From time to time, it is necessary for customers
to supply the Bank with data in connection with the
opening or continuation of accounts and the establishment
or continuation of banking facilities or provision
of banking services.
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Failure to supply such data may result in the Bank
being unable to open or continue accounts or establish
or continue banking facilities or provide banking
services.
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It is also the case that data are collected from
customers in the ordinary course of the continuation
of the banking relationship, for example, when customers
write cheques or deposit money.
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The purpose for which data relating to a customer
may be used are as follows :
i.The daily operation of the services and credit
facilities provided to customers;
ii.Conducting credit checks;
iii.Assisting other financial institutions to conduct
credit checks and collect debts;
iv.Ensuring ongoing credit worthiness of customers;
v.Designing financial services or related products
for customers' use;
vi.Marketing financial services or related products;
vii.Determining the amount of indebtedness owed to
or by customers;
viii.Collection of amounts outstanding from customers
and those providing security for customers' obligations;
ix.Meeting the requirements to make disclosure under
the requirements of any law binding on the Bank or
any of its branches or sub-branches;
x.Enabling an actual or proposed assignee of the
Bank, or participant or sub-participant of the Bank's
rights in respect of the customer to evaluate the
transaction intended to be the subject of the assignment,
participation or sub-participation; and
xi.purposes relating thereto.
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Data held by the Bank relating to a customer will
be kept confidential but the Bank may provide such
information to the following parties for the purposes
set out in paragraph(d) :
i.any agent, contractor or third party service provider
who provides administrative, telecommunications, computer,
payment or securities clearing or other services to
the Bank in connection with the operation of its business;
ii.any other person under a duty of confidentiality
to the Bank including a group company of the Bank
which has undertaken to keep such information confidential;
iii.the drawee bank providing a copy of a paid cheque
(which may contain information about the payee) to
the drawer;
iv.credit reference agencies, and, in the event of
default, to debt collection agencies;
v.any person to whom the Bank is under an obligation
to make disclosure under the requirements of any law
binding on the Bank or any of its branches; and
vi.any actual or proposed assignee of the Bank or
participant or sub-participant or transferee of the
Bank's rights in respect of the customer.
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Any individual has the right :
i.to check whether the Bank holds data about him
and of access to such data;
ii.to require the Bank to correct any data relating
to him which is inaccurate;
iii.to ascertain the Bank's policies and practices
in relation to data and to be informed of the kind
of personal data held by the Bank, and
iv.in relation to consumer credit, to request to
be informed which items of data are routinely disclosed
to credit reference agencies or debt collection agencies,
and be provided with further information to enable
the making of an access and correction request to
the relevant credit reference agency or debt collection
agency.
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The Bank has the right to charge a reasonable fee
for the processing of any data access request.
Nothing in this Notice shall limit the rights of customers
under the relevant laws and regulations.
Bank means Bank of China (Hong Kong) Ltd., Nanyang Commercial
Bank Ltd or Chiyu Banking Corporation Ltd.
