AnaCredit/BECRIS – full process

AnaCredit/BECRIS – full process

For a Major EU Clearing House

About the client

The client is a major clearing house in Belgium and is involved in settling securities transactions and safekeeping.

About the project

AnaCredit means analytical credit data set. It is a reporting project launched by the ECB and collects granular data (i.e., data at the transaction level) on credits (and the associated credit risk) issued by financial institutions. Although defined at the European level, local authorities can extend the required data set and amend the reporting frequency. The National Bank of Belgium is one of the national reporting authorities which has extended the scope of AnaCredit, as the target reporting framework, since it should also replace existing credit registers. The system is called BECRIS. The client needed to update its reporting process for BECRIS and to create datasets

b.fine designed and implemented the data collection and reporting process. OneSumX by WKFS was selected to create the AnaCredit datasets. b.fine consultants were actively involved in the development of these datasets and ensured the reporting process ran smoothly.

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