Ƶ

Collateral Account Control Agreement Template for Denmark

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Collateral Account Control Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Collateral Account Control Agreement

I need a Danish law Collateral Account Control Agreement for a single EUR account held by our corporate borrower with Danske Bank, to be signed by March 2025; this is part of a standard corporate loan facility and should include basic account monitoring rights with the ability to take control upon default.

What is a Collateral Account Control Agreement?

The Collateral Account Control Agreement is a fundamental document in secured financing transactions under Danish law, implementing both local regulations and EU directives. It is used when a lender or security holder requires control over bank accounts as collateral security, typically in project finance, acquisition finance, or general corporate lending scenarios. The agreement ensures that the security interest in the accounts is properly perfected under Danish law and provides the secured party with the necessary control rights. The document establishes clear procedures for account operation, including how and when the secured party can take exclusive control, the account bank's obligations to follow instructions, and the account holder's permitted activities. This type of agreement is particularly important in Denmark due to specific requirements under the Danish Act on Financial Collateral Arrangements and the Danish Securities Trading Act.

What sections should be included in a Collateral Account Control Agreement?

1. Parties: Identifies the account holder (pledgor), secured party, and account bank as parties to the agreement

2. Background: Sets out the context of the agreement, including reference to the underlying security arrangement and the purpose of the account control agreement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

4. Account Control and Security Interest: Establishes the secured party's control over the account and confirms the security interest

5. Account Bank's Rights and Obligations: Details the account bank's obligations regarding account maintenance and following instructions

6. Secured Party's Rights and Instructions: Specifies the secured party's rights to give instructions and control the account

7. Account Holder's Rights and Obligations: Defines the account holder's limited rights to access the account and their ongoing obligations

8. Notice of Exclusive Control: Procedures for the secured party to exercise exclusive control over the account

9. Fees and Expenses: Sets out the fee arrangement and responsibility for expenses

10. Representations and Warranties: Standard representations and warranties from all parties

11. Account Bank's Liability and Indemnification: Limits on account bank's liability and indemnification provisions

12. Termination: Circumstances and procedures for terminating the agreement

13. Notices: Procedures for giving notices under the agreement

14. Governing Law and Jurisdiction: Specifies Danish law as governing law and jurisdiction for disputes

15. Miscellaneous: Standard boilerplate provisions including amendments, assignments, and severability

What sections are optional to include in a Collateral Account Control Agreement?

1. Multiple Accounts: Additional provisions for when the agreement covers multiple accounts - include when more than one account is subject to control

2. Foreign Law Security: Additional provisions when the underlying security agreement is governed by foreign law - include when applicable

3. Regulatory Compliance: Specific provisions addressing regulatory requirements - include when parties are regulated entities

4. Electronic Communications: Provisions for electronic instruction and communication systems - include when parties agree to use electronic systems

5. Standing Instructions: Provisions for handling standing or recurring instructions - include when regular transfers are contemplated

6. Currency Provisions: Special provisions for handling multiple currencies - include when account may hold multiple currencies

What schedules should be included in a Collateral Account Control Agreement?

1. Schedule 1 - Account Details: Details of the controlled account(s) including account numbers and account bank branch information

2. Schedule 2 - Authorized Persons: List of persons authorized to give instructions on behalf of the secured party and account holder

3. Schedule 3 - Form of Notice of Exclusive Control: Template notice to be used by secured party to exercise exclusive control

4. Schedule 4 - Operating Procedures: Detailed procedures for account operation, including cut-off times and processing requirements

5. Schedule 5 - Fee Schedule: Details of the account bank's fees and charges

6. Schedule 6 - Form of Release Notice: Template notice for releasing control over the account upon termination

7. Appendix A - Specimen Signatures: Specimen signatures of authorized signatories for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















































Clauses




































Relevant Industries

Banking

Financial Services

Investment Management

Corporate Lending

Asset Management

Private Equity

Insurance

Capital Markets

Commercial Real Estate

Infrastructure

Energy

Manufacturing

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Credit

Risk Management

Compliance

Banking Operations

Corporate Banking

Transaction Management

Securities Services

Client Services

Documentation

Relevant Roles

Legal Counsel

Finance Director

Treasury Manager

Relationship Manager

Credit Officer

Security Agent

Collateral Manager

Account Manager

Risk Manager

Compliance Officer

Transaction Manager

Corporate Banker

Investment Manager

Chief Financial Officer

Legal Director

Banking Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Security Interest Contract

A Danish law-governed agreement creating a security interest over specified assets, detailing the collateral, secured obligations, and enforcement rights under Danish law.

find out more

Security Deposit Agreement

A Danish law-governed agreement establishing terms for managing and returning a security deposit, ensuring compliance with local deposit protection regulations.

find out more

Pledge Agreement

A Danish law security document creating a pledge over specified assets, detailing terms and enforcement rights in accordance with Danish legal requirements.

find out more

Security Interest Agreement

A Danish law-governed agreement establishing security interests over assets, detailing creation, perfection, and enforcement rights in compliance with Danish property law.

find out more

Collateral Account Control Agreement

A Danish law agreement establishing control over bank accounts as collateral, between an account bank, account holder, and secured party.

find out more

Shareholder Agreement Transfer Of Shares

A Danish law-governed agreement documenting the transfer of company shares between shareholders, outlining terms, conditions, and regulatory compliance requirements.

find out more

Title Transfer Collateral Agreement

Danish law-governed agreement for transferring ownership of financial collateral between parties, compliant with Danish and EU financial regulations.

find out more

Commercial Security Agreement

A Danish law-governed agreement establishing security interests over commercial assets to secure business obligations.

find out more

Stock Lending Agreement

Danish law-governed Stock Lending Agreement establishing the framework for securities lending transactions between institutional parties, compliant with Danish and EU regulations.

find out more

Convertible Note Agreement

A Danish law-governed agreement documenting terms of a debt investment that can convert to equity shares, combining debt financing with future equity participation rights.

find out more

Security Loan Agreement

A Danish law-governed agreement establishing terms for temporary transfer of securities against collateral, incorporating local financial regulations and EU directives.

find out more

Master Repurchase Agreement

Danish law-governed framework agreement for repurchase transactions between financial institutions, establishing terms for securities sale and repurchase arrangements.

find out more

Intercreditor Agreement

A Danish law-governed agreement establishing priorities and relationships between different classes of creditors in a financing transaction, including debt ranking, payment priorities, and enforcement rights.

find out more

Intellectual Property Security Agreement

A Danish law agreement creating security interests over intellectual property assets as collateral for financial obligations.

find out more

Pledge Of Shares Agreement

A Danish law security document creating a pledge over shares as collateral, setting out terms for share security, voting rights, and enforcement.

find out more

Overnight Reverse Repurchase Agreement

Danish law-governed agreement for overnight reverse repurchase transactions, establishing terms for securities purchase and repurchase between financial counterparties.

find out more

Loan Collateral Agreement

A Danish law agreement establishing security interests over assets to secure loan obligations, compliant with Danish secured transactions law and registration requirements.

find out more

Account Pledge Agreement

A Danish law security document creating a pledge over bank accounts and their contents in favor of a lender or security agent.

find out more

Reverse Repurchase Agreement

Danish law-governed agreement for securities purchase with repurchase commitment, structured under Danish financial regulations and market practices.

find out more

Negative Pledge Agreement

A Danish law-governed agreement preventing a borrower from creating security interests over its assets in favor of other creditors, protecting the lender's position without taking actual security.

find out more

Security Lending Agreement

Danish law-governed agreement establishing terms for securities lending transactions, including collateral requirements and regulatory compliance.

find out more

Cash Collateral Agreement

Danish law-governed agreement establishing terms for cash collateral arrangements in financial transactions, compliant with Danish financial regulations and EU directives.

find out more

Deposit Control Agreement

A Danish law-governed agreement establishing control mechanisms for deposits held by a bank on behalf of a depositor and beneficiary.

find out more

Stock Repurchase Agreement

find out more

General Security Agreement

find out more

Holding Deposit Contract

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.