Both Emcredit and our network members abide by a strict code of conduct when collecting, processing and disseminating credit information. The key rules of the Code are:  

• Privacy
  All data processing is governed by DIFC Data Protection Law No. 1 of 2007.
  
• Confidentiality
  Request for information is allowed for relevant business purposes only.
  
• Reciprocity
  Members can only access data in return for data of their own, which is validated before being uploaded onto our databases.
  
• Updated
  Data is constantly updated and error-checked="checked" to ensure it is timely and accurate.
  
• Security
  All data is securely managed, physically and electronically.

Credit Scope reports are: 

• Comprehensive

Instead of a solely relationship-based lending regime, banks and financial institutions incorporate more knowledge-based lending with the Credit Scope report which provides a comprehensive picture of the individual or company's credit profile gathered from various credible sources.

• Current

Private Network Partners of Emcredit are required to update the information on their customers fortnightly. Hence, users can be ensured that the information in the Credit Scope is timely and up-to-date.

• Convenient

With a click of an icon or a direct link-up to Emcredit, access to the wealth of information in the Credit Scope report is seamless and instantaneous.

• Efficient

Credit Scope is available on both consumer and commercial entities. It reports both positive and negative credit history information.

When offering credit to a consumer or commercial entity, it is important to understand the borrower in terms of their repayment history and capability to service the new and existing debts. Credit Scope provides the ultimate solution to this need. It provides a factual record of a company or individual's credit history, thereby assisting credit providers in making informed lending decisions. The use of Credit Scope is a departure from the legacy practice of assessing creditworthiness using only internal information, publicly available information and subjective inputs from other banking institutions. With Credit Scope, credit providers will gain insight into a borrower’s credit performance in the form of an objective, factual, timely and accurate report.

EIR provides the following information in a simple, user-friendly format: 

• Name of company
• D-U-N-S® number
• Trade license number and issuing authority
• Address details
• Contact details
• Legal constitution
• Judgments
• Penalties
• Date of establishment
• Lines of business
• Management profiles
• Company relationships, i.e. branches, subsidiaries, affiliates, etc.
• Details of auditors and bankers
• Changes in capital invested
• Government body remarks, if any
• Relevant historical information, year of establishment, name changes etc.