OREANDA-NEWS. March 15, 2011. Non-bank credit institutions (NBCI) will connect to the Centralized Credit Registry (CCR) in accordance with the additions and amendments to the “Regulations on the Centralized Credit Registry”, reported the press-centre of CBA.

The new amendments determine the structure, submission and receipt order of information to be provided to the CCR by NBCIs. Under the Regulations, NBCIs shall, within first four working days of each month, submit information on the entire loan portfolio and within two working days upon the day of issuance of the loan – on newly issued loans to the CCR.

To that end, the Central Bank held a relevant workshop for the NBCI representatives and demonstrated integration procedures. A relevant technical platform for the testing of information in real time mode has been installed. Every NBCI can connect to the main base by testing its information at the platform.

To note, the CCR created in the Central Bank in 2005 collects information on all loans of banks regardless of amount. Upon integration of NBCIs to the CCR it will be possible to obtain a loan report reflecting all liabilities of each debtor both to banks and NBCIs. Under the legislation, appropriate information can only be used by banks and NBCIs, as well as debtors themselves.