{"id":53005,"date":"2023-08-23T17:42:00","date_gmt":"2023-08-23T15:42:00","guid":{"rendered":"https:\/\/tickelia.com\/demo_2023\/?p=53005"},"modified":"2024-01-25T15:32:52","modified_gmt":"2024-01-25T14:32:52","slug":"cirbe-important-points","status":"publish","type":"post","link":"https:\/\/tickelia.com\/demo_2023\/en\/blog\/expense-management\/cirbe-important-points\/","title":{"rendered":"All about CIRBE: What you need to know"},"content":{"rendered":"\n

The Central Credit Register (CIR), commonly known as CIRBE, is an essential tool in Spain’s financial sector. But what exactly is it and how does it affect citizens and financial institutions? Below, we explain everything you need to know.<\/strong><\/p>\n\n\n\n

1. What is the CIRBE?<\/strong><\/h2>\n\n\n\n

The CIRBE is a data base<\/a> that compiles information on loans, credits (direct risk), guarantees and collateral (indirect risk)<\/strong> that financial institutions hold with their customers. It is important to note that CIRBE is not a register of defaulters. Its main function is to provide, on an aggregate and monthly basis<\/strong>, information to institutions on persons whose accumulated risk exceeds 1,000 euros<\/strong>.<\/p>\n\n\n\n

2. Characteristics of the CIRBE<\/strong><\/h2>\n\n\n\n

2.1 Public but confidential information<\/strong><\/h3>\n\n\n\n

Although anyone can access the information registered in CIRBE<\/a><\/strong> about themselves free of charge, information about third parties cannot be accessed. This guarantees the confidentiality of the data.<\/p>\n\n\n\n

As for public information, this means that any individual has the right to access the information that CIRBE holds about him or herself. That is, if you have had loans, credits, endorsements or guarantees<\/strong> that have been reported to CIRBE, you have the right to request and see that information. This is important so that people can verify the accuracy of the information<\/strong> that financial institutions have reported about them.<\/p>\n\n\n\n

The confidential aspect means that, although you can access your own information, you cannot access someone else’s information. Similarly, no one else (except financial institutions under certain conditions) can access your information in the CIRBE without your permission. This guarantees the privacy and confidentiality<\/strong> of each individual’s financial data.<\/p>\n\n\n\n

In short, public but confidential information means that, while you have the right to see your own information in CIRBE, that information is protected<\/a><\/strong> and not accessible by the general public, thus guaranteeing the privacy of<\/strong> each individual’s personal<\/strong> and financial<\/strong> data<\/strong>.<\/p>\n\n\n\n

2.2 Requesting reports<\/strong><\/h3>\n\n\n\n

Requesting reports from CIRBE (Central Credit Register of the Bank of Spain) refers to the process by which a natural or legal person can request a report to find out the data declared in CIRBE in their name. This report provides a detailed overview of the financial risks<\/strong> associated with that person or entity, based on the information provided by financial institutions to CIRBE.<\/p>\n\n\n\n

2.2.1 Key aspects of requesting reports in CIRBE <\/strong><\/h4>\n\n\n\n

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