BC-B.5.10

Past version: Effective from 01 Jul 2015 to 30 Sep 2015
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Negative selling occurs when a bank provides unordered services/products to a customer and then bills the customer. Often, the supply is accompanied by a form of notice instructing the customer that if the offer is not rejected within a certain time, the bank will send an invoice or debit an existing account or line of credit. Detailed rules on negative selling are otherwise contained in BC-9.6.12.

Added: July 2015