The main directors/members of your business maybe asked to give us a personal guarantee We will charge a set-up fee for each guarantor.
We will need to be satisfied that all of documents you provide are in a satisfactory form and properly executed.
In any of these cases, we can:
but we will give you advance notice and (unless the problem cannot be fixed) the opportunity to fix the problem before taking any of these steps.
If we make a reasonable request for information, you must give it to us as soon as possible. It’s up to you to make sure the information you give us is accurate and up to date and you must tell us if anything changes, within 30 days.
We may disclose information to other HSBC Group companies as set out in the Privacy Notice, as set out below. We may also give information to others if we’re compelled to do so by law, we’ve a public duty to disclose it, we need to disclose it to protect our own interests (for example in any legal proceedings), where it is in our legitimate interest or that of a third party, or if we have your specific agreement.
It’s up to you to meet your tax responsibilities in the UK and any other countries where this arises. This relates to the opening and use of accounts and services provided by members of the HSBC Group. Some countries’ tax laws may apply to you even if you don’t live there or aren’t a citizen of that country. Connected persons are responsible for their own tax obligations. As you’re responsible for your own tax obligations (and Connected Persons, for theirs), no HSBC Group member is responsible for this nor provides tax advice. It is your choice if you seek independent legal and tax advice.
Actions we make take in order to prevent Financial Crime
Members of the HSBC Group, are required, and may take any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime (“Financial Crime Risk Management Activity”). Such action may include, but is not limited to:
Exceptionally, our Financial Crime Risk Management Activity may lead to us:
To the extent permissible by law, no member of HSBC Group shall be liable to you or any third party in respect of any loss (however it arose) that was suffered or incurred by you or a third party, caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
Your privacy is important to HSBC
Our Privacy Notice explains how we collect, use, disclose, transfer, and store your information and sets out your rights to your information. You can find this at http://www.business.hsbc.uk/en-gb/gb/generic/legal-information or you can ask for a copy in branch.
You must ensure that every connected person whose information you (or anyone else on your behalf) provided, or will provide, to us or a member of the HSBC Group has been notified of, and has agreed to, the processing, disclosure and transfer of their information as set out in our Privacy Notice. You must at the same time advise individuals that they have rights of access to, and correction of, their personal data.
What’s a 'connected person'?
A ‘connected person’ is a person or legal entity whose information (including personal data or tax information) you provide, or which is provided on your behalf, to any member of the HSBC Group or which is otherwise received by any member of the HSBC Group in connection with this agreement.
A connected person could be any guarantor, a director or officer of a company, partners or members of a partnership, any substantial owner, controlling person, or beneficial owner, trustee, settlor or protector of a trust, account holder of a designated account, recipient of a designated payment, your representative, agent or nominee, or any other persons or entities with whom you have a relationship that’s relevant to your relationship with the HSBC Group.
If you need to contact us e.g. to update your contact details, ask for information about early repayment, tell us that you want to withdraw from the agreement or make a complaint please: