In
co-operation with the Association of Small and Medium
Enterprises (ASME), D&B Singapore signed a memorandum
of understanding on 16 October 2004 to
establish the Republic's first SME Credit Bureau
(Contributor), a web-based platform specifically designed to
enhance your risk management capabilities.
An
all-in-one credit assessment portal, access to various tiers
of information on commercial entities incorporated in
Singapore is now effortless. Simply with a click of the
button, you can now retrieve your required information 24
hours a day, 7 days a week, at any PC, in your office or
anywhere in the world.
Be it basic business registry
information, litigation searches or detailed accounts on
corporate payment patterns through our commercial inquiry
reports, you can now have it all through the SME Credit Bureau
(Contributor). Take a step further by topping up the
information with our New Credit Risk Index (NCRI) as well as
our Payment Index (PI). Proprietary to Dun & Bradstreet
Singapore, these indices have been formulated through a
tried-and-tested scientific approach. With the NCRI and the
PI, credit evaluation has never been more objective before.
Armed with a concise credit profile of your customers
and business partners, and together with our indices, you are
truly empowered to assess the creditworthiness of companies in
the course of granting trade credit, corporate recoveries or
even increasing business profitability.
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Reports
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 01.
Commercial Enquiry Report (View Sample)
02.
Enhanced Commercial Enquiry Report (View Sample)
SME Credit
Bureau (Contributor) reports support the 3 'Cs' of Lending and
Trade Credit Grant
• Character
Business
Registration data helps to confirm a Company's legitimacy on
an application for credit or other business purposes.
• Capacity
Previous enquiry
information indicates potential exposure and a potential
indicator of further capacity to incur debts.
• Credit history
• Payment Index &
Trends, Defaults, Winding Up and Litigation are detailed in
the relevant reports.
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01. Commercial Enquiry Report (View Sample)
Data elements in a Commercial Enquiry
Report include:
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Public
Information
•
Basic Registration Information
• Capital
Information
•
Change of Company Name
• Officers Shareholders
• Share
Interest in Companies
• Registered Charges
• Suits /
Litigation
•
Winding Up
Bureau
Information
•
Previous Enquiries
• Alternate Company
Names
•
Alternate Addresses
• Payment Default
• Payment
Information Summary (available to contributors of Trade lines)
Index/Indicator
• Payment Index
• Industry Risk
Indicator
Appendix
• Payment Information
Details (available to contributors of Trade lines)
Click here
to view Commercial Enquiry Report
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02. Enhanced Commercial Enquiry Report
(View Sample)
Data elements in an
Enhanced Commercial Enquiry Report include:
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• All elements in Commercial
Enquiry Report
• New Credit Risk Index
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Default Maintenance
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Default Maintenance allows members to
search, add, update and delete information on the defaults
data element.
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Monitor Maintenance
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Monitor Maintenance allows members
to update information on previously loaded monitors.
Monitor Maintenance allows Members
to add, update and delete 'Monitor Requests' - (Report
Enquiry, Default load, Payment Information load) on
any subject company.
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Compliance Guidelines
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The bureau will operate under a
compliance guideline, which serves as the code of conduct by
which members and the bureau must abide with:
• Mandatory Input
Requirements
•
Scheduled data updates (Defaults & Payment Info)
• Internal
audit and tracking tools
• Data and access
security measures
•
Data Integrity checks
• Company's rights to
obtain its own Report
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FAQs : Frequently Asked Questions
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What is the SME Credit Bureau
(Contributor)?
The SME
Credit Bureau (Contributor) is a repository of credit
information. It is an online platform that allows members to
share payment information - payment promptness and delinquent
payment behavior.
The SME Credit Bureau (Contributor)
is a collaborative effort between D&B Singapore and the
Association of Small and Medium Enterprises (ASME). It was
launched on the 21st of March 2005 by Dr Vivian Balakrishnan,
Minister for Community Development, Youth & Sports and
Second Minster for Trade & Industry.
The SME Credit Bureau (Contributor)
is based on a similar concept as, and infrastructure of,
Credit Bureau (Contributor) Singapore (Bank's Credit Bureau)
as well as CreditScan Consumer (Non Bank's Credit Bureau for
Consumer Credit).
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Objectives of SME Credit Bureau
(Contributor)
The SME
Credit Bureau (Contributor) serves to create a higher level of
credit transparency in the local business arena by sharing
information on payment behavior, associated with trade credit
and credit facilities, of borrowers. Members now have more
relevant and updated information for their use in their risk
management process and, in turn, are able to make sensible
business decisions and manage their credit risk better.
Moreover, SME Credit Bureau (Contributor) also plays the role
of helping companies to perform self-evaluation and gauge
their own credit standing.
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Availability & Access
The SME Credit Bureau (Contributor) is a
secured system that is available online 24/7. Members will be
assigned a unique User ID and Password for log on anywhere in
the world.
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Source of Information
The SME Credit Bureau (Contributor)
collates, stores and shares payment data (debtors'
information) contributed, mainly, by its members. This data is
further complimented with public information on ROC and
Litigation from reputable external sources.
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Confidentiality and Security of
Information
D&B
Singapore is obligated to non-disclosure of its sources and
abides by a strict code of compliance, which serves to protect
its members' contribution.
The Bureau shall ensure that all
necessary precautions are taken to ensure that all Information
received or collected by the Bureau is:
• Properly and
accurately recorded, maintained, collated, synthesized and/or
processed;
•
Protected against loss;
• Protected against
unauthorized access, use, modification or disclosure;
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Who are the members of SME Credit
Bureau (Contributor) and what is the size?
Our current SME Credit Bureau
(Contributor) members comprise of both MNCs and SMEs that are
extending trade credit terms to a sizeable local customer
base. We are in an on-going process of converting our existing
subscribers to be members of the SME Credit Bureau
(Contributor) as well as acquiring new members of SME Credit
Bureau (Contributor) .
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What type
of reports you can retrieve?
There are two kinds of reports available
in the SME Credit Bureau (Contributor).
• Commercial Enquiry
Report
•
Enhanced Commercial Enquiry Report
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What type
of corporate information is available?
· Company
Registry information - Registration Number, Company Name,
Registered Address, Paid up Capital, Shareholders/Owners
information, Change of Company Name, Related Companies
Information and Registered Charges
• Litigation / Winding
Up information
•
Additional Company Name/Address
• Previous Credit
Enquiries
•
Payment Information Summary
• Payment Information
Details
•
Default Information
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What are the value-added services?
Payment Index (PI)
• A computer-generated
index that provides a quick assessment on the payment behavior
of the subject company.
New Credit
Risk Index (NCRI)
• Computed using
D&B's expertise and advanced statistical techniques and
calculated based on up-to-date company information. Provides a
quick assessment of a business risk standing based on observed
business failure of companies in Singapore.
Industry Risk Indicator
• An indicator showing
the industrial average, in terms of NCRI, of companies across
different industries in the Singapore
context.
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What are the developmental plans for
SME Credit Bureau (Contributor)?
With the completion of Phase 1of our
development, we are now working towards bringing more value to
our members to further assist them in their evaluation
process. Members can look forward to predictive scores,
blended scores and other value-added data elements upon the
completion of our second and third phase of development.
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How updated is the information in the
Bureau?
The information in
the Bureau is updated and refreshed daily.
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What are the benefits to me as a member
of the SME Credit Bureau (Contributor)?
As a Lender , having access to payment
behavior of commercial entities allows you to make more
objective and consistent lending decisions. This process will
lead to lower cost of lending. Armed with the resources to
determine good paymasters from bad paymasters, lenders will be
able to manage their credit risk more effectively, thereby
lowering the cost of incurring arrears.
As a Borrower , you are able to
review and correct your own credit worthiness through self
evaluation.
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How accurate and correct is the
information/data in the SME Credit Bureau
(Contributor)?
A Data
Integrity Centre is specially set up to ensure the accuracy
and reliability of data collated and disseminated from the
bureau. In addition, members have to abide by the compliance
guidelines with respect to the information contributed into
the bureau.
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To be a member of the SME Credit Bureau
(Contributor), what kind of information do I have to provide?
To qualify as a member of
SME Credit Bureau (Contributor), contribution of payment
information will be required.
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Can I
become a member without providing information?
The bureau principle is
based on reciprocity. Non-contributing members will not have
access to the contributed data in the bureau.
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Can I
obtain my own report?
Yes, you can obtain your own company
report. Please contact D&B Singapore office at 6565 6262
for details.
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