The sections of credit are financial institutions with all of the law. In Spain its greater implantation by number can be found in: Catalonia, Comunidad Valenciana, Andalucia, Extremadura, Castilla – La Mancha and Galicia. The members of the cooperative used the section of credit services such as authentic benches with unique inability to link directly with the Spanish banking system. Typical products are: savings accounts, current accounts and fixed-term deposits. These liabilities will be used to finance partners and the cooperative itself. Loans, usually in the medium or long term, and the annual appropriations help partners achieve the funding necessary for the exploitation of their farms. Other sections of the cooperative (supply shop, petrol station,) who billed to the partner can make to the Cuentas-seccion of the same charges.
Similarly (sales of crops, grants, payroll) fertilizers may also be recorded. The advantages are obvious for the cooperative: charges interest on deferral of payments, controls the risk of partner total and get a more helpless Treasury. A last advantage is the loyalty with our operate. The problem above mentioned about the impossibility of accessing the banking system can be resolved, and in fact what this, using double account system. The cooperative signed a collaboration agreement with a bank or cash.
For each account in the section are opening one in the other entity. About the cuentas-banco is achieved access to the banking system (transfers, pay pensions, telephony etc.). Daily balances of the cuentas-banco are matched to a fixed amount and the differences are credited or charged in the general account of the section maintained at the Bank. With all that said what operations must consider an application for section of credit? The answer is simple, virtually all operations of a bank or cash: 1. maintenance (openings, amendments, cancellations) and liquidation books savings, accounts flows, accounts appropriations, impositions, and loans. 2 Box or window that facilitates revenue and refunds in metallic and non-metallic. 3. Importing files using standardized models. Examples would be CSB34 (rule 34 of the higher Banking Council), with the CSB19, or the CSB43. 4. Generation of files to the outside to pay or load operations through another financial institution, or manage the doble-cuenta.