Common use of Disclosure to Bank Negara Malaysia Clause in Contracts

Disclosure to Bank Negara Malaysia. The Bank may or is required, whether pursuant to law or otherwise, to provide information to Bank Negara Malaysia regarding the financing facilities which it grants to its customers or the customers’ accounts. The Customer hereby consents to the Bank disclosing such information to Bank Negara Malaysia for the purpose of collecting information from banks regarding their customers to enable participating banks and other financial institutions to assess the credit worthiness of existing or potential customers. The Bank shall not be liable to the Customer or any other persons for such disclosure.

Disclosure to Bank Negara Malaysia. The Bank may or is required, whether pursuant to law or otherwise, to provide information to Bank Negara Malaysia regarding the financing facilities which it grants to its customers or the customers’ accounts. The Customer Company hereby consents to the Bank disclosing such information to Bank Negara Malaysia for the purpose of collecting information from banks regarding their customers to enable participating banks and other financial institutions to assess the credit worthiness of existing or potential customers. The Bank shall not be liable to the Customer Company or any other persons for such disclosure.