Common use of Outsourcing Clause in Contracts

Outsourcing. 20.1 Without prejudice to the Bank’s rights and powers under Clause 18, the Bank may from time to time outsource such administrative, operation, telecommunication, computer, data processing, customer services and/or other banking or credit services in connection with the Bank’s business (including the Card services provided to the Cardholders hereunder) to such third party service provider(s) (whether in Hong Kong or abroad) for the outsourcing activities as the Bank may at its absolute discretion think fit. The Bank will ensure that all outsourcing arrangements will comply with the relevant statutory and regulatory requirements for the time being in force.

Outsourcing. 20.1 Without prejudice to the Bank’s rights and powers under Clause 18, the Bank may from time to time outsource such administrative, operation, telecommunication, computer, data processing, customer services and/or other banking or credit services in connection connec- tion with the Bank’s business (including the Card services provided to the Cardholders hereunder) to such third party service provider(s) (whether in Hong Kong or abroad) for the outsourcing activities as the Bank may at its absolute discretion think fit. The Bank will ensure that all outsourcing arrangements will comply with the relevant statutory and regulatory requirements for the time being in force.