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The Credit Approval Letter is a crucial document in Hong Kong's banking and finance sector, typically issued following a successful credit assessment of a potential borrower. It represents the bank's formal commitment to extend credit facilities subject to specified terms and conditions. The letter must adhere to Hong Kong's regulatory requirements, including the Banking Ordinance, Money Lenders Ordinance, and the Code of Banking Practice. It serves multiple purposes: documenting the bank's credit decision, communicating approved terms to the borrower, and establishing the framework for the subsequent banking relationship. The document is used across various lending scenarios, from corporate facilities to individual loans, and usually precedes the execution of detailed facility agreements. It typically includes key commercial terms, conditions precedent, security requirements, and regulatory disclosures specific to Hong Kong's banking environment.

1. Letter Header: Bank's letterhead, date, reference number, and addressee details

2. Facility Approval Confirmation: Clear statement confirming the approval of the credit facility

3. Borrower Information: Full legal name and address of the borrower

4. Facility Type and Amount: Specific type of credit facility approved and the approved amount

5. Key Terms and Conditions: Interest rate, tenure, repayment terms, and security requirements

6. Fees and Charges: All applicable fees, charges, and commissions

7. Conditions Precedent: Prerequisites that must be fulfilled before the facility becomes available

8. Important Notices: Key regulatory notices and warnings as required by Hong Kong regulations

9. Acceptance Instructions: Instructions on how to accept the offer and next steps

10. Validity Period: Period for which the approval remains valid