Undertaking Clause

I/We hereby certify that all information in this application is correct and complete. Should any of the information provided and documents I/we submitted prove to be false, the Bank may terminate any loan or accommodation and have the right to demand immediate payment obligation.

Processing of Information

I/We hereby authorize the Bank to obtain and verify such information as the Bank may require concerning the statements made in this application and that the sources from which the Bank may apply for such information are hereby authorized to provide the Bank the same. I/We hereby authorize the Bank or its duly authorized personnel to disclose my/our information to any office, branch, subsidiary affiliate, agent, and representative of the Bank and third parties selected by any of them, whether situated, and use in connection with the provision of any service/product relating to my/our account/s including data profiling, processing, monitoring, reviewing, reporting, storing, statistical and risk analysis purposes. I/We hereby agree that all my/our personal data may be processed and disclosed to government authority (foreign or domestic) in compliance with the rule, ordinance, order, decree, directive, requirement, statute, law, constitution, regulation or other government restriction or any similar form of decision of, or determination of any of the foregoing by, any national, regional, or local government or political subdivision, commission, authority, tribunal, agency, or entity of the Republic of the Philippines or a foreign country, as may be applicable. I/We hereby agree to waive, to the extent allowed by the law, the confidentiality of my/our personal information regarding my/our bank accounts, deposits and other credit information in order to ascertain my/our eligibility to avail credit. I/We understand that the Bank is committed to ensuring that the confidentiality of my/our information under Republic Act No. 1405 or the “Bank Secrecy Law,” Republic Act No. 8791 or the “Green Banking Law of 2000,” Republic Act No. 6426 or “The Foreign Currency Deposit Act,” Republic Act No. 10173 or “Data Privacy Act,” and any other law applicable and will exert reasonable efforts to protect against its unauthorized use or disclosure.

Retention

I/We hereby agree and authorize the Bank to retain the information collected during the application as well as for the duration of the relationship or services with the Bank/Financial institution for a period of ten years from such termination until final conclusion of any requirement of obligation, dispute or action, in accordance with the Data Privacy Act and its implementing rules and regulations.

Consent for Cross-Selling, Promotions and Referrals

I/We agree to authorize the Bank to:

• Collect and use my/our information and where permitted by law, share it between YGC, its subsidiaries and affiliates to identify and inform me/us of products and services provided by YGC, its subsidiaries and affiliates that may be of interest to me/us.
• Collect and use my/our information to promote the products and services of select third parties that may be of interest to me/us.