Privacy Ordinance

NOTICE RELATING TO THE PERSONAL DATA (PRIVACY) ORDINANCE (“ORDINANCE”)

Man Sang Credit Limited (“MSC”) values your trust. MSC is committed to the full implementation and compliance with the six data protection principles and the requirements of the Personal Data (Privacy) Ordinance (Cap. 486, Laws of Hong Kong) (the “Ordinance”). This Notice is intended to assist you in understanding MSC’s collection of personal data and how that data is used and your rights in relation to that data.

a. Man Sang Credit Limited (“MSC”) is committed to protecting the privacy, confidentiality and security of the personal information held by MSC and complying with the requirements of Personal Data (Privacy) Ordinance (Chapter 486 of the laws of Hong Kong) (the “Ordinance”) with respect to the management of personal information. MSC are equally committed to use best endeavors in ensuring that all employees and agents of MSC uphold these obligations.

b. From time to time, it may be necessary for you to supply MSC with data in connection with the opening or continuation of accounts, the establishment or continuation of credit facilities (“Facilities”) or provision of financial services (“Services”) or compliance with any laws, guidelines or requests issued by regulatory or other authorities.

c. Failure to supply such data may result in MSC being unable to open or continue the account or establish or continue the Facilities or provide the Services.

d. Data is and will be collected from you in the ordinary course of your relationship with MSC through the following channels:

i. directly from you, for example, opening or continuation of accounts, the establishment or continuation of Facilities or provision of Services;

ii. when you issue a cheque or make a deposit;

iii. when you call MSC, visit the website of MSC, using the mobile application or service of MSC, viewing the online commercials of MSC (some of the information will be collected through the use of cookies), or contact MSC by other means of communication;

iv. consolidating and analyzing all the information obtained by MSC;

v. publicly available information, such as records at the land registry.

e. The purposes for which data relating to you may be used (whether before or after the termination of your relationship with MSC and whether or not Facilities or Services are provided to you) are as follows :

i. Processing of applications for, and daily operation of, the Facilities and Services provided to you or to other persons for whom you act as guarantor or for whom you provide third party security;

ii. conducting credit checks;

iii. assisting other financial institutions to conduct credit checks and collect debts;

iv. ensuring your ongoing credit worthiness;

v. providing benefits, services or information to you through service providers/strategic partners of MSC;

vi. designing financial services for related products for your use;

vii. marketing financial services;

viii. conducting survey on the MSC’s product and service qualities;

ix. determining the amount of indebtedness owed to or by you;

x. collection of amounts outstanding from you and those providing security for your obligations;

xi. meeting the requirements to make disclosure under the requirements of any law, rule, regulation, order, ruling, judicial interpretation or directive (whether or not having the force of law) applicable to MSC, its agents and/or affiliates (whether in Hong Kong or elsewhere) from time to time, including without limitation, the requirements, codes, guidelines, policies, customs, practices, recommendations or request (whether or not mandatory) of any Regulator;

xii. enabling an actual or proposed assignee of MSC or participant or sub-participant of MSC’s rights in respect of a customer to evaluate the transaction intended to be in the subject of the assignment, participation or sub-participation;

xiii. conducting matching procedures (as defined and as permitted in the Ordinance), comparing your data or data of other persons for credit checking, data verification or otherwise producing or verifying data;

xiv. conducting consumer credit scoring or preparing statistics or carrying out research;

xv. maintaining your credit history (whether or not there exists any relationship between you and MSC or recipient of the data) for present and future reference;

xvi. any other purpose permitted by law; and

xvii. purposes relating thereto.

f. Data held by MSC relating to you will be kept confidential but MSC may, at its sole discretion, provide such information to the following parties for the purposes set out in the above sub-clause:

i. any agent, contractor or third party service provider (whether in Hong Kong or elsewhere) who provides administrative, telecommunications, computer, payment, debt collection or securities clearing or other services to MSC in connection with the operation of its business;

ii. any of the branches, subsidiaries, holding companies, associated companies controlled by or under common control with MSC, whether in Hong Kong or elsewhere; regulators, lawyers and auditors;

iii. any other person under a duty of confidentiality to MSC, including any group company of MSC who has undertaken to keep such information confidential;

iv. credit reference agencies, and, in the event of default, debt collection agencies;

v. any financial institution and credit card issuing company with which you have or propose to have dealings;

vi.any fund house, insurance company or strategic partner of MSC;

vii.any party, agency and/or vendor giving or proposing to give a guarantee or third party security to guarantee or secure any or all of your Indebtedness;

viii. any person who has established or proposes to establish any business relationship with MSC;

ix. any person to whom MSC is under an obligation to make disclosure under the requirements of any law binding on MSC or any of its branches;

x. any actual or proposed assignee of MSC or participant or sub-participant or transferee of the MSC’s rights in respect of a customer; and

xi. any person in accordance with any law, rule, regulation, order, ruling, judicial interpretation or directive (whether or not having the force of law) applicable to MSC, its agents and/or affiliates (whether in Hong Kong or elsewhere) from time to time, including without limitation, the requirements, codes, guidelines, policies, customs, practices, recommendations or requests (whether or not mandatory) of any Regulator binding on MSC or any of its branches.

g. Data may be transferred overseas to the extent permitted by the Ordinance.

h. The information disclosed pursuant to this notice may be subject to further disclosure by the recipient to other parties in accordance with the laws of the country in which the recipient is located.

i. Where MSC grants any credit facilities to you or to another person for whom you act as guarantor, you give consent that your consumer credit data may be supplied to a credit reference agency, or in the event of default, to a debit collection agency. In the event that you or the borrower default(s) in repayment for a period exceeding 60 days, your account data may be retained by the relevant credit reference agency for up to 5 years from the date of final settlement of the amount in default as permitted by the Code of Practice on Consumer Credit Data (“Code”). Further, in the event of amount being written off due to a bankruptcy order being made against you, you shall be liable to have your account repayment data retained by the relevant credit reference agency, regardless of whether the account repayment data reveal any default(s) in repayment for a period exceeding 60 days, until the earlier of the expiry of 5 years from the date of final settlement of the amount in default or the expiry of 5 years from the date of your discharge from bankruptcy as notified to the relevant credit reference agency by you with evidence.

ii. You have the right, once the loan account is terminated by full repayment, to instruct MSC to request the relevant credit reference agency to delete from its database any account data relating to the terminated account, provided that there has not been, within 5 years immediately before account termination, any default in payment on the account for a period exceeding 60 days.

iii. For the purposes of this notice, “account data” may include account general data (e.g. general particulars of the account such as account opening date, repayment terms, whether you were a borrower or guarantor, approved loan amount etc) and account repayment data (such as the amount repaid, outstanding balance of the loan, default data including the amount and number of days past due).

j. MSC may from time to time access and obtain from credit reference agencies data relating to you for the purposes permitted by the Code. Besides, the following mortgage account general data of your goodself and your account will be supplied to the relevant credit reference agency for generating the mortgage count for sharing in the consumer credit database of the relevant credit reference agency by credit providers :

i. name of the individual

ii. capacity of the individual (i.e. whether as borrower, mortgagor or guarantor);

iii. Hong Kong Identity Card Number or travel document number;

iv. date of birth;

v. address;

vi. account number;

vii. type of the facility;

viii. account status (active, closed, write-off, etc); and

ix. account closed date.

k. Under and in accordance with the terms of the Ordinance and the Code, any individual has the right:

i. to check whether MSC holds data about him and his right of access to such data;

ii. to require MSC to correct any data relating to him which is inaccurate;

iii. to ascertain MSC’s policies and practices in relation to data and to be informed of the kind of personal data held by MSC; and

iv. in relation to consumer credit, to request to be informed which items of data are routinely disclosed to credit reference agencies and/or debt collection agencies, and to 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 as the case may be.

l. In accordance with the terms of the Ordinance, MSC has the right to charge a reasonable fee for the processing of a data access request.

m. Requests for access to data or correction of data or for information regarding policies and practices and kinds of data held should be addressed to :

Data Protection Officer
Man Sang Credit Limited

Unit 06, 6/F,
Wing On Plaza
No. 62 Mody Road,
T.S.T Hong Kong.
Tel:（852）3107 1226
Fax:（852）3107 1400

n. Nothing in this notice shall limit your rights under the Ordinance. In case of discrepancy between the English and Chinese versions of this notice, the English version shall prevail.