By signing below, I/we do hereby assign to China Bank, my/our Security Deposit Account/Amount to secure all the availments/purchases/fees/charges made or due under this Secured Credit Card Application. I/We, the owner(s) of the
Deposit Account, instruct and authorize China Bank to secure/hold-out my/our Deposit Account/Security Deposit Account. I/We shall not be allowed to withdraw, dispose of, further encumber, close/terminate, the said Security Deposit
Account/Amount until released by China Bank. I/We understand that the Credit Card limit that may be granted shall conform to China Bank credit policy and shall not be more than ninety percent (90%) in Peso currency or seventy
percent (70%) in US Dollar currency of the Security Deposit Amount. The Security Deposit Amount may be amended by submitting a new form subject to the approval of China Bank. In case of default in payment of the Card or any of
its supplementary card(s), I/we hereby irrevocably authorize and empower China Bank to debit/offset the Security Deposit Account for full/partial settlement of the outstanding balance which may include purchases, fees and charges,
including supplementary card(s), if any. In case of termination/cancellation of the Card, the Security Deposit/Amount shall be released net of applicable charges and fees within a period of fifteen (15) banking days from
termination/cancellation date.
I/We acknowledge that this shall serve as my/our application for issuance of China Bank Credit Card (Card). I/We hereby expressly agree to China Bank’s credit policies and procedures in accordance with BSP Circular No. 855 (Sound
Credit Risk Management Practices), as well as other applicable and related laws/regulations. I/We also hereby authorize China Bank to allow its subsidiaries, affiliates and third parties selected by China Bank to offer its products and
services to me/us through mail/e-mail/fax/SMS or other means of communication. For this purpose, I/we further allow China Bank to transfer and disclose selected information to its subsidiaries, affiliates and third parties selected by
China Bank related to its processing, maintenance, programs and operations of the Card.
I/We authorize China Bank and its affiliates/authorized agents to verify and investigate the information contained herein or any document/paper submitted in connection herewith, as well as updates or corrections thereof, from whatever
sources it may deem appropriate. I/We hereby waive confidentiality of client information including without limitation, the provisions of R.A. Nos. 9510 (Credit Information System Act), 1405 (Secrecy of Bank Deposit Act), 6246 (Foreign
Currency Deposit Act), and Sec. 55.1b of R.A. No. 8791 (General Banking Law). I/We hereby authorize the regular submission and disclosure to any and all credit information service providers such as, but not limited to, Credit Card
Association of the Philippines and Credit Information Corporation, of any information, whether positive or negative relating to my/our basic credit data (as defined under R.A. No. 9510) with CBC as well as any updates or connections
thereof. I/We understand that my/our credit data may be shared by the CIC with other authorized lenders and duly accredited reporting agencies, for the purpose of establishing my/our credit worthiness. I/We hereby consent and/or
was/were authorized to give consent to the collection, retention, processing, disclosure (as provided under applicable confidentiality and data privacy laws of the Philippines including all subsequent amendments or supplements thereto)
of any personal, sensitive personal and privileged information relating to me/us, the Partnership/Corporation/Juridical Entity and its officers, directors and stockholders, whether provided by me/us or coming to CBC’s possession, and
sharing of the said personal, sensitive personal and privileged information to CBC and its offices, branches, subsidiaries and affiliates (Chinabank Insurance Brokers, Inc., China Bank Securities Corporation, China Bank Capital
Corporation, China Bank Savings, Inc., China Bank Properties and Computer Center, Inc., and Manulife-China Bank Life Assurance Corporation, among others), accredited third parties/vendors, or other persons or entities that CBC
may reasonably select, personal information processors, credit reporting or credit reference agencies, credit protection provider, guarantee institutions, debt collection agencies, government agencies and private regulatory organizations
and other financial institutions, and other outsourced service providers engaged by CBC as allowed by law and internal Bank policies, for purposes reasonably required by CBC such as, but not limited to, its conduct of everyday
business (processing my Credit Card application and transactions, maintenance of my account/s), performance of daily technological and operational functions, communications technology services including updates and automation
of the systems of CBC group and its affiliates, compliance with the law and regulatory organizations, research and statistics including conduct of surveys, marketing and cross-selling of products and services of CBC, its subsidiaries
and affiliates, client relationship management, sales lead generation, running credit and negative information checks, conduct of skiptracing, asset and property search and/or verification, statistical and risk analysis, data analytics,
client profiling, and in the event of default arising from non-payment of my Credit Card obligations with CBC, and all other purposes as allowed in the banking industry practice, businesses of CBC’s subsidiaries and affiliates, and by
law. I shall notify CBC in writing, which must be acknowledged by CBC, if I do not consent to the processing and disclosure of said information with CBC’s representative offices, subsidiaries, affiliates, agents and accredited third
parties/vendors or other persons or entities that CBC may reasonably select. I further acknowledge my right to information, access, correction, rectification, erasure of my personal, sensitive personal and privileged information, data
portability, objection to processing, file complaint and damages under the Data Privacy Act.
I/We agree that CBC may retain my/our personal and account information for as long as necessary for the fulfilment of the purpose for which it was collected and such other purposes that I/we may have consented to from time to time,
as required by pertinent laws and regulations, and provide information when required to do so in accordance with RA 1405, RA 6426, RA 8791, RA 9510, RA 9160, RA 10173, as amended, and other similar and applicable laws, by
court order, and jurisprudence. I/We agree that CBC shall not be liable for any loss or damage arising from CBC’s disclosure of personal and account information for the above.
I/We consent and authorize the Land Registration Authority, Register of Deeds, Land Transportation Offices, local government unit offices, and other government agencies and instrumentalities to give, provide, share, and disclose any
and all information and documents as may be necessary and required by the Bank and its authorized representatives, in connection with its conduct of skiptracing, asset and property search and/or verification.
Further, by signing and/or using my/our CBC Credit Card(s), I/we agree to abide and be governed by Terms and Conditions governing the issuance and use of the Card as found in the Bank's website and all future amendments on its
provisions and the fees and charges for its products and/or services from time to time and as such to be notified of such changes through notice sent to me/us through any of the following means, at the discretion of China Bank,
including, but not limited to, China Bank website/SOA/mail/e-mail/fax/SMS or telephone. In the event of delinquency, I/we hereby authorize China Bank to submit my/our name(s) in negative listing of any credit bureau or institution.
I/We agree to indemnify and hold free and harmless China Bank, its subsidiaries and affiliates, as well as any of its Officers, Directors, and employees against any and all losses, claims, damages, penalties, liabilities, choses of actions
and costs of any kind that may arise directly or indirectly from the execution of this consent.
