Bank Pool and CIRBE What are they?
In search of financing, the pool banking and CIRBE They are essential concepts that we must know.
Therefore, we are going to make a brief summary of these, hoping that you can focus the search for financing in a more efficient way.
Bank pool and other useful concepts
What is the banking Pool?
El bank pool It is a document detailing all the outstanding risks of a banking nature.
For example: leasings, guarantees, current loans, credit policies, etc.
Every creditor, before granting a loan, wants to know what the current debts of the applicant are (bank pool or detailed banking pool), accounting information updated y his capacity part to meet the payments.
In addition, it is also a very useful document for the applicant as it allows them to know at all times what their bank debts are, effectively control financing costs and evaluate alternative financing opportunities.
It generally includes this information:
- – The date on which the document is made.
- – The contracting date of the financial liabilities.
- – Names of the banking entities with which the applicant works.
- – Financial products contracted, initial amount, current risk and available balance.
- - Boundaries granted in the different products.
- – Deadlines expiration in open financing.
As an example, we make the following descriptive table:
This is the \ It \ him bank pool or detailed banking pool that complements all the accounting and tax information requested by the bank.
What is CIRBE?
Now that you know what the pool bankinglet's talk about the CIRBE and what is it.
This is the acronym for Central de Riesgos del Banco de España.
We talk about a database that gathers information on credits, loans, guarantees and endorsements.
This record is made from the information sent monthly by the financial entities themselves.
Information on the loans, credits (direct risk), endorsements and guarantees (indirect risk) that each credit institution maintains with its customers will appear in CIRBE.
Of course, only the data of the investments that exceed 1.000 euros for each owner and bank (For the reports corresponding to the year 2020 and earlier, the limit was 9.000 euros).
We can request it in three different ways:
- Online procedure:
Applying for CIRBE online is very simple, we will only have to enter with our digital certificate in the Request for Reports and Claims CIR. Fill out the form and we will receive our CIRBE shortly.
- Face-to-face route:
You will have to go to the central headquarters of the Bank of Spain or any of its branches and submit the "Request for Risk reports to the Risk Center" form, available in the "processing" section already completed.
In addition, you must provide the mandatory documentation required for each case.
The report is delivered to you immediately and, if this is not possible, they send it to you by certified mail.
- Ordinary mail:
We must fill out the "Request for Risk Reports to the Risk Center" form, available in the "Processing" section, sign it and send it to the following address:
Bank of Spain, Risk Information Center: C/ Alcalá, 48, 28014 Madrid.
Together with the application we must provide all the mandatory documentation and we will receive it in a few days at our address.
In summary, it is a basic documentary source among banking entities before granting any type of financing.
What is alternative financing?
Alternative financing is that which comes from sources other than banks.
It usually comes from institutional investors connected with private capital.
It arose and was consolidated in Spain in times of crisis, given the financing problems that many companies had. When the banks did not give money, the alternative was to look for other options.
It is a fully consolidated system in the United States and increasingly present throughout Europe. Also in Spain, where more and more is being requested.
Its advantages are obvious:
- – Favors the diversification of the sources of financing.
- – Provides a strengthening of the balance and the cash flow.
- – Offers more flexibility and tailor-made solutions.
- - It is foreign to credit markets, so its volatility is lower.
- – It's a great financial complement.
- – Presents itself as a actual solution, sometimes the only one, to liquidity problems.
- - Result prompt and confidential.
- – It does not appear in the CIRBE, which is another significant benefit.
Alternative financing and risk information, how are they related?
At this point, we know what is he pool banking and we are clear What is it la CIRBE.
We have also introduced ourselves to the advantages of alternative financing. However,
How are these three concepts related?
As you know, receiving financial support is always complicated.
Above all, when your project requires investments with profitability in the medium and long term.
It is also a vicious circle:
You turn to the banks to request credit and they verify your situation.
El pool detailed banking and the CIRBE tell them your situation and, then, they tend to stop their support.
This problem explains the boom in alternative financing, mentioned above, since with this financing you not only receive the financial amount you need, but, as it is private capital It does not appear in the detailed banking pool or in the CIRBE.
Therefore, banks will not consider these circumstances when, later and hypothetically, they must decide whether to grant you more financing.
In short, since neither the pool banking nor the CIRBE will contemplate these alternative financial resources, this financing presents a clear advantage that you must keep in mind when finding new credits and financial solutions for your projects.
At Workcapital we offer alternative financing through the discount of promissory notes and the advance of invoices, helping you to solve all your liquidity problems.
In addition, you will not be limited in your search for future financing – since, as we have previously mentioned, it does not count in CIRBE nor in pool banking -.
Call us and we will inform you without obligation!
Discount Online Promissory Notes
