The CIRBE or also known as the risk of the Bank of Spain information centre, is a medium which facilitates the reporting entities, i.e. to the credit and other types of access to the useful data for the analysis of possible risks which may run before the granting of a creditwhich is achieved through access has the CIRBE to obtain data and information on loans granted by entities, information to which you have access the Bank of Spain, which allows that this entity may make the proper exercise of its powers as banking supervisor. The CIRBE is managed by the Spanish Bank since 1962, so can say that there is a mutual assistance between both institutions. From a general perspective, the CIRBE considers how declarable direct risks of which are resident owners wherever the amount based on the credits of equal or higher to 6,000 euros, this seen from any of the businesses that make up the whole Spanish, but from any other country, the amount will be 60,000 euros. It must be taken into account that for those holders who are not residents direct risks from 300,000 euros will be reportable. As a fact of great importance in relationship within the activity of the CIRBE worth highlighting that you for the year of 2007 he presented a figure higher than the 33, 5 million of direct and indirect risks that had declared before the CIRBE, which in money figures represent about 3.61 billion euros; This is a sample of the great activity that should handle the CIRBE and its importance within the financial activity and oversight.
Within the action of the CIRBE, a monthly report to all reporting entities must be issued before this, report which adds the information system risk both individuals as legal declared by the CIRBE, i.e. holders; Similarly there will be similar information dealing with holders that have not declared risks before the CIRBE in cases in that they have requested the CIRBE a risk operation or appearing as obliged to pay, also when they have the quality of guarantors to exchange documents or payment of credit whose acquisition or negotiation has been requested before the CIRBE. Any natural or legal person has the possibility of requesting the information that has been declared before the CIRBE, may take place by a reliable identification, whatever the request in person or by mail. In a nutshell the CIRBE, will be a public service, which manage a large database, which are all loans, credits, guarantees and any kind of risk that financial institutions have with their clients; in other words the CIRBE handles a reflection of the performance of customers with financial institutions and other types.