Xchange Finance process data only for specific purposes and the data are not stored for longer than necessary. Xchange Finance maintains the data, which is necessary for providing the services selected by the customer and Xchange Finance is able to deliver it to the customer.
Xchange Finance processes personal data in one or more of the cases mentioned below:
for signing and executing the agreement;
requested by the law;
for pursuing legitimate (lawful) interests;
the consent has been obtained from the customer.
Our Data processing Policy
The Personal data processing Policy provides information on the processing and protection of personal data of Xchange Finance customers, employees and other individuals. In addition to the description of the Policy, more detailed information on the processing of personal data can be included in your service agreements, other documents related to services and on the website.
Who can access these data?
Xchange Finance may share customer data only in the cases:
If the data are required by a public/supervisory authority;
If that is necessary for providing the relevant service by authorized data receivers.
The data receivers authorized by Xchange Finance, i.e., the companies that process the data on behalf of Xchange Finance. Xchange Finance shall take the necessary measures to ensure that the authorized data receivers carry out the customer data processing according to the guidance received from Xchange Finance, comply with the required security and confidentiality requirements, as well as act in accordance with the legal requirements.
How to withdraw your consent
This section explains what to do if you no longer want us to hold or use your personal information.
You can withdraw your consent at any time. Please contact us if you want to do so.
This will only affect the way we use information when our reason for doing so is that we have your consent.
If you withdraw your consent, we may not be able to provide certain products or services to you. If this is so, we will tell you.
Letting us know if your personal information is incorrect
You have the right to question any information we have about you that you think is incorrect. We’ll take reasonable steps to check this for you and correct it.
If you want to do this, please write to us or call us.
Calls may be monitored or recorded.
The “higher maximum amount” is —
in the case of an undertaking, 20 million Euros or 4% of the undertaking’s total annual worldwide turnover in the preceding financial year, whichever is higher,
in any other case, 20 million Euros.
The “standard maximum amount” is —
in the case of an undertaking, 10 million Euros or 2% of the undertaking’s total annual worldwide turnover in the preceding financial year, whichever is higher,
in any other case, 10 million Euros.
The maximum amount of a penalty in sterling must be determined by applying the spot rate of exchange set by the Bank of England on the day on which the penalty notice is given.