Common use of Appointment of Agents / Outsourcing Clause in Contracts

Appointment of Agents / Outsourcing. 22.1 You agree that we shall have the right to outsource or sub-contract any part of our banking operations in connection with your Account and the Services offered by us to any third party (whether in Singapore or elsewhere) on such terms as we deem fit in our absolute discretion, without prior notice to or consent from you. Such operations shall include cheque clearing, creation, maintenance and archiving of documents and records, card production and mailing and insertion of security and user identification codes. You further agree that we may employ or use the services of any Agent for, and delegate to any such Agent, the performance of our duties and exercise of our rights in connection with your Investments, Transactions, Accounts and/or any of the Services offered to and utilised by you, upon such terms and conditions as we deem fit and you shall be bound by the same. 22.2 We shall not be responsible for any act, omission, neglect or default of any such third party or Agent provided that such third party or Agent was selected and appointed by us in good faith.

Appointment of Agents / Outsourcing. 22.1 You agree that we shall have the right to outsource or sub-contract any part of our banking operations in connection with your Account and the Services offered by us to any third party (whether in Singapore or elsewhere) on such terms as we deem fit fit in our absolute discretion, without prior notice to or consent from you. Such operations shall include cheque clearing, creation, maintenance and archiving of documents and records, card production and mailing and insertion of security and user identification identification codes. You further agree that we may employ or use the services of any Agent for, and delegate to any such Agent, the performance of our duties and exercise of our rights in connection with your Investments, Transactions, Accounts and/or any of the Services offered to and utilised by you, upon such terms and conditions as we deem fit fit and you shall be bound by the same. 22.2 We shall not be responsible for any act, omission, neglect or default of any such third party or Agent provided that such third party or Agent was selected and appointed by us in good faith.