Common use of Credit checking Clause in Contracts

Credit checking. In accordance with the terms of the relationship recorded between us and you in these terms and conditions we may carry out a credit check with a licensed credit reference agency which will retain a record of that search. In the event of your default, relevant details may be recorded with that agency. This information may be used by other stockbrokers, financial institutions, etc in assessing applications for credit by you and members of your household, and for occasional debt tracing and fraud prevention purposes.

Appears in 2 contracts

Sources: Terms and Conditions, Terms and Conditions

Credit checking. In accordance connection with the terms of the relationship recorded between us and you in these terms and conditions this arrangement, we may carry out a credit check with a licensed credit reference agency agency, which will retain a record of that search. In the event of your default, relevant details may be recorded with that agency. This information may be used by other stockbrokers, financial institutions, etc in assessing applications for credit by you and members of your household, and for occasional debt tracing and fraud prevention purposes.

Appears in 1 contract

Sources: Professional Client Terms of Business