Regulatory Alerts2019-06-26
Information Sheet: Electronic Correction Notification of the Million Credit Reporting System
The Deutsche Bundesbank issues electronic correction notifications to credit providers when post-submission adjustments are made to the total indebtedness of million credit borrowers. These corrections are distributed via the Bundesbank's ExtraNet as downloadable ZIP archives containing both printable PDF files and corrected XML data files for IT system integration. Access requires specific user registration for the correction notification function, with provisions for IT service providers and merged entities to handle data retrieval on behalf of non-reporting subordinate lenders.
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