Must Learn

Question 1

What is a D&B rating?

Answer 1

• Financial strength – Based on Tangible Net Worth from the latest financial accounts (e.g 2A). Goes from 5A to H.
• Risk Indicator – Goes from 1-4 (4 highest risk).
  1. Minimum data
  2. High risk parent
  3. Detrimental legal events
  4. Possible fraudulent activities

Question 2

What is included within a D&B rating?

Answer 2

• Credit Rating
• 5 years accounts
• Profit and loss account
• Balance sheet
• Parent/subsidiary company details
• Director’s names and addresses
• UK Govt sanctions

Question 3

What are the 8 individual rights?

Answer 3

8 individual rights:
* Right to be Informed
* Right of Access
* Right to data Portability (to use for their own purposes)
* Right to Object
* Right of Rectification
* Right to Restrict processing
* Right to Erasure
* Right to automated decision making and Profiling (undertaken by insurance companies

Question 4

What does VPGA stand for?

Answer 4

Valuation practice guidance application

Question 5

What you call the person in your company who ensures data protection laws?

Answer 5

Data Controller