Bundesbank Publishes Circular on AnaCredit Reporting Requirements

A change in the contractual partner ID, which is the most common reason for the duplicates, was not intended at any point in the AnaCredit report and is, therefore, to be interpreted as a violation of the reporting obligation from the start. These reported duplicates not only represent a violation of the reporting requirements of the Bundesbank and ECB Regulation published in the guidelines, but they also cause considerable problems in the system of Bundesbank and prevent the credit data records in question from being transmitted to ECB. Against this background, Bundesbank had announced the introduction of the UID validation rule for 08/2020 by Bundesbank in February 2020 and published it in the validation manual (version 10). This rule checks the reporting requirement that has existed since the beginning of the AnaCredit report, a requirement which stipulates that a submitted national identifier must be unique and, therefore, only be reported for a single contractual partner identifier. If this is not the case, the submitted contractual partner master data records will be rejected. 

Related Link (in German): Circular (PDF)

Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Validation Rules, Unique Identifier, UID, Bundesbank