CCIS – Early Warning
The CCIS – Early Warning service has been launched to provide reliable information on changes in the repayment capacity of any number of businesses and SME-s that have been granted loans. By using the service, financial institutions can gain fast access, from authentic sources, to the information that allows them to forecast the financial difficulties of businesses and SME-s.
The CCIS–EW service allows financial institutions to access the following information about individual businesses:
- conclusion of a new credit agreement;
- termination of a credit agreement;
- repayment problems;
- changes to the content of a credit agreement (amount, term, etc.);
- discharge of an agreement;
- sale or litigation of debt;
- depleted bank account, change in the extent of insolvency.
In any case, the CCIS plays an important role in the assessment of loan applications. Information in the CCIS may represent both positive and negative ratings, i.e. the fact that data are registered in the CCIS with respect to a particular debtor does not in itself qualify as poor rating. For instance, querying the CCIS may even provide easier access to loans by businesses with good credit histories that repay on schedule and are reliable.
BASEL II measurements
Basel II is an industry recommendation aimed at the enhancement of the methods employed by banks for the management and measurement of risks, and at the determination of the capital requirements appropriate to secure operations.
The recommendations of the Basel II Accord have been adapted both in Hungary and in other EU Member States. By specifying indicators required for measurements, BISZ Zrt. provides support for the application of advanced methods based on internal rating.