What is Memzuc?
Memzuç is a system shared with banks by the central bank that shows the total limit of the company in banks, its risk, how many banks it works with, and whether there are any delays.
Memzuç records play an important role in the company's lending process and also guide the financial institution on the actions it can take in marketing activities.
The points that make memzuç records important in SMEs are as follows:
One-to-one matching of Balance Sheet - Memzuç records
In the balance sheet items of your company, short, medium and long-term loans should be recorded correctly according to the type of loan used. Short-term loans are loans with a maturity of up to 12 months, while medium and long-term loans are your credit risks over 12 months.
If the company has medium and long-term bank loan risks, but you record all risk follow-up in the 300 Bank loans account; As a result of this incorrect recording, you may increase your short-term borrowing and negatively affect your net working capital. Or, if you follow all bank risks in 400 long term bank loans without making any distinction between short and long term; you may create distrust on the bank side as the memzuç records are checked during the lending process and you may have to explain the nature of the situation. Therefore, all you need to do is to keep track of your loan debts up to 1 year in the short term and your loan debts longer than 1 year in the long term bank debts.
Lack of memzuc record
You may never use credit; but that doesn't mean you won't need it. If you are a company that does not use credit and when you make your first loan request to the bank, the first problem you will face is that you do not have a record in memzuç. This is because financial institutions usually proceed based on the limit allocation of different institutions. For this reason, they may hesitate to be the first bank in limit allocation. Even if you do not need it, you should allocate a limit to build creditworthiness in the system.
Effect of memzuc records on pricing
Memzuc records, which show your limit and risks, are a factor affecting your pricing for credit utilization. The base case is the limit occupancy rate. The closer your overall risk is to your overall limit in the memzuc records, the less price competition you have. Therefore, do not turn down limit allocations from banks. This does not mean that you should work with every bank and have a limit allocated. If you want to be the strong side in price competition, you should pay attention to the limit occupancy rate.
Memzuc records are a system where a financial institution that does not know you at all gains insight about your company. What kind of impression you want to leave on the other side, you should follow the memzuç with this care.
Memzuç is a system shared with banks by the central bank that shows the total limit of the firm in banks, its risk, how many banks it works with, and whether there are any delays.