Receivables Certification

In 2012, the Ministry of Economy and Finance (MEF) created an “Electronic platform for Receivables Certification” enabling PA creditors to request the certification of receivables for amounts due for administration, provision and tender contracts. This will also track any subsequent operations of advance payment, offsetting, assignment or payment, for certified receivables.

The Service allows all the Intermediaries to connect to the MEF’s “Electronic platform for Receivables Certification” in order to:

• verify the existence of the Certification, its authenticity, the amounts, whether or not the receivable has already been assigned or advanced by other intermediaries, or has been partly paid or offset by the PA;
• if the receivables have been assigned, inform the PA of the transfer of ownership or, in the case of advances, of the obtainment of an irrevocable collection mandate;
• to allow banks and financial intermediaries to carry out the operations needed to obtain certification on behalf of the PA’s creditor (option currently under consideration, not yet active).

The service allows all the Intermediaries to connect to the MEF’s “Electronic platform for Receivables Certification” in order to:

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