Clause 35

that relates to —

the opening or closing by a person of an account with the institution;

the operation by a person of an account with the institution;

the opening or use by a person of a deposit box held by the institution;

the telegraphic or electronic transfer of funds by the institution on behalf of a person to another person;

the transmission of funds between Singapore and a foreign country or between foreign countries on behalf of a person; or

an application by a person for a loan from the institution (where a loan is made to the person pursuant to the application); and

that is given to the institution by or on behalf of the person (whether or not the document is signed by or on behalf of the person);“essential customer generated financial transaction document”, in relation to a financial institution, means a customer generated financial transaction document other than a document that relates to the operation of an account held with the institution;“financial transaction document”, in relation to a financial institution, means any document that relates to a financial transaction carried out by the institution in its capacity as a financial institution and, without limiting the generality of this, includes a document relating to —

the opening, operating or closing of an account held with the institution; and

the opening or use of a deposit box held by the institution,but does not include a cheque or payment order;“minimum retention period”, in relation to a financial transaction document of a financial institution, means —

if the document relates to the opening of an account with the institution, the period of 6 years after the day on which the account is closed;

if the document relates to the opening by a person of a deposit box held by the institution, the period of 6 years after the day on which the deposit box ceases to be used by the person; or

in any other case, the period of 6 years after the day on which the transaction takes place.