Credit transfer, for banks free transfer only to professional customers


06/05/2022 – Credit transfer limits are about to take on new margins. There draft of the “Aid” Decreereturned to the table of the Council of Ministers after the discussion last Monday, allows banks the possibility of transferring loans to their account holders at any time, provided that they are professional clients, or to the parent bank.

Credit transfer, the new rules

If the changes contained in the draft of the “Aid” Decree are confirmed, the banks and companies belonging to a banking group will not have to wait for the fourth step to transfer the credit to the account holder or to the parent bank. One would be changed rule entered into force on 1st Mayless than a week ago.

At the moment, this mechanism is in force for the assignment of credit:
– first free transfer;
– second and third sale in full to qualified parties;
– fourth sale by the banks to their account holders.

As a result of the “Aid” Decree, on the other hand, banks will be able to immediately assign credit to professional customers.


Credit transfer to professional clients

But who are the subjects to whom the banks can always assign the credit corresponding to the deduction? The 2007 Consob Brokerage Regulations define professional clients, that is, those who possess the necessary experience, knowledge and expertise.

To give examples, these are banks, investment firms, insurance companies, investment organizations, pension funds, institutional investors, large companies (which have at least two of the requirements: balance sheet equal to at least 20 million euros, net turnover of at least 40 million euros, own funds of at least 2 million euros).

Building bonuses, M5S: there is no possibility of split sales

“One step is still missing: the possibility of split sales, which would increase the sale to customers and could in any case continue to guarantee traceability given the upstream relationship between the transferor and the transferee”, commented the deputies of the 5 Star Movement in a note. Patrizia Terzoni, Antonio Federico, Riccardo Fraccaro and Luca Sut.

According to the deputies, “the hope is that these interventions will be sufficient to release the many, too many cases of credits accrued but not recoverable for works already carried out by companies”.



Source: Le ultime news dal mondo dell'edilizia by www.edilportale.com.

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