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| By accessing this website and any of its pages you are agreeing to the terms set out below. |
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| Declaration |
Products and services referred to in this website are offered only in jurisdictions where and when they maybe lawfully offered by PrimeCredit Limited and its affiliated companies("the Group"). The materials on these pages are not intended for use by persons located in or resident in jurisdictions which restrict the distribution of this material by us. Persons accessing these pages are required to inform themselves about and observe any relevant restrictions.
Any information, products or services supplied in this website maybe withdrawn or amended at any time without advance notice at the discretion of the Group.
It is your sole responsibility to prevent, safeguard and ensure that no computer virus enters your system and this website.
The Group cannot guarantee the security of the messages sent over the internet and will not be responsible for any damages incurred by users as a result of any delay, loss, diversion, alteration or corruption of any message either sent to or received from the Group at the users' request, over the internet.
The information contained in this website is provided for reference only. The Group used its best endeavours to ensure that the information is accurate, complete and up-to-date. The Group makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of such information. |
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Notice to Customers and Other Individuals relating to
the Personal Data (Privacy) Ordinance (the “Ordinance”)and the Code of Practice on Consumer Credit Data |
| a. |
From time to time, it is necessary for data subjects to supply PCL with data in connection with the following matters such as: |
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the opening or operation of accounts; |
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the establishment or maintenance of facilities; and/or |
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iii. |
the establishment or operation or provision of products or services offered by or through PCL (which could include credit facilities, credit cards, financial and insurance as well as products and services relating to these);
(collectively, Facilities, Products and Services), and/or |
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the receipt of supplies and services to PCL. |
| b. |
Failure to supply such data may result in PCL being unable to establish, maintain or provide Facilities, Products and Services to data subjects. |
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It is also the case that data are collected by PCL from data subjects transacting with or through PCL in the ordinary course of PCL’s business, for example, when data subjects write cheques or deposit money or effect transactions through credit cards. |
| d. |
Data relating to a data subject may be used for any one or more of the following purposes: |
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processing application from the data subject (including assessing the merits and/or suitability of the data subject’s application(s)) for the establishment of Facilities, Products and Services; |
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operating, maintaining and providing Facilities, Products and Services to the data subject; |
| iii. |
conducting credit checks on the data subject (whether in respect of an application for Facilities, Products and Services or during regular or special reviews); |
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creating and maintaining PCL’s credit scoring models; |
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maintaining credit history of the data subject for present and future reference; |
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assisting other financial institutions to conduct credit checks and collect debts; |
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ensuring ongoing credit worthiness of the data subject; |
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designing credit facilities, credit cards, financial and insurance services or related products for data subject’s use; |
| ix. |
marketing any of the following (in respect of which PCL may or may not be remunerated): |
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credit facilities, credit cards, financial, insurance and related services and products; |
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reward, loyalty or privileges programmes and related services and products; and |
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services and products offered by co-branding partners. |
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The above services and products may be provided or marketed by PCL ; and/or third party credit card companies, financial institutions, insurers, reward, loyalty and privileges programme and/or related services and/or products providers; and/or co-branding partners. |
| x. |
determining the amount of indebtedness owed to or by data subjects; |
| xi. |
enforcement of data subjects' obligations, including without limitation the collection of amounts outstanding from data subjects and those providing security for data subjects' obligations; |
| xii. |
meeting the disclosure obligations or requirements under the requirements of any law or regulation binding on or applying to PCL or under and for the purposes of any guidelines, directives, rules, codes, circulars or other similar documents issued or given by a regulatory body or other authorities with which PCL is expected to comply; |
| xiii. |
enabling an actual or potential assignee of all or any part of the business and/or asset of PCL or participant or sub-participant of PCL’s rights in respect of the data subject, to evaluate the transaction intended to be the subject of the assignment, participation or sub-participation, and/or |
| xiv. |
any other purposes relating to the purposes listed above. |
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| e. |
Data PCL holds relating to a data subject is kept confidential but PCL may provide, transfer or disclose such data to any one or more of the following parties (whether within or outside Hong Kong) for the purposes set out in paragraph (d):
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any agent, contractor or third party service provider who provides administrative, telecommunications, computer, payment or securities clearing or other services to PCL in connection with the establishment, operation, maintenance or provision of Facilities, Products and Services; |
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any other person under a duty of confidentiality to PCL including any entitywhich has undertaken to keep such information confidential; |
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credit reference agencies and, in the event of default, debt collection agencies; |
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any person or entity to whom PCLis under an obligation or is required to make disclosure under the requirements of any law or regulation binding on or applying to PCLor under and for the purposes of any guidelines, directives, rules, codes, circulars or other similar documents issued or given by a regulatory body or other authorities with which PCL is expected to comply; |
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any financial institution and merchant acquiring company with which a data subject has or proposes to have dealings; |
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any actual or proposed assignee of all or any part of the business and/or asset of PCL or participant or sub-participant or transferee of PCL’s rights in respect of the data subjects; |
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any party giving or proposing to give a guarantee or third party security to guarantee or secure the data subject’s obligations, and/or |
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any person or entity which PCL engages for any of the purpose(s) set out in paragraph (d)(ix). |
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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 data subject has the right:
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to check whether PCL holds data about him/her and/or access such data; |
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to require PCL to correct any data relating to him/her which is inaccurate; |
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to ascertain PCL’s policies and procedures in relation to data and to be informed of the kind of personal data held by PCL and/or he/she has access to; |
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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 or correction request to the relevant credit reference agency or debt collection agency, and |
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in relation to consumer credit data which has been provided by PCL to a credit reference agency, to instruct PCL upon termination of an account by full repayment to make a request to the credit reference agency to delete such data from its database, as long as the instruction is given within 5 years of termination and at no time the account has had a default of payment lasting in excess of 60 days within 5 years immediately before account termination. In the event the account has had a default of payment lasting in excess of 60 days, the data may be retained by the credit reference agency until the expiry of 5 years from the date of final settlement of the amount in default or 5 years from the date of discharge of a bankruptcy as notified to the credit reference agency whichever is earlier. |
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| g. |
PCL may from time to time access the personal and account information or records of a data subject held by the credit reference agency for the purpose of reviewing any of the following matters in relation to the existing credit facilities granted to a data subject or a third party whose obligations are guaranteed by a data subject:
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an increase in the credit amount;
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the curtailing of credit (including the cancellation of credit or a decrease in the credit amount); and
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the putting in place or the implementation of a scheme of arrangement with the data subject or the third party.
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| h. |
PCL may have obtained a credit report on a data subject from a credit reference agency in considering any application for credit. In the event a data subject wishes to access the credit report, PCL will advise the contact details of the relevant credit reference agency.
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| i. |
Data of a data subject may be processed, kept, transferred or disclosed in and to any country as PCL or any person who has obtained such data from the PCL referred to in (e) above considers appropriate. Such data may also be processed, kept, transferred or disclosed in accordance with the local practices and laws, rules and regulations (including any governmental acts and orders) in such country.
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| j. |
The person to whom requests for access to or correction of data held by PCL, or for information regarding PCL’s data policies and practices and kinds of data held by PCL are to be addressed, is as follows:
Data Protection Officer
PrimeCredit Limited
P.O. Box 23207
Wanchai Post Office, Hong Kong
Tel: 2163-0201 Fax:2134-3377
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| k. |
In accordance with the terms of the Ordinance, PCL has the right to charge a reasonable fee for the processing of any data access request.
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| l. |
Nothing in this notice shall limit the rights of data subjects under the Ordinance.
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In this notice, unless inconsistent with the context or otherwise specified, the words in italic shall have the following meanings:
account means, for each facility, service or product which PCL may from time to time make available to the data subjects, the account that is, opened and/or maintained in respect of it from time to time.
co-branding partner means a business partner of PCL, and the name of which can be found in the application form(s) for the relevant services and products, as the case may be.
data subjects includes applicants for Facilities, Products and Services, customers, security providers, referees, corporate officers and managers, suppliers, agents, contractors, service providers and other contractual counterparties and any third party transacting with or through PCL.
disclose or disclosing, in relation to personal data, includes disclose or disclosing information inferred from the data.
Supplemental Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit Data
- applicable to mortgages |
This Supplemental Notice applies to mortgage applications received by PrimeCredit Limited ("PCL") on or after April 1, 2011. If there is any inconsistency between the terms of this Supplemental Notice and the terms of the existing Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit Data, the terms of this Supplemental Notice shall prevail insofar as mortgage applications and mortgages are concerned.
Of all the data which may be collected or held by PCL from time to time in connection with mortgages, the following data relating to the customer (including any updated data of any of the following data) will be provided by PCL to the credit reference agency:
| b. |
capacity in respect of each mortgage (as borrower, mortgagor or guarantor); |
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Hong Kong Identity Card Number or travel document number; |
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mortgage account number in respect of each mortgage; |
| g. |
type of the facility in respect of each mortgage; |
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mortgage account status in respect of each mortgage (e.g., active, closed, write-off); and |
| i. |
if any, mortgage account closed date in respect of each mortgage. |
The credit reference agency will use the above data supplied by PCL for the purposes of compiling a count of the number of mortgages from time to time held by the customer, as borrower, mortgagor or guarantor respectively, for sharing in the consumer credit database of the credit reference agency by credit providers.
The customer's right under and in accordance with the Code of Practice on Consumer Credit Data to instruct PCL to request the credit reference agency to delete from its database any account data relating to any terminated credit will, from April 1, 2011, be extended to a consumer credit involving mortgage(s).
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(In case of discrepancies between the English and Chinese versions, the English version shall apply and prevail.)
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