Consent Template Text

{Customer Name}, located at {Customer Address}, requires your consent to collect and process your personal information in connection with {Customer Purpose}. Trade Shield (Pty) Ltd, located in Woodmead, Johannesburg, requires your consent to collect and process your personal information for Credit Risk Insights, Credit Assessments, Financial Analysis, and Due Diligence as part of the application and ongoing monitoring should your application be approved on behalf of {Customer Name}.

This consent applies to your data as it appears in this application, as well as any corrections you make before submission. Additionally, credit reports and checks from authorised sources, such as credit bureaus and Credit Resellers, may be requested during the process.

The information collected may include your contact details, business registration data, financial information, credit history, bank statement analysis, Audited Financials, Credit Reports, and any additional information provided below.

Your personal information may be shared with trusted third parties within the boundaries of the described purpose. Where legally permitted, your data may be transferred or accessed outside of South Africa, in accordance with Section 72 of POPIA, which includes adequate protection mechanisms, contractual assurances, or recognised jurisdictional adequacy.

If you are a sole proprietor or single director, you explicitly consent to your credit data being accessed as part of this process, including credit reports/checks.

Data shared with the following parties:

Data subject rights:

⚠ Important Notice: This is an example only. Trade Shield does not take liability for this recommendation. Each party is responsible for ensuring their specific business context and purpose are properly articulated and approved by their Information Officer and Legal Team. This may need to be supplemented or modified to ensure holistic compliance.

By accepting these terms and conditions, the Buyer acknowledges and agrees that [Client Company Name] may collect, process, and share personal and financial information on the Buyer as necessary to assess and manage the Buyer's creditworthiness and ongoing credit risk profile.

This includes the right to disclose Buyer Information to trusted third-party service providers, including but not limited to Trade Shield (Pty) Ltd and authorised financial institutions, such as credit bureaus, for purposes such as credit risk evaluation, credit limit recommendations, trade behaviour analysis, and related financial services.

The Buyer acknowledges that such processing is necessary to perform the obligations of this agreement and is further justified by the legitimate interest of [Client Company Name] in managing credit risk responsibly.

Buyer Information may include contact information, payment behaviour, financial records, trade references, public registry data (e.g., CIPC), legal judgments, and other relevant indicators.

Processing of this information will continue for as long as the Buyer maintains a credit facility with [Client Company Name], and thereafter only as reasonably required for legal, audit, or credit record-keeping purposes.

All processing will be conducted in compliance with the Protection of Personal Information Act (POPIA) and the Promotion of Access to Information Act (PAIA). The Buyer may review the applicable PAIA Manual at [Client PAIA URL] and the PAIA Manual of Trade Shield.

The Buyer retains the right to access their personal information, request corrections, or raise reasonable objections to the processing of their information, subject to applicable law. Where information originates from external or public sources, the Buyer will be supported in addressing inaccuracies at the source.

The Buyer acknowledges that this processing is a condition of receiving and maintaining access to a credit facility, and that consent is not the sole basis for such processing where lawful contractual or legitimate interests apply.