Central Credit Register
The Central Credit Register (CCR) is an information system that pools information on the credit commitments of individual entrepreneurs and legal entities, and facilitates the efficient exchange of this information between CCR participants.
CCR participants are all the banks and branches of foreign banks carrying on business in the Czech Republic, as well as other persons where so provided in a special legislative act. CCR participants are required to update the CCR database on a monthly basis. Each of the participants has access to the information in the system, as does the Czech National Bank as the CCR operator.
The sharing of information on clients´ commitments and payment discipline widens the range of applicable instruments in the credit risk management area. The main reasons for implementing the CCR project were its expected positive effects in lowering the proportion of high-risk receivables in the Czech banking sector and the experience from the long-term operation of similar credit registers abroad, in particular the EU.
The Czech National Bank is the guarantor for the project and for the further development of the CCR system. The project was implemented in close co-operation with the Czech Banking Association. The comments of individual banks were also taken into consideration. The CCR application uses state-of-the-art information technology and meets strict requirements in the data security area.