The Collateral Information System is now available for use by Department of Commerce units.

Information on this issue was provided in the statement on the ministry's NSosyal account.

The statement said that data on letters of guarantee issued in the form of individual, blanket and blanket guarantees, as well as cash guarantees can be accessed in the system, adding: “In addition to general information about the guarantee (e.g. guarantee type, guarantee status, date of issue), it is possible to obtain detailed data about the debtor, the guarantee amount and balance, declarations related to the guarantee, guarantees related to the warehouse code, the customs office where the transaction was carried out and the bank that provided the guarantee.” the guarantee.” The statement has been attached.

The statement noted that with this system, tracking collateral transaction processes and accessing collateral information will be carried out quickly and effectively from a single point, noting the following:

“Transaction processes are shortened and efficiency is increased. In the next step, the collateral information system will be made accessible to obligated parties and their representatives so that they can query in detail all information and transaction processes relating to their collateral processed in the customs administration.”