Legally secure contracts
Debitos offers all market participants legally secure agreements
The trading of receivables is governed by many regulatory requirements. According to tax law the correct payment of value added tax and the calculation of economic key figures must be observed. The strict requirements of the Federal Data Protection Act must be followed according to data protection law in the processing of personal data.
Lastly the Bundesanstalt für Finanzdiensleistungsaufsicht (BaFin) (Federal Financial Supervisory Authority) ensures compliance with the Kreditwesengesetzes (KWG) (German Banking Act). There are also regulations which have a strong influence on the sale of receivables. During the development of the Secondary Debt Market, Debitos has considered all regulations.
This is how our agreement with the administrative agencies was reached
Debitos observed the relevant provisions of the finance and data protection authority and of the regulations given by the BaFin in the agreement, and also submitted it in parts for acceptance.
The result is an agreement that observes these regulations and ensures legal security between the market participants.
Your data is encrypted
At Debitos we move in a sensitive data environment and consequently we attach particular importance to ensuring that your data is not exposable to third parties. One way of ensuring data integrity is SSL encryption.
SSL stands for Secure Sockets Layer and is a method of sending data between sender and recipient with 256 bit encryption. That means the transmitting computer encrypts the data and sends it to the recipient, who is the only person who can decrypt and read it. Since we place the greatest importance on the security of our customer data, we have selected the market leader GeoTrust for the encryption of data.
GeoTrust is a worldwide market leader when it comes to the secure SSL encryption of your data. It is easy to ascertain when a service provider uses GeoTrust by means of the GeoTrust certificate. To check you simply need to click on the “Secured by GeoTrust” Emblem at the bottom of our home page. A pop-up appears that shows the validity of our certificate.
This is how our SSL encryption works
- Your computer (client) connects with a computer in the internet (server).
- The server sends a certificate back. Your computer verifies the authenticity of the certificate with a trust centre.
- A session key is generated and all data exchanged with the server is transmitted in encrypted form.
Secure computer centre
KWG compliant computer centre
At Debitos we move in a sensitive data environment and consequently we attach particular importance to storing your data in a secure computer centre. We have thus selected a KWG (German Banking Act) compliant computer centre for you. “KWG compliant” signifies that it fulfils the high requirements of German Banking Law and consequently it is appropriate for storing customer data of banks.
These requirements include, for example, strict access controls; safeguarding against failure through different electricity suppliers; fire safety measures; and backup computers etc.
Although Debitos is not a bank, we have voluntarily taken on this responsibility and sited our entire website operation in the Microsoft Azure data center.
Complies with the requirements of the KWG
The Microsoft Azure data center fulfils the requirements of §25a of the KWG in terms of data processing.
Strict rules govern access to the Microsoft Azure data center. Only selected employees may allowed access to the secure area for maintenance work.
All data is saved twice, so that in the case of a server outage the data is also saved on a second server.
Double-secure Data protection
Protection of your data is important for us
The internet and its constant flow of information open up new opportunities, but also new risks. Debitos has therefore already attached particular importance in the development of our platform to observing all areas of data protection law.
The Federal Data Protection Act contains strict regulations relating to the processing of personal data. We have developed procedures with our data protection officer for Debitos which take these regulations into account. Furthermore we have voluntarily made the decision to operate our Secondary Debt Market of Debitos in a computer centre which fulfils the high security requirements of a bank.
The Federal Data Protection Act
The Federal Data Protection Act (BDSG) regulates the processing of personal data.
Data protection authorities
The data protection authorities monitor compliance with the BDSG.
Data Protection Officer
Our data protection officer is an independent person accessible to all Debitos users.
The contact details of the data protection officer are:
2B Advice GmbH
– Marco Schröder –
Telefon: +49-228-92 61 65 100