ANACREDIT - BECRIS: with COCPIT, meet the legal requirements

12/08/2019

 

In connection with the AnaCredit regulation, financial institutions and leasing companies (1) who operate in Belgium and propose financial leasing contracts, have to report these contracts to the BECRIS credit central of the National Bank of Belgium.

The data of a new contract will have to be reported within 5 business days, starting from the creation date. Modifications of a contract or a counterparty will have to be reported within 10 business days, starting from the end of the monthly reference period.

As market leader on the field of communication with the different centrals of the National Bank of Belgium (Central Individual Credit Register / Central Corporate Credit Register / Central Point of Contact) MAINSYS has developed an ANACREDIT-BECRIS solution that is part of our COCPIT software. This meets the legal requirements, as well functionally as technically.

The COCPIT BECRIS solution covers the entire reporting process :

  • Loading into COCPIT of the files (instruments / counterparties / relations) coming from the back office systems of the financial institution in destination to the NBB.
  • Filtering and automatic detection of the data that need to be reported (COCPIT determines himself the data that need to be sent).
  • Validation of the data that need to be sent to the NBB, as well technically as functionally.
  • Preparation of the datasets and creation of the XML’s.
  • Full management and automation of the communication with the NBB (sending, confirming, management of returns, management of errors).
  • The solution keeps track of the complete history (audit trail).

 More about COCPIT

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