Daily Updating Of the Central Credits Registry

The Central Bank of Bosnia and Herzegovina (the CBBH), in cooperation with all other participants in the Central Credit Registry (banks, micro-credit organizations, leasing companies, the Banking Agencies...), has upgraded the Registry.

With this upgrade, we have achieved the daily updating, contrary to so far  month updating, and the system now includes the sending of changes that have occurred the same day. The starting assumption for this kind of work is that the participants in the CRC, after completion of working hours, create the data on changes that have occurred on that very day, but no later than the end of the next working day. The CBBH is processing the new data and makes them available to users until the beginning of the next working day. We  attempt to achieve T+1 update in this way, and to avoid the danger of client applying in several financial institutions at once in the period until the new update occurs, which is now even  up to 45 days.

Also, the data coverage is changed with the upgrade, which implies a correction of the part of previous data and adding of completely new data for which there is consent of all participants. These data should provide more quality reports for the participants in the CRC, and for the CBBH and the Banking Agencies. The delivery of data from the CBBH to the participants in the CRC is now done in a format suitable for further processing, which has not been possible so far. Also, the CRC data delivery network is upgraded, whose changes in terms of the data delivery allow better and faster data dissemination, considering the number of data that is now updated daily.

All mentioned changes are implemented in time, so that the CRC, since April 1 2012, is updated on a daily basis.

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