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Glossary

A

An authorized client is a participant of the Credit History Formation and Use System, who is both the Information Provider and the Credit Reports Recipient, who has registered with the Credit Bureau and has concluded an agreement with the Credit Bureau for supplying information and credit reports.

The Agreement for credit reports obtaining is a contract concluded between the Credit Bureau and the Credit Reports Recipient in accordance with the requirements of the Law on CB.

The Agreement for supplying information is a contract concluded between the Credit Bureau and the Information Provider in accordance with the requirements of the Law on CB.

Agreement for supplying information and receipt of credit reports (typical agreement) is a contract concluded between the Credit Bureau and the Authorized Client in accordance with the requirements of the Law on CB.

The authorized body (NB RK) is a state body that regulates and supervises the financial market and financial organizations (the National Bank of the Republic of Kazakhstan).

B

The Beneficiary is the creditor of the Subject of the Credit history to the benefit of whom the Information Provider issued or confirmed the Conditional and / or contingent liability for the Subject of the Сredit history.

Billing is an automated system for accounting of the data of the Credit Bureau by the number of credit reports provided to the Authorized Client for the reporting period, with their tariffication.

C

Certificate of conformity - Certificate of the authorized government body on compliance with the requirements of the legislation to participants of the system of information exchange with the credit bureau.

Credit history database - information resources of the Credit Bureau (software and hardware), based on information systems and information processes that meet the requirements established by the legislation of the Republic of Kazakhstan, used to collect and store information on Credit histories of subjects of Credit histories, monitoring and updating information, as well as for the formation of Credit histories (Credit Reports) and other actions defined by the Law on CB.

Commercial loans are the provision by Providers of information to the Subjects of the Credit goods, works and services in the form of advance payment, early payment, deferral and / or installment payment, within the framework of the Contracts.

Contract is the agreement on the provision of a Financial Loan (agreement on the provision of a credit line / limit, loan agreements under a credit line agreement, independent loan agreements, etc.); an agreement on the provision of Commercial loans (contracts for the supply / sale of goods / works / services on credit or with deferment of payments); agreement on the bill discounting, on the provision of guarantees / sureties, on credit servicing; other agreements, deeds, contracts concluded between Information Providers and the Subjects of the Credit History.

Credit history is a collection of Information about the Subject of the Credit History.

Credit Bureau (FCB) - First Credit Bureau LLP, a commercial organization engaged in the formation of Credit Histories, provision of Credit Reports and other services in accordance with the Law on CB.

The credit report is a document of the established form containing full or partial Information issued to the Credit Reports Recipient, taking into account the requirements of the legislation of the Republic of Kazakhstan and the relevant agreement with the Credit Report Recipient.

The Credit Report Recipient is an Authorized Client, the Subject of Credit History and other persons who have concluded an agreement with the Credit Bureau for the receipt of a credit report that has the right to receive a credit report in accordance with the Law on CB (including the Authorized body).

The consent of the Subject of the Credit History is the written permission of the Subject of the Credit History for the provision by the Information Provider the information about him to the Credit Bureau and / or issue the Credit Report by the Credit Bureau about him to the appropriate Recipients of Credit Reports drawn up in accordance with the Law on CB and other regulatory legal acts of the Republic Kazakhstan, including normative legal acts of the FIA. The consent of the Subject of the Credit History may also be issued by a trustee acting on the basis of the Power of Attorney issued in accordance with the legislation of the Republic of Kazakhstan on a notary.

Conditional and / or contingent liabilities are obligations accepted by the Information Provider for the Subject of the Credit History in favor of the Beneficiary (issued or confirmed warranties, bills and guarantees, uncovered letters of credit).

F

The financial loan is the provision by the Supplier of information to the Subject of the Credit History of borrowed, leasing, factoring, forfeiting operations, as well as accounting of bills, on the terms stipulated by the Contract.

Formation of the Credit Histories is an action or a set of actions carried out by the Credit Bureau in relation to the Information received by him from the Information Providers in accordance with the Law on CB, its storage, guarantee of confidentiality, monitoring, adjustment and updating.

G

Guarantee is a type of securing performance of obligations of the Principal, in accordance with which the Information Provider (guarantor) is obliged to the Beneficiary to be responsible fully or partially, in solidarity, for the fulfillment of the Principal's obligations to the Beneficiary.

I

Identification data of the Subject of Credit History is the data contained in the documents of the Subject of Credit History issued by authorized state bodies, allowing to identify the Subject of Credit History during the exchange of information, the formation of the Credit History, Credit Reports. Identification data includes: 1) for individuals: surname, name, patronymic (if any), date of birth, identity card, Taxpayer Registration Number (TRN), Individual Identification Number (IIN), including for individual entrepreneurs: a certificate of state registration of an individual entrepreneur; for peasant farms: the name of the peasant farm (if any), the identity of the head of the peasant farm, Taxpayer Registration Number (TRN) of the peasant farm, the certificate of state registration of the individual entrepreneur - the head of the peasant farm. 2) for legal entities: name, Taxpayer Registration Number (TRN), certificate of state registration / re-registration, BIN.

Information is the data about the Subjects of Credit Histories, including (not limited to): their identification data; the terms of the Contracts; the outstanding amounts of the Subject of Credit Histories under the Contracts, as well as other information provided by Authorized Clients on electronic media, for the purpose of updating and formation credit histories / reports by the Credit Bureau. The data that is part of the Information is a Secrecy as otherwise is not established by the laws of the Republic of Kazakhstan.

The information provider is an Authorized Client and other persons who have entered into agreements with the Credit Bureau for the provision of information and provide financial loans and / or commercial loans to the Subjects of Credit Histories.

L

Law on CB - Law of the Republic of Kazakhstan on Credit Bureaus and Formation of Credit Histories in the Republic of Kazakhstan dated July 06, 2004.

P

Power of Attorney is the written authorization of the Subject of Credit history for representation on its behalf, given to another person (attorney) for the right to carry out one or several actions in relations with third parties, including the Credit Bureau, Information Providers, etc.

Principal is a person for whom the Information Provider has issued or confirmed a Conditional and / or contingent liability; The Principal may also be the Subject of the Credit History if the Contract (namely the agreement on the issue or confirmation of a Conditional and / or contingent liability in favor of the Beneficiary) is concluded between the Information Provider and this Principal.

Participants in the system of forming credit histories and their use - Credit bureau, Subjects of the Credit History, Information Providers, Recipients of Credit Reports.

S

A surety is a type of securing performance of obligations of the Principal, in accordance with which the Information Provider (guarantor) is obliged to the Beneficiary to be responsible fully or partially, subsidiary, for the fulfillment of the Principal's obligations to the Beneficiary.

The system of the formation of credit histories and their use (the System) is the complex of relationships between the Credit Bureau and Authorized Clients when: (i) the issuance (provision) to the Subjects of Credit Histories of Financial loans / Commercial loans; (ii) the issuance or confirmation of Conditional and / or contingent liabilities, (iii) the formation of Credit Histories for Financial Loans / Commercial Loans granted (given); and (iv) the use of software and hardware, including the Credit History Database, for the exchange of Information and the issuance of Credit Reports.

The Subject of the Credit History is an individual or a legal entity in relation to which the Credit History is formed.

Secreсу is information defined and protected by a private business entity and the laws of the Republic of Kazakhstan, a limited circle of person has a free access to it on a lawful basis, the disclosure, the receipt, the use of which may damage its interests.