Credit File

Definition

Credit File denotes in general the information set pertaining to a borrower that is kept by a credit product provider (Bank, Credit Insurer)

Credit File Contents

The contents of a credit file may vary significantly. In general the larger the Credit Exposure the more detailed the information included in the credit file. An indicative list:

• Historic (performance) account information (credit history, ratings history, periodic reviews)
• Collateral information
• Collateral appraisal (valuation) reports
• Credit papers (credit mark-ups, lender report)
• Loan applications and credit decisions
• Facility offer letters
• Loan and pledge contracts
• Financial Statements
• Details of connected accounts
• Agreements relating to guarantees, lien on collateral, etc
• Details of tax affairs of the debtor

See Also

• Loan Tape
• Retail Credit Data
• SME Credit Data
• Asset Quality Review

---