Common use of Purpose of Processing Clause in Contracts

Purpose of Processing. Ensuring the commercial credit, reliability and security of transactions and the exercise of the rights of financial freedom and free provision of information of businesses by enabling traders to evaluate or re-evaluate the solvency of their counterparties and in particular the transactional credit risk that is assumed in the context of an undertaken business activity. Legal Basis of Processing: The legitimate interest pursued by the data recipient: Security of transactions, financial freedom and freedom of information. Categories of Data: The following data is kept in the TSEK Database: a. Bad cheques,

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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