Bank Codes & CV4B Report

Creditvision for a Business score to replace bank codes

When clicking on the button to order a bank code, you will find a summary as provided by Transunion Credit Bureau of the C4B report made available by them to replace bank codes. You will note that on the second page of the brochure, a breakdown is given of the risk profile based on whether the subject is a small to medium size business or a large one. The score is made up by, amongst other things, taking into account the risk profile of the principals of the enterprise as well as that of the enterprise itself.

We are of the firm view that bank codes are no longer that relevant. It is also a fact that the majority of banks no longer make bank codes available. It is for that reason that other tools such as the CreditRisk system to assist businesses have become even more important.

Report Name:

CV4B no Consent – where the Principal has not provided consent
CV4B Sacrra – includes payment profile data in the score
CV4B non-Saccra – excludes payment profile data in the score

Principal Segment: • Non-Sacrra

Sacrra
No Consent – no principal score can be returned as consent has not been provided to review how the principals conduct their personal affairs.

Example and Guide to the CV4B report

Large Company (SM) Non-Saccra and No Consent

Score	Risk Band
999 - 999	C1-Very Low Risk
998-998	C2-Low Risk
989 - 997	C3-Below Average Risk
966 - 988	C4-Average Risk
834 - 965	C5-Above Average Risk
698 - 833	C6-High Risk
0 - 697	C7-Very High Risk

Small / Medium Company (SM) Non-Saccra and No Consent

Score	Risk Band
936 - 999	C1-Very Low Risk
912-935	C2-Low Risk
885 - 911	C3-Below Average Risk
817 - 884	C4-Average Risk
799 - 816	C5-Above Average Risk
693 - 798	C6-High Risk
0 - 692	C7-Very High Risk

Updated on: 11/07/2023