What are the Principles of 
Reciprocity & Data Exchange?

The Principles of Reciprocity & Data Exchange (PRDE) is a set of industry-developed data exchange rules that support Australia’s consumer credit reporting system. The PRDE facilitates sharing of credit reporting information between PRDE signatories, ensuring that all credit providers – large and small – can access the same consumer credit reporting information by setting up a reciprocal data exchange.  Information shared under the PRDE also follows a set of standard reporting requirements; the Australian Credit Reporting Data Standard (ACRDS). Credit Providers and Credit Reporting Bodies agree to use the ACRDS when they become signatories to the PRDE.

The PRDE was established by the Australian Retail Credit Association (ARCA) in collaboration with the consumer credit industry, and ARCA continues to support the management of the data exchange rules.  In addition, ARCA also provides a consumer education program, CreditSmart^®, and PRDE signatories can use these resources to help their customers understand the role that comprehensive credit reporting plays. PRDE signatories may also choose to become a Member of ARCA, which can help to support their move to comprehensive credit reporting.