Counterparty reference data relating to unauthorised debit balances

• Question ID: 2018/0001
• Date of publication: 24/01/2018
• Subject matter: Credit cross-limit structures and multi-debtor/product structures, Counterparty reference data
• AnaCredit Manual: Part II

Question

When banks create current accounts for their clients, they require far less information than they would if they were to grant them credit. Therefore, when an unauthorised overdraft emerges on a current account – with this unauthorised debit balance being the debtor’s only instrument with the observed agent in question – does AnaCredit allow for a reduced set of reference information?

Answer

The AnaCredit Regulation and the AnaCredit Reporting Manual both state that there is no reduction of the counterparty reference dataset in such cases. It should be noted, however, that a reporting threshold of €25,000 applies.

Related questions

See also Operational overdrafts on cash accounts, Renegotiation of an existing current account and changes to the account’s attributes