A law was introduced to ensure that Ci-Net provides the necessary data protection for customers whose data is retained by Ci-Net. Each and every customer must approve for Ci-Net to provide the information to the institution where the credit application is being made.

There are rules which are applied to any institution who subscribe to Ci-Net in respect of the provision of data. All lenders must use the same definition and measurement of delinquency in order for the submitted data to be consistent with the agreed standard. The level of the delinquency and the status registered will show the severity and the decency of the delinquency status.

By consolidating the data, rules of lending as dictated by the Central Bank and Ministry of Commerce will trigger a Warning to the Member making an enquiry if any or all of the rules are exceeded. The exceeding of these rules may already be in existence prior to the enquiry or, be triggered by the extent of the current credit application.

These terms are parameterized therefore if there are any changes to the rules they can be instantly implemented upon request from the Central Bank of Kuwait and /or the Ministry of Commerce and Industry.

Ci-Net only provides the information to the lenders and does not make lending decisions.

Kuwait's Law