DCHEQS definition
Examples of DCHEQS in a sentence
The Equity Home Financing -i Facility shall be at all times governed by such rules, regulations and/ or directives (whether or not having the force of law) required of or imposed upon the Bank from time to time and at any time by Ba nk Negara Malaysia or any other authority having jurisdiction over the Bank and shall be subject to the prevailing Dishonoured Cheque Information System (“ DCHEQS ”) guidelines, issued from time to time.
I understand and agree that ▇▇▇▇▇▇▇ and the Credit Reporting Agency may, at their sole discretion, conduct credit, CCRIS (Central Credit Reference Information System), and DCHEQS (Dishonoured Cheques) checks from Bank Negara Malaysia on my credit history, at any time and from time to time, for the purpose of evaluating my creditworthiness.
The operation of Tawarruq Cash Line-i shall be governed by the prevailing Dishonored Cheque Information System Guidelines (DCHEQS) and any breach may render the account being re-designated as Special Account with no cheque book facilities by the Bank without any reference to you.
The full Privacy Notice is contained in the Bank’s official website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ The Customer expressly consents to the Bank conducting credit checks on the Chargor for the purpose of this Charge at the Central Credit Bureau, CCRIS, CTOS Sdn Bhd, DCHEQS, Financial Information Services Sdn Bhd (FIS), RAM Credit Information Sdn Bhd or any registered credit reporting agencies.
In accordance with the provisions of DCHEQS guidelines issued by Bank Negara Malaysia from time to time, the Bank reserves the absolute right to recall the facility and to close any or all current accounts that have been blacklisted by DCHEQS.
The Bank reserves the right to dishonour any cheques issued by you if there are insufficient funds in your Account ("Bad Cheque").The Bank may close or impose restrictions/conditions on all or any of the Accounts if not conducted satisfactorily or has been listed with the Dishonoured Cheques Information System (DCHEQS) or with any credit bureau or any organization or corporation.
In order to comply with any such guidelines, the Customer shall forthwith upon request of the Bank from time to time, forward to the Bank a statutory declaration (in form and substance acceptable to the Bank) confirming that the Customer is not on the current DCHEQS blacklist.
In accordance with the DCHEQS gu idelines issued from time to time, the Customer hereby expressly agrees that the Bank reserves the right to close any or all current accounts of the Customer once the Customer has been listed as a “ bad cheque” offender by DCHEQS.
In this respect, the Customer is to provide a statement to the Bank that the Customer is not on the current DCHEQS blacklist.
In the event that the Customer has been blacklisted by DCHEQS, the Bank reserves the absolute right to recall the Tawarruq Cash Line-i facility immediately without giving any further reference to the Customer.