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The Company Credit Card Agreement is essential for organizations operating in Hong Kong that provide corporate credit cards to their employees for business expenses. This document establishes a clear framework for corporate card usage, ensuring compliance with Hong Kong banking regulations, financial controls, and data privacy laws. It protects the company's interests while providing employees with necessary guidelines for appropriate card use. The agreement becomes particularly important in the context of Hong Kong's sophisticated financial services environment and the need for proper expense management and audit trails in business operations. It typically includes detailed provisions for card issuance, usage policies, reporting requirements, and security measures, aligned with local regulatory requirements and business practices.

1. Parties: Identification of the company and the employee receiving the credit card

2. Background: Context of the agreement and purpose of issuing company credit cards

3. Definitions: Key terms used throughout the agreement including 'Company Card', 'Authorized User', 'Credit Limit', etc.

4. Card Issuance and Ownership: Terms of card issuance, ownership rights, and card validity period

5. Authorized Use: Permitted uses of the credit card and scope of authorized transactions

6. Credit Limits: Specification of credit limits and processes for limit changes

7. User Responsibilities: Cardholder's obligations regarding card use, security, and reporting

8. Prohibited Uses: Specific restrictions and prohibited transactions

9. Security Measures: Required security protocols and safeguards for card use

10. Expense Reporting: Requirements and procedures for submitting expense reports and receipts

11. Payment Terms: Process for payment of credit card bills and handling of late payments

12. Monitoring and Compliance: Company's right to monitor usage and compliance requirements

13. Lost or Stolen Cards: Procedures for reporting and handling lost or stolen cards

14. Termination: Conditions and procedures for termination of card privileges

15. General Provisions: Standard legal provisions including governing law, amendments, and notices