Common use of BANKING SECRET Clause in Contracts

BANKING SECRET. 21.1. BCR will preserve the confidentiality about all actions, data and information regarding the activity conducted regarding the Client, in the conditions provided by the Banking Law and by other applicable regulations. 21.2. The Client understands and accepts that BCR has the right, or by the case, the obligation to disclose such actions, data or information to any enabled authorities according to the Banking Law to request or receive such information. 21.3. BCR will be able to supply any information about any of the targeted persons and the Contractual Documentation as it regards required or appropriate, to any person to whom it intends to assign or transfer all or any of its rights and obligations based on the Contractual Documentation. 21.4. BCR will take all reasonable measures so that its representatives or employees do not use to their personal benefit or to the benefit of others, directly or indirectly, information submitted to the professional secret in the banking field, which they hold or became aware of in any way.