted. Based on the above, and relying on Circular No. (29/2019) regarding the guidelines for establishing the banking account system and the timeline specified in the circular to commence inspection operations in preparation for officially launching the system, all banks are requested to take the necessary measures to comply with the circular's requirements according to the timeline without delay.

Please accept our highest regards,

Market Regulation Department
Palestine Monetary Authority

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Note:
The page contains the Palestine Monetary Authority logo and contact details at the bottom of the page:

• 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

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Annex No. (1)

Demographic Data for Individual Accounts

Operation: Resident – Non-Resident	Document/ID/Passport Number	Personal Stability Document Type
Mandatory	Annex No. (6) (Resident S, Non-Resident F)	Nationality
Mandatory	Declare customer nationality according to international ISO codes
Mandatory	Annex No. (7)	Full Name
Mandatory	Full Name according to personal stability document	Surname
Mandatory	Customer surname, and if unavailable, declare (N/A)	Place of Issue
Mandatory	Document issue place	Issue Date
Mandatory	Document issue date (DD/MM/YYYY)	Expiry Date
Mandatory	Passport expiry date (DD/MM/YYYY) for non-residents	Place of Birth
Mandatory	As stated in personal stability document	Date of Birth
Mandatory	As stated in personal stability document (DD/MM/YYYY)	Occupation
Mandatory	Customer occupation	Customer Status
Mandatory	Legal status classification of customer per Annex No. (8)	Income Value
Mandatory	Monthly income value, if unavailable place value (0)	Currency
Mandatory	Customer income currency per Annex No. (9)	Other Income Sources
Non-Mandatory	Other monthly or regular income sources	Gender
Mandatory	(Male "1", Female "2")	Marital Status
Mandatory	(Single "1", Married "2", Divorced "3", Widowed "4")	Mother's Name
Mandatory	As stated in personal stability document	Spouse's Name
Mandatory	As stated in personal stability document	Spouse's Occupation
Non-Mandatory	Nature of spouse's occupation or (N/A) if no occupation	Residential Address
Mandatory	Customer residence location (current residence)	Work Address
Mandatory	Customer's work address	Email Address
Non-Mandatory	Customer's email	Governorate
Mandatory	Governorate the customer belongs to (Annex No. 11)	City
Mandatory	City the customer belongs to (Annex No. 12)	Education Level
Mandatory	Customer's educational qualification (Tawjihi, Vocational Diploma, Bachelor, Higher Diploma, Master, PhD, None)	Country
Mandatory	Country where customer resides (Annex No. 7)	P.O. Box Number
Non-Mandatory	P.O. Box number or (N/A) if unavailable	Postal Code
Non-Mandatory	Customer's postal code	Permanent Address
Mandatory	Permanent address per ID	Fax Number
Non-Mandatory	Customer's fax number if available or (N/A) if unavailable	Mobile Phone Number
Mandatory	Customer's phone number

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Annex No. (2)

Demographic Data for Companies / Institutions / Legal Entities Accounts

Registration Number / SPADY Code	Personal Stability Document Type
Mandatory	As stated in registration certificate or issued by PMA
Mandatory	(Company/Entity/Institution No. 6)
Mandatory	As stated in registration certificate
Mandatory	Trade Name
Mandatory	Chairman of the Board / Company / Institution name as stated in registration certificate
Mandatory	Registration Date (DD/MM/YYYY)
Mandatory	As stated in registration certificate (DD/MM/YYYY)
Mandatory	Establishment Date
Non-Mandatory	Company Establishment Place Governorate
Mandatory	Tax File Number
Mandatory	Annual Profit
Mandatory	Profit Size
Mandatory	Annual Income
Mandatory	Income Currency per Annex No. (4)
Mandatory	Declare entity status according to legal status classification of entity in Annex No. (8)
Mandatory	Declare economic sector the company operates in per Annex No. (10)
Mandatory	As stated in registration certificate (13)
Mandatory	Legal Form
Mandatory	As stated in registration certificate
Mandatory	Capital
Mandatory	As stated in registration certificate (9)
Mandatory	Capital Currency
Mandatory	Main Center Address of Company / Institution as stated in registration certificate
Mandatory	Main Center Address
Mandatory	Entity Email
Non-Mandatory	Entity Postal Code
Mandatory	Licensing Country
Non-Mandatory	Entity Phone Number
Non-Mandatory	Entity Fax Number
Non-Mandatory	Entity P.O. Box
Mandatory	Governorate where entity headquarters is located (Annex No. 11)
Mandatory	City where entity headquarters is located (Annex No. 12)
Mandatory	Number of operating company branches

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Annex No. (3)

Banking Accounts File

.1	Mandatory	Customer ID/Passport/Company Registration/SPADY Code
.2	Mandatory	Customer Document Type
.3	Mandatory	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)
.4	Mandatory	Bank Code
.5	Mandatory	Branch Code

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Annex No. (4)

Checks Under Collection Modification File

.1	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Customer Document Type	Customer ID Type
.3	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)
.4	Account Code	Account code
.5	Current Number of Checks Deposited Under Collection	Number of outstanding checks under collection
.6	Current Value of Checks Deposited Under Collection per Account Currency	Amount of outstanding checks under collection

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Annex No. (5)

Customer Data Update Requests File

.1	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Customer Document Type	Customer ID Type
.3	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)

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Annex No. (6)

Document Type

ID	S
Passport	F
Company	C

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Annex No. (7)

Account Details

Mandatory	Date of last update reflected on customer accounts (DD/MM/YYYY)	Data Update Date
Mandatory	First Shareholder ID Number	First Shareholder ID Number
Mandatory	First Shareholder Document Type	First Shareholder Document Type
Mandatory	Nationality	Nationality
Mandatory	Shareholding Percentage	Shareholding Percentage
Mandatory	Second Shareholder ID Number	Second Shareholder ID Number
Mandatory	Second Shareholder Document Type	Second Shareholder Document Type
Mandatory	Nationality	Nationality
Mandatory	Shareholding Percentage	Shareholding Percentage
Mandatory	Third Shareholder ID Number	Third Shareholder ID Number
Mandatory	Third Shareholder Document Type	Third Shareholder Document Type
Mandatory	Nationality	Nationality
Mandatory	Shareholding Percentage	Shareholding Percentage
Mandatory	Fourth Shareholder ID Number	Fourth Shareholder ID Number
Mandatory	Fourth Shareholder Document Type	Fourth Shareholder Document Type
Mandatory	Nationality	Nationality
Mandatory	Shareholding Percentage	Shareholding Percentage
Mandatory	Shareholder ID ........	Shareholder ID ........
Mandatory	Shareholder Document Type ........	Shareholder Document Type ........
Mandatory	Nationality	Nationality
Mandatory	Shareholding Percentage	Shareholding Percentage

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Annex No. (8)

Account Details (Continued)

.6	Mandatory	Basic Account Number	Basic Account Number
.7	Mandatory	Account Number	Account Number
.8	Mandatory	Account Type	Account type
		Current Account (CA)	Current account
		Savings Account (SA)	Saving account
		Time Deposit (DA)	Deposit account
		Financial Inclusion Account (Account for every citizen) (BA)	Basic account
.9	Mandatory	Account Status	Account Status
		Active (AC)	Active
		Dormant (DO)	Dormant
		Closed (CL)	Closed
		Suspended (SC)	Suspended
.10	Mandatory	Account Open Date	Account open date
.11	Mandatory	Account Status	Account status
		Company (CO)	Company
		Individual (IN)	Individual
		Joint (JO)	joint
		(Partner data is declared but account status will be (JO) and same account number)
		Minor (MI)	Minors
.12	Mandatory	Account Currency Annex No. (9)	Account Currency
.13	Mandatory	Economic Sector	Economic Sector
		Customer economic sector type according to classifications in Annex No. (10)
.14	Mandatory	Account Status Modification Date	Closing date/ dormant date/ Suspended date
.15	Mandatory	Last Data Update Date	Date of last update
.16	Mandatory	Minor ID Number	If account is for a minor, minor ID number will be added
.17	Mandatory	Number of Checks Deposited Under Collection	Number of Checks under collection
.18	Mandatory	Value of Checks Deposited Under Collection per Account Currency	Amount of Checks under collection

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Annex No. (9)

Account Details (Continued)

.1	Mandatory	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Mandatory	Customer Document Type	Customer ID Type
.3	Mandatory	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)
.4	Mandatory	Account Code	Account code
.5	Mandatory	Current Number of Checks Deposited Under Collection	Number of outstanding checks under collection
.6	Mandatory	Current Value of Checks Deposited Under Collection per Account Currency	Amount of outstanding checks under collection

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Annex No. (10)

Account Details (Continued)

.1	Mandatory	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Mandatory	Customer Document Type	Customer ID Type
.3	Mandatory	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)

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Annex No. (11)

Account Details (Continued)

.1	Mandatory	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Mandatory	Customer Document Type	Customer ID Type
.3	Mandatory	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)

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Annex No. (12)

Account Details (Continued)

.1	Mandatory	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Mandatory	Customer Document Type	Customer ID Type
.3	Mandatory	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)

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Annex No. (13)

Account Details (Continued)

.1	Mandatory	Customer ID/Registration Number	Customer ID/ Registration Number
.2	Mandatory	Customer Document Type	Customer ID Type
.3	Mandatory	Nationality	Nationality
		(PS) for Companies, Nationality for Resident, Nationality for Non-Resident per Annex No. (7)

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Note:
The page contains the Palestine Monetary Authority logo and contact details at the bottom of the page:

• 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