Bank of Communications (Hong Kong) Limited (the "Bank")
Notice to Customers relating to the Personal Data (Privacy) Ordinance (the "Ordinance")
|(a)||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.
|(b)||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.
|(c)||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.
|(d)||The purposes 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 at the time of application for credit and at the time of regular or special reviews which normally will take place one or more times each year;|
|(iii)||creating and maintaining the Bank's credit scoring models;|
|(iv)||assisting other financial institutions to conduct credit checks and collect debts;|
|(v)||ensuring ongoing credit worthiness of customers;|
|(vi)||designing financial services or related products for customers' use;|
|(vii)||marketing services ,products and other subjects (please see further details in paragraph (g) below);|
|(viii)||determining the amounts owed to or by customers;|
|(ix)||collection of amounts outstanding from customers and those providing security for customers' obligations;|
|(x)||complying with the obligations, requirements or arrangements for disclosing and using data that apply to the Bank or that it is expected to comply according to:|
|(xi)||complying with any obligations, requirements, policies, procedures, measures or arrangements for sharing data and information within the group of the Bank and/or any other use of data and information in accordance with any group-wide programmes for compliance with sanctions or prevention or detection of money laundering, terrorist financing or other unlawful activities;|
|(xii)||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|
|(xiii)||purposes relating thereto.
|(e)||Data held by the Bank relating to a customer will be kept confidential but the Bank may, where it considers necessary or appropriate, provide such information to the following parties for the purposes set out in paragraph (d) above:-|
|(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 or otherwise required to make disclosure under the requirements of any law binding on or applying to the Bank, or any disclosure under and for the purposes of any guidelines or guidance given or issued by any legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers with which the Bank are expected to comply, or any disclosure pursuant to any contractual or other commitment of the Bank with local or foreign legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers, all of which may be within or outside the Hong Kong SAR and may be existing currently and in the future;|
|(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; and|
|Such information may be transferred to a place outside Hong Kong SAR.
With respect to data in connection with mortgages applied by a customer (whether as a borrower, mortgagor or guarantor and whether in the customer's sole name or in joint names with others) on or after 1 April 2011, the following data relating to the customer (including any updated data of any of the following data from time to time) may be provided by the Bank, on its own behalf and/or as agent, to a credit reference agency:
USE OF DATA IN DIRECT MARKETING
|(i)||the name, contact details, products and services portfolio information, transaction pattern and behaviour, financial background and demographic data of a customer held by the Bank from time to time may be used by the Bank in direct marketing;|
the following classes of services, products and subjects may be marketed:
the above services, products and subjects may be provided or (in the case of donations and contributions) solicited by the Bank and/or:
|(iv)||in addition to marketing the above services, products and subjects itself, the Bank also intends to provide the data described in paragraph (g)(i) above to all or any of the persons described in paragraph (g)(iii) above for use by them in marketing those services, products and subjects, and the Bank requires the customer's written consent (which includes an indication of no objection) for that purpose;|
|(v)||The Bank may receive money or other property in return for providing the data to the other persons in paragraph (g)(iv) above and, when requesting the customer's consent or no objection as described in paragraph (g)(iv) above, the Bank will inform the customer if it will receive any money or other property in return for providing the data to the other persons.|
|If a customer does not wish the Bank to use or provide to other persons his data for use in direct marketing as described above, the customer may exercise his opt-out right by notifying the Bank.
|(h)||Under and in accordance with the terms of the Ordinance and the Code of Practice on Consumer Credit Data approved and issued under the Ordinance, any customer has the right:|
|(i)||to check whether the Bank holds data about him/her and of access to such data;|
|(ii)||to require the Bank to correct any data relating to him/her 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;|
|(iv)||to be informed on request 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; and|
|(v)||in relation to any account data (including, for the avoidance of doubt, any account repayment data) which has been provided by the Bank to a credit reference agency, to instruct the Bank, upon termination of the account by full repayment, to make a request to the credit reference agency to delete such account data from its database, as long as the instruction is given within five years of termination and at no time was there any default of payment in relation to the account, lasting in excess of 60 days within five years immediately before account termination. Account repayment data include amount last due, amount of payment made during the last reporting period (being a period not exceeding 31 days immediately preceding the last contribution of account data by the Bank to a credit reference agency), remaining available credit or outstanding balance and default data (being amount past due and number of days past due, date of settlement of amount past due, and date of final settlement of amount in default lasting in excess of 60 days (if any)).|
|(i)||In the event of any default of payment relating to an account, unless the amount in default is fully repaid or written off (other than due to a bankruptcy order) before the expiry of 60 days from the date such default occurred, the account repayment data (as defined in paragraph (h)(v) above) may be retained by the credit reference agency until the expiry of five years from the date of final settlement of the amount in default.|
|(j)||In the event any amount in an account is written-off due to a bankruptcy order being made against a customer, the account repayment data (as defined in paragraph (h)(v) above) may be retained by the credit reference agency, regardless of whether the account repayment data reveal any default of payment lasting in excess of 60 days, until the expiry of five years from the date of final settlement of the amount in default or the expiry of five years from the date of discharge from a bankruptcy as notified by the customer with evidence to the credit reference agency, whichever is earlier.|
|(k)|| In accordance with the terms of the Ordinance, the Bank has the right to charge a reasonable fee for the processing of any data access request.
|(l)||The person to whom requests for access to data or correction of data or for information regarding policies and practices and kinds of data held are to be addressed is as follows:
The Data Protection Officer
Bank of Communications (Hong Kong) Limited
20 Pedder Street, Central, Hong Kong
Fax: 2833 6561
|(m)||The Bank may have obtained a credit report on the customer from a credit reference agency in considering any application for credit. In the event the customer wishes to access the credit report, the Bank will advise the contact details of the relevant credit reference agency.
|(n)||Nothing in this Notice shall limit the rights of customers under the Ordinance.
Date: Sep, 2019
Note: In case of discrepancies between the English and Chinese versions of this Notice, the English version shall prevail.
Bank of Communications (Hong Kong) Limited (A wholly owned subsidiary of Bank of Communications Co., Ltd.)