An extension of your productive capacities. Address -For- The authentic digital revolution. Bet on internationalization. Acquire another company. Hire staff.
are just some of the reasons why a company, regardless of size, can be considered to request a certain extra financing to deal with its challenges. Financing, which becomes debt and that as occurs in other scenarios, can be a business brake
The Risk Information Center (CIR) is a public service that manages a database in which all loans, credits, guarantees, and risks in general that financial entities have with their clients are constant. The Risk Information Center (CIR) is a reflection of what entities in your databases have about you.
For each of these risks, the entities that declare them facilitate the most relevant information, including the identification of the client and the credit operations granted. For example, if you are the holder of a mortgage loan, your name and your tax identification number will be registered in the Risk Information Center (CIR), next to the amount owed (in euro units) at the end of each month. P>
Information from the Risk Information Center (CIR) is protected by important measures that guarantee its quality, security and confidentiality. This is so by legal obligation. In addition, the Bank of Spain has always considered those objectives as their own.
For each of these risks, the entities that declare them facilitate the most relevant information, including the identification of the client and the credit operations granted. For example, if you hold a mortgage loan, your name and fiscal identification number will be registered in the Risk Information Center (CIR), next to the amount owed (in euro units) at the end of each month. /p>
Information from the Risk Information Center (CIR) is protected by important measures that guarantee its quality, security and confidentiality. This is so by legal obligation. In addition, the Bank of Spain has always considered those objectives as their own.
targets of the circle
The Risk Information Center (CIR) has two fundamental objectives. First, to facilitate the declarant entities necessary for their activity. Thus, through the Risk Information Center (CIR), and with its knowledge, the entity can know what the debt you already have with other entities, and thus get a better idea of your solvency.
Once they give you the loan, and while you owe it, the entity will be informed monthly in aggregate of all the risks that have been declared to the Risk Information Center (CIR), which will also help you to know you Your situation.
Another of the fundamental objectives to allow the Bank of Spain to the proper exercise of its powers, and in particular those of supervision and inspection of the credit entities.
how the Cir works
The entities have to declare monthly to the Risk Information Center (CIR) the almost all of their credit risks and the holders to whom they correspond, including the most significant data, characteristics and circumstances.
are obliged to declare the Risk Information Center (CIR):
- The Bank of Spain.
- Spanish credit entities (banks, savings banks, credit cooperatives and ICO).
- Branchs in Spain of foreign credit entities, the Deposit Guarantee Fund, Reciprocal Guarantee and Reafianzamiento Societies.
- Credit financial establishments and those other entities determined by the Ministry of Economy and Competitiveness at the proposal of the Bank of Spain.
The declared risks of the CIR are classified into two large groups:
- Direct Risks: Those that are derived from loans or credits, money or signature and financial lease operations, as well as the fixed income values that the entity possesses.
- Indirect risks: Those of whom they guarantee or support other clients that have granted loans or credits by the entity. In this case, concepts such as guarantees, consolidations and personal guarantees, firms committed to the financial effects and signatures that have been taken into account by the declarant for the assumption of risk are entered.
With this, the data declared to the Risk Information Center (CIR) by the entities will be exact and will be put up to date, so that they faithfully reflect the situation of the risks and their holders. Monthly the Risk Information Center (CIR) communicates to the entities added information on the risks in the system, of the holders they have declared. The data of the holders whose accumulated risk in an entity is less than 9,000 euros is not provided.
strategic considerations about the circle
The Risk Information Center (CIR) is not a delinquent record, but a large data bank in which all the risks of credit entities with their clients are collected (credits or loans granted, granted guarantees granted , own fixed income values, etc.).
Information is independent of whether your holders are up to date or not, although it must
Financial entities are obliged to send to the Risk Information Center (CIR) information about the living risks that each one maintains and with whom. The objective of the Risk Information Center (CIR) is to facilitate the entities necessary for their activity. For example, a bank can know the risks that a certain client has with other entities, and better assess the convenience of giving it a loan. In addition, the purpose of the Risk Information Center (CIR) is also to collaborate in the exercise of bank supervision.
There are currently important business financing programs that do not compute in this database, however, in the event that your company computes there, does not necessarily mean that you are in problems of access to financing. You want to know more? We have all the answers you need from info@verumasesores.com
