The commercial credit platform is not well known, but really useful for a specific type of user. In this guide we see how and when it was born, who uses it and why. See for an observation

What is the Trade Credits Platform?

What is the Trade Credits Platform?

It is a useful tool for companies, but also for private individuals through which the recognition of certified credits can be obtained.

For those unfamiliar with the field, it is possible to download a vademecum from the site that explains it in detail.

In short, certifiable credits are those that companies, sole proprietorships or individuals, must receive as payment from the Public Administration.

The credits that can be certified are those that can be claimed against the state, central or peripheral administrations, but also in regions and autonomous provinces, as well as local and national bodies.

The credit holder starts the certification process by presenting to the Debtor Public Administration a certification request to which it must respond within thirty days.

Once the person or company has received his certified credit, banks, financial intermediaries and the collection agency take over his role as creditor.

When was she born

When was she born

The platform, also called PCC, or commercial credit platform, was born in 2012 to meet the needs of those companies, companies and individuals, who were in the situation of having to demand credits from the Public Administration, PA

Through the CCP, companies, like those with rights, can obtain what is called “certification of commercial credit claims”.

To make the concept better, let’s say that a company works for its municipality of residence by pruning plants and providing services for a few thousand USD.

The Public Administration has very long payment terms. It could also be that, finding ourselves in difficulty, in this case we were considering the hypothesis that it was a Municipality, the institution is unable to meet the debt in the pre-established terms, or in general.

What can the creditor do?

What can the creditor do?

You can contact the Trade Credits Platform and have your credits certified.

What credits can be used for?

Once he has obtained the credit, he can transfer it to banks or financial intermediaries that are authorized to manage it, he can use them in compensation to tax collectors received and entered in his debt, he can also use them for tax compensation.

Let’s see this point better.

Once the certification of the credits has been obtained, the company can await the payment, which the public administration is required to make within the terms established by the certification itself.

The creditor could also transfer the credit and request an advance through a bank or financial intermediary.

Or he could ask for the compensation of all or part of the debt he has towards the Revenue Agency or the Collection.

This only if the company owes debts to them.

In addition to this service, which becomes very useful to all those companies and individuals who find themselves working for the public administration, since 2014 the PPC has also taken on another function, that of monitoring the commercial debts of the Public Administration.

The benefits linked to these services that creditors can obtain from the platform are truly manifold.

Advance Trade Credits Platform 2019

Advance Trade Credits Platform 2019

For example, by connecting, you can check the status of the credits claimed by each debtor of the Public Administration.

The creditor company or company can check online the status of each of its debtors with an invoice due date. Creditors are split up so that it’s easy to keep everything under control.

What the CCP tracks

In practice, as previously mentioned, the commercial credit platform monitors the state of indebtedness of the public administration towards companies and companies, but also towards individuals.

It also keeps track of all invoices, both sent and received, both in paper and electronic format, transmitted with the use of the SDI interchange system.

In addition, the Public Administration has the obligation to trace the transactions accounted for and payments on the PCC platform and also to communicate the due dates of the invoices received.

What the CCP system can do

In addition to keeping track of invoices, it monitors the commercial payables of PAs, making known the condition in which they are: for example if they have been liquidated, suspended, transferred, paid offsets or if they have expired.

Public administrations can use the system as an invoice register, if they do not have one.

Registration on the Commercial Credit Platform

On the Home page, at the top right there is the possibility of registration, both as Creditor and as PA (Public Administration).

Registration begins with the first step in which it is necessary to enter the tax code of the company you intend to register. Then follow the instructions that appear wrapped each time when confirming on the Next button.

In principle, the requested data are in relation to the company, the applicant, the type of signature, then there are the attachments to be inserted and finally the request is sent.

Other services

Within the platform it is possible to search for the registered Public Administrations or the Intermediaries who are authorized to access the platform for the CBI service and the financial intermediaries with operations.

A toll-free number is available for those who need to interact directly. You can also send a request by filling out the form found at the bottom of the home page.

Guides, Video tutorials and Glossary

For those who are unfamiliar with the sector or need to better understand how the platform works and what operations can be done, video tutorials, guides and a glossary are available where the terms of the sector are found.

Frequently Asked Questions and Answers

Both creditors, i.e. companies and individuals who register to monitor public administrations and their credits, and public administrations, can download a PDF document in which they find answers to frequently asked questions.

Each of the two categories has a dedicated document.

Another useful tool for those who sign up for the Trade Credits Platform is the newsletter which is sent on a regular basis with all the available news and useful information.

In conclusion

The platform also contains data of public interest such as the amount of financial resources made available to the debtor entities (we are talking about 47 billion USD) and the debts paid by the Public Administrations (about 45 and a half billion USD).

160,754 certification applications have been submitted and 32,124 have been registered.

Receivables that have expired or accrued before 31 December 2013 can be transferred to financial intermediaries. This thanks to the approval of DL 66/2014

Using this tool can help companies and individuals to speed up the collection of their credits and, at times, even to regularize their position with the Revenue Collection agencies.

Basically, money is being allocated that you are not managing to collect from our creditors. Intermediaries and agencies will then carry out the actions to collect the payment from the public administrations in debt.

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