5.1 Collection of Information In order to provide the Client with its services, the Company must collect certain personal information about the Client and obtain the Client's consent in relation to the handling of such personal information. The Client will provide to the Company upon request all such information in relation to its financial and business affairs and/or identity, as the Company may reasonably require;

5.2 Use of Information The Client hereby authorises the Company to collect, use, store or otherwise process any personal information in accordance with the Company's Privacy Statement.

5.3 Identity Verification The Client will be required to provide evidence to verify identity. If the Company is not satisfied with the information provided by the Client, it may request additional information. The Company will not accept a Client Application and the full range of Services will not be available to the Client unless and until verification procedures have been completed to the satisfaction of the Company.

5.4 Consent to Search Public Databases The Client consents to an electronic database search and credit reference agencies search by the Company in order to verify the Client's identity and credit standing. The Company shall retain records of the contents and results of such searches in accordance with all current and applicable laws. The Company further reserves the right, if considered appropriate at its sole discretion, to provide relevant information regarding the Client and its Transactions to credit reference and law enforcement agencies.

5.5 Information correct The Client must ensure that all information provided to the Company is accurate and up-to-date at all times. Any changes must be advised to the Company as soon as practicable.

5.6 Protection of Information The Company collects and stores all information electronically, and takes reasonable steps to protect such information from unauthorised access, misuse, loss or destruction. The Company shall in no way be liable to the Client for any loss or damage the Client may incur as a result of the loss or theft of such information held by the Company.

5.7 Retention of Information Any information collected by the Company, including telephone recordings or transcripts, may be kept or destroyed in accordance with the Companies Information Retention Policy or normal Company procedures.

5.8 Recording phone conversations The parties consent to the electronic recording by either party of telephone conversations between them without an automatic warning tone, and the utilisation of such recordings as evidence by either party in any dispute or anticipated dispute between the parties or in relation to any dealings between the parties.