When ordering a Company/Business Profile Report Plus (CBPR Plus) or a CTOS Basis Credit Report, certain consent requirements must be completed before receiving the report.
This guide outlines the consent process for both report types, ensuring a seamless experience in accessing critical business information.
Key differences between CBPR Plus and CTOS Basis Consent Forms
Consent process for CBPR Plus and CTOS Basis Credit Reports
To obtain either the CBPR Plus or CTOS Basis Credit Report, certain consent procedures must be followed. Here's an overview of the steps involved:
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Receiving the consent form
After ordering the CBPR Plus or CTOS Basis Credit Report, you will receive a consent form that must be signed by the business owners or directors.
CTOS Basis consent form: A representative from CTOS Basis will contact you to complete the consent process for the CTOS Basis report.
CBPR Plus consent form: This form is required to access the CBPR Plus report. You must obtain consent from the subject's business owner or director, and submit the completed consent form to CTOS.
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Providing consent
CTOS Basis Credit Report: The requesting party (subscriber) is responsible for obtaining consent from the data subject (e.g., director or business owner) and authorises CTOS Basis to conduct credit/trade checks on consented data subject(s).
CBPR Plus:The requesting party (subscriber) is responsible for obtaining consent from the data subject (e.g., director or business owner) and authorises CTOS Data Systems Sdn Bhd to conduct credit/trade checks on consented data subject(s).
Credit/trade check may be conducted for purposes like account opening, credit evaluation, monitoring, debt recovery, and legal documentation consequent to a contact or facility granted.
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Payment after consent
Once you have obtained and submitted the required consent(s), you will be instructed to proceed with the payment. Payment for CBPR Plus and CTOS Basis Credit Report is typically completed via bank transfer, and you must send the bank transfer receipt back to CTOS after payment. This ensures that all necessary steps are followed for your report to be processed.
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Receiving your report
CTOS Basis Credit Report: After consent is secured, a representative from CTOS Basis will finalise the process. The CTOS Basis report will be fulfilled within 5 working days, after which it will be sent to you via email.
CBPR Plus: After CTOS receives the signed consent form and payment, the CBPR Plus report will be emailed to you within 3 working days.
Conclusion
By understanding the consent requirements and following the steps outlined above, you can ensure a seamless process when ordering CBPR Plus or CTOS Basis Credit Reports. This due diligence will provide you with the essential insights to make informed business decisions.
For more information or to order your CTOS One-Off Credit Report, visit CTOS Business Report.