Data entered into MACCs are not directly cross-checked against AnaCredit. Nevertheless, a check is performed to see if the same combination of data already exists in MACCs, as the identifiers for a credit claim must be unique to each counterparty. This plausibility check prevents claims being entered twice.

As a general rule, the statements are to be submitted electronically (in PDF format), although it is still possible to send the annual financial statements by post.

In principle, a borrowers’ note loan claim transferred in paperless form (e.g. electronically via e-mail) can also meet the requirements of the General Terms and Conditions of the Deutsche Bundesbank. It is not strictly necessary to issue a transfer certificate or borrowers’ note.

In the case of electronic transfer, the counterparty does not gain possession of the borrowers’ note, which means that the obligation to keep the borrowers’ note pursuant to Section V subsection 12(2) sentence 3 of the General Terms and Conditions of the Deutsche Bundesbank does not apply to the counterparty.

It is broadly possible for a credit institution to submit customers’ annual financial statements, but it should be noted that, in order to submit annual financial statements, the Bundesbank requires written consent from the enterprise concerned. Prior to granting this authorisation, the enterprise should be provided with the “Supplementary explanatory notes on the Deutsche Bundesbank’s credit assessment procedure and sending data”. By submitting annual financial statement documents, the enterprise gives its full consent in each case (i.e. in the subsequent year as well) to use being made of the credit assessment data as per points 1 to 4. This is the precondition for participating in the Deutsche Bundesbank’s credit assessment procedure. 

This is not possible.

If the MACCs participant has taken on the role of a facility agent, however, it can enter its own address information in the fields with a single mouse click.

For technical reasons, it is not possible to update the data subsequently. In the event of an entry error, the claim must be withdrawn from the MACCs stock in a first step and can then be resubmitted with the correct type of credit claim in a second step.

When entering data into MACCs, these values can be identical. The combination of contract and instrument identifier recorded for a given credit claim must be unique, i.e. distinct from that of any other credit claim you submit.

Generally they do not, unless the consortium loan was issued in the form of a claim against borrowers‘ notes. These are governed by the rules for consortium loans.

No, also unsecured credit claims may be submitted in MACCs.

Yes, a checking of procedures and random samples according to Section V No. 11 (1) AGB/BBk (annual audit) have to be conducted by an independent auditor if the counterparty submitted credit claims in the MACCs stock during the relevant reporting period, has be conducted.

If the counterparty had no credit claims in the MACCs stock during the relevant reporting period, the independent auditor have just to carry out a checking of procedures.

The annual report can be submitted on paper or preferably electronically to the Bundesbank. Further information can be found in the notes for auditors.

It is mandatory to provide the AnaCredit identifiers with all new submissions, regardless of the submission channel. If you do not yet have the AnaCredit identifiers at the time of submission, they must be provided to MACCs at the latest when they are reported to AnaCredit by your institution.

Generally yes, unless the consortium loan was issued in the form of a claim against borrowers‘ notes. These are governed by the rules for consortium loans with an extended reporting scope.

In the case of consortium loans, the addresses of the lead arranger, the collateral trustee and the paying agent also must all be entered where required by the contract. In the case of claims against borrowers‘ notes, only the paying agent must be entered. As a rule, however, public claims against borrowers‘ notes do not have paying agents in our experience, as payments are processed by public authorities. In the case of claims against borrowers‘ notes for enterprises, there is often a paying agent.

The registered office of the facility agent (lead arranger, paying agent, collateral trustee) does not matter when counting jurisdictions. The office must, however, be located (as confirmed by a court of registration) in a Member State of the European Union.

Yes, if ECONS collateral was submitted in MACCs during the relevant reporting period, the audit („Bericht des unabhängigen Wirtschaftsprüfers über die jährlichen Prüfungen gemäß Abschnitt V Nr. 11 (1) AGB/BBk“) has to be submitted. 

The annual report can be submitted on paper or preferably electronically to the Bundesbank. Further information can be found in the notes for auditors.

Claims against borrowers‘ notes for which no borrowers’ note has been issued must nevertheless be entered into MACCs as claims against borrowers‘ notes. This permits the necessary address information to be entered in MACCs.

The early full repayment of a credit claim requires an immediate update in MACCs (i.e. update in MACCs no later than within the course of the next business day). The nominal amount of the credit claim must be set to zero. As a result, the credit claim will be deleted from your MACCs stock.

The (early) partly repayment of a credit claim necessitates an immediate update in MACCs (i.e. update in MACCs no later than within the course of the next business day).The nominal amount of the credit claim must be set to the new nominal/outstanding amount.

All debtors registered in MACCs can be searched for using the menu sequences “Submission – Credit claim – Capture new submission” and “Evaluation – Debtor search”.

Furthermore, debtor lists are also available in ExtraNet if you have applied for the roles "Info file debtors (file download)" and/or "Info file PSE (file download)".

Debtor data should be entered using the menu sequence “Submission – Debtor – Capture” and released following approval by another MACCs user at your institution. Once the debtor entry has successfully been created in MACCs by Bundesbank staff, which may also entail initiating credit assessments, you will be able to locate the debtor using the debtor search function.