Ƶ

Account Receivable Purchase Agreement Template for Singapore

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

4.6 / 5
4.8 / 5

Let's create your Account Receivable Purchase 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:

Account Receivable Purchase Agreement

"Need an Account Receivable Purchase Agreement for our Singapore manufacturing company to sell $5M worth of receivables to DBS Bank, with monthly settlements and a 90% advance rate, to be completed by March 2025."

What is a Account Receivable Purchase Agreement?

The Account Receivable Purchase Agreement is a crucial financing instrument in Singapore's commercial landscape, enabling businesses to monetize their accounts receivable for immediate working capital. This agreement, governed by Singapore law, facilitates the transfer of receivables from sellers to financial institutions or other buyers, detailing the terms of sale, representations and warranties, and compliance requirements. It's particularly valuable for businesses seeking to improve cash flow without traditional borrowing, while ensuring compliance with Singapore's regulatory framework, including MAS guidelines and relevant commercial legislation.

What sections should be included in a Account Receivable Purchase Agreement?

1. Parties: Identification of buyer and seller of receivables

2. Background: Context of the transaction and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Purchase and Sale: Core terms of the receivables purchase

5. Purchase Price and Payment: Pricing mechanism and payment terms

6. Representations and Warranties: Statements of fact and assurances by parties

7. Covenants: Ongoing obligations of the parties

8. Events of Default: Circumstances constituting breach and consequences

9. Termination: Conditions and process for terminating the agreement

10. Governing Law and Jurisdiction: Laws governing the agreement and dispute resolution

What sections are optional to include in a Account Receivable Purchase Agreement?

1. Security Arrangements: Additional security measures when collateral is required

2. Credit Enhancement: Additional credit support mechanisms for risk mitigation

3. Cross-Border Provisions: Special provisions for international receivables transactions

4. Servicing Arrangements: Terms for collection and servicing of receivables if not handled by seller

5. True Sale Provisions: Enhanced provisions to ensure transaction qualifies as true sale

What schedules should be included in a Account Receivable Purchase Agreement?

1. Schedule of Receivables: Detailed list of receivables being purchased including key information

2. Eligibility Criteria: Specific criteria that receivables must meet to be eligible for purchase

3. Form of Purchase Notice: Template for notification of purchase of receivables

4. Form of Assignment: Template for formal assignment documentation

5. Debtor Notification Template: Standard form for notifying debtors of the assignment of receivables

6. Pricing Schedule: Detailed pricing methodology and calculations

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



































Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters and contractual relationships in Singapore

Sale of Goods Act (Cap. 393): Regulates the sale of goods and related transactions, relevant for receivables arising from sale contracts

Companies Act (Cap. 50): Governs corporate entities and their operations, including requirements for corporate transactions

Securities and Futures Act (Cap. 289): Regulates financial products and services, relevant if receivables are securitized or traded

Banking Act (Cap. 19): Governs banking operations and financial institutions involved in receivables financing

Conveyancing and Law of Property Act (Cap. 61): Covers the transfer and assignment of property rights, including receivables

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in commercial transactions

Consumer Protection (Fair Trading) Act: Protects consumer interests in commercial transactions, including those giving rise to receivables

Moneylenders Act: Regulates money lending activities, may be relevant for certain receivables financing arrangements

Insolvency, Restructuring and Dissolution Act 2018: Governs insolvency proceedings and creditor rights, crucial for receivables purchase arrangements

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore affecting financial transactions

Anti-Money Laundering Regulations: Compliance requirements for preventing money laundering in financial transactions

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

Current Account Agreement

A Singapore-law governed agreement establishing terms for operating a current account between a bank and account holder.

find out more

Checking Account Agreement

A Singapore-compliant legal agreement establishing terms and conditions for operating a checking account between a bank and account holder.

find out more

Pledged Collateral Account Control Agreement

A Singapore law agreement establishing control over a pledged account as collateral security between an account bank, secured party, and account holder.

find out more

Bank Deposit Agreement

A Singapore-law governed agreement establishing terms and conditions between a bank and depositor for deposit account services.

find out more

Bank Account Control Agreement

A Singapore law-governed tripartite agreement establishing control over bank accounts in secured financing arrangements.

find out more

Collateral Account Agreement

A Singapore law agreement establishing security over bank accounts and their contents, governing rights and control mechanisms between parties.

find out more

Account Control Agreement Collateral

A Singapore law-governed tripartite agreement establishing control over bank accounts as collateral security.

find out more

Checking Agreement

A Singapore law-governed agreement establishing terms and conditions for operating a checking account between a bank and account holder.

find out more

Client Account Agreement

A Singapore-law governed agreement establishing terms and conditions for client accounts with financial institutions.

find out more

Trust Account Agreement

A Singapore-law governed agreement establishing terms for managing trust assets in a designated account, compliant with local trust and banking regulations.

find out more

Letter Of Authorization To Debit Account

A Singapore-compliant authorization document allowing automatic debits from a specified bank account.

find out more

Cash Account Management Agreement

A Singapore-law governed agreement establishing terms for cash account management between financial institutions and clients.

find out more

Time Deposit Agreement

A Singapore-law governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor.

find out more

Notice Of Assignment Of Accounts Receivable

A Singapore-compliant notice informing debtors of the transfer of accounts receivable rights from assignor to assignee.

find out more

Blocked Account Control Agreement

A Singapore law-governed agreement establishing control over a bank account for security purposes.

find out more

Savings Account Agreement

A Singapore-law governed agreement establishing terms and conditions for operating a savings account between a bank and account holder.

find out more

Margin Agreement

A Singapore-law governed agreement establishing terms for margin trading and collateral requirements between financial institutions and clients.

find out more

Blocked Account Agreement

A Singapore law-governed agreement establishing and regulating a restricted bank account with specified release conditions.

find out more

Bank Account Agreement

A Singapore-law governed agreement establishing terms and conditions between a bank and account holder for the operation of bank accounts and related services.

find out more

Securities Account Control Agreement

A Singapore law-governed agreement establishing control rights over a securities account as collateral between a secured party, account holder, and securities intermediary.

find out more

Account Management Agreement

A Singapore-law governed agreement setting out terms for professional account management services, compliant with MAS regulations.

find out more

Joint Account Agreement

A Singapore-law governed agreement establishing terms for operating a shared bank account between multiple account holders.

find out more

Account Pledge Agreement

A Singapore law-governed agreement creating security over bank accounts as collateral for secured obligations.

find out more

Account Opening Agreement

A Singapore-law governed agreement establishing the terms and conditions for opening and maintaining a bank account, compliant with MAS regulations.

find out more

Certificate Of Deposit Agreement

A Singapore-law governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor.

find out more

Account Receivable Purchase Agreement

A Singapore-law agreement enabling the sale and transfer of accounts receivable between parties, typically used for financing purposes.

find out more

Accounts Receivable Assignment Agreement

A Singapore law agreement governing the transfer of accounts receivable from one party to another.

find out more

Deed Of Assignment Of Shares Of Stock

A Singapore law-governed deed that formally transfers share ownership from one party to another.

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.