This Accounts Receivable Financing Agreement is designed for use in the Australian market when businesses seek to monetize their accounts receivable for working capital purposes. It provides a comprehensive framework for the sale and purchase of receivables, incorporating requirements under Australian law, particularly the Personal Property Securities Act 2009 (Cth) and other relevant financial services legislation. The agreement is suitable for businesses of various sizes that generate significant receivables and need to optimize their working capital cycle. It includes detailed provisions for the purchase mechanism, pricing, operational procedures, compliance requirements, and security arrangements, while ensuring alignment with Australian regulatory requirements and market practices.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the financing party (typically a financial institution) and the client (the business selling its receivables)
2. Background: Context of the financing arrangement and brief description of the business relationship
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules for interpretation
4. Facility and Purchase Mechanism: Details of the financing facility, including limits, purchase price calculations, and mechanics of receivables purchases
5. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase under the facility
6. True Sale and Assignment: Provisions ensuring valid sale and assignment of receivables, including perfection requirements under PPSA
7. Representations and Warranties: Standard and transaction-specific representations and warranties from the client
8. Operational Procedures: Procedures for offering receivables, notifications, payments, and reconciliation
9. Fees and Charges: All applicable fees, charges, and discount rates
10. Covenants: Positive and negative covenants applicable to the client
11. Events of Default: Circumstances constituting default and consequences
12. Collection and Servicing: Procedures for collection of receivables and servicing arrangements
13. Security: Security arrangements and PPSA requirements
14. Termination: Termination events and procedures
15. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments
1. Credit Insurance: Required when credit insurance is part of the arrangement to protect against debtor defaults
2. Cross-Border Provisions: Needed when the receivables involve international debtors or cross-border elements
3. Electronic Trading Platform: Required when the facility operates through an electronic platform or portal
4. Reserve Account: Included when a reserve account mechanism is used for risk management
5. Debtor Concentration Limits: Required when specific concentration limits apply to individual debtors
6. Field Examination: Included when the financier requires rights to conduct periodic field examinations
7. Program Manager: Required when a third-party program manager is involved in administering the facility
1. Schedule 1 - Eligibility Criteria: Detailed list of criteria for eligible receivables
2. Schedule 2 - Approved Debtors: List of pre-approved debtors and their respective limits
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and calculation methodologies
4. Schedule 4 - Form of Offer Notice: Template for offering receivables for purchase
5. Schedule 5 - Operational Procedures: Detailed procedures for day-to-day operations
6. Schedule 6 - Required Reports: Templates and requirements for periodic reporting
7. Schedule 7 - Power of Attorney: Form of power of attorney for perfecting assignments
8. Appendix A - Technology Requirements: Technical specifications for electronic interfaces if applicable
9. Appendix B - Compliance Checklist: Checklist for ongoing compliance requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Wholesale Trade
Retail
Construction
Professional Services
Healthcare
Technology
Transportation and Logistics
Agriculture
Mining and Resources
Media and Entertainment
Telecommunications
Relevant Teams
Finance
Legal
Treasury
Credit and Collections
Operations
Risk Management
Compliance
Commercial
Business Development
Portfolio Management
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Credit Controller
Accounts Receivable Manager
Financial Controller
Legal Counsel
Commercial Director
Risk Manager
Operations Manager
Credit Manager
Compliance Officer
Business Development Manager
Relationship Manager
Portfolio Manager
Find the exact document you need
Evergreen Loan Agreement
An Australian law-governed perpetual loan facility agreement establishing an ongoing credit arrangement with automatic renewal provisions.
find out more
Personal Car Loan Contract
An Australian-law governed loan agreement for personal vehicle financing, compliant with national consumer credit legislation.
find out more
Cash Loan Simple Loan Agreement
An Australian-law governed agreement establishing terms and conditions for a monetary loan between a lender and borrower, compliant with national credit protection regulations.
find out more
Generic Loan Agreement
An Australian law-governed agreement establishing the terms and conditions for a loan between parties, including amount, interest, repayment terms, and security arrangements.
find out more
Term Loan Agreement Non Regulated
An Australian law-governed agreement for a fixed-term commercial loan facility, setting out terms and conditions for business lending outside consumer credit regulations.
find out more
Simple Equipment Loan Agreement
An Australian-compliant agreement governing the temporary loan of equipment between parties, including terms, conditions, and responsibilities.
find out more
Model Loan Agreement
An Australian-compliant template loan agreement covering essential lending terms and regulatory requirements for use in commercial and consumer lending contexts.
find out more
Facility Loan Agreement
An Australian law-governed agreement establishing terms and conditions for a loan facility, including facility amount, interest rates, repayment terms, and security arrangements.
find out more
Computer Equipment Loan Agreement
An Australian-law governed agreement establishing terms for temporary computer equipment loans, including usage conditions, maintenance responsibilities, and return procedures.
find out more
Standard Loan Agreement
An Australian-law governed agreement establishing terms for financial lending, including loan amount, interest, repayment terms, and security arrangements.
find out more
Master Securities Loan Agreement
An Australian law-governed agreement template for securities lending transactions between financial institutions, establishing terms for securities loans and collateral arrangements.
find out more
Film Equity Investment Agreement
Australian-law governed agreement for equity investment in film production, establishing investment terms, rights, and revenue sharing arrangements.
find out more
Co Financing Agreement
An Australian law-governed agreement establishing terms for multiple lenders to jointly provide financing to a borrower, subject to Australian banking and corporate regulations.
find out more
OverFacility Agreement
An Australian-law agreement establishing an overdraft facility between a financial institution and borrower, detailing credit limits, terms, and obligations.
find out more
Investment Loan Contract
An Australian law-governed agreement establishing terms and conditions for investment financing, including loan details, security arrangements, and regulatory compliance requirements.
find out more
Tripartite Loan Agreement
An Australian-law governed agreement establishing a three-way lending arrangement between a lender, borrower, and third party, detailing loan terms and party obligations.
find out more
Loan And Mortgage Agreement
An Australian law-governed agreement establishing loan terms and mortgage security arrangements over real property, compliant with national credit and property legislation.
find out more
Lease Hire Agreement
An Australian-compliant agreement governing the terms and conditions for hiring assets or equipment, suitable for both business and consumer leasing arrangements.
find out more
Hire Purchase Agreement For Car
An Australian law-compliant agreement for purchasing a vehicle through structured payments, with ownership transferring to the buyer upon final payment.
find out more
Deed Of Accession Loan Agreement
An Australian law-governed deed enabling a new party to join and assume rights and obligations under an existing loan agreement.
find out more
Co Borrower Loan Agreement
An Australian legal agreement establishing terms and conditions for multiple borrowers to jointly obtain and repay a loan, subject to Australian federal and state lending laws.
find out more
Bike Hire Purchase Agreement
An Australian law-governed agreement for the hire purchase of bicycles, establishing payment terms, usage conditions, and ownership transfer upon final payment.
find out more
Bridge Loan Contract
An Australian law-governed agreement for short-term interim financing, establishing loan terms, security arrangements, and repayment conditions.
find out more
Undertaking Loan Agreement
An Australian law-governed loan agreement detailing terms, conditions, and undertakings for financial accommodation between lender and borrower.
find out more
Trade Finance Agreement
An Australian law-governed agreement establishing trade finance facilities between a bank and borrower, detailing products, terms, and security arrangements.
find out more
Separation Financial Agreement
An Australian legal document that formalizes financial arrangements between separating couples under the Family Law Act 1975, detailing asset division and financial responsibilities.
find out more
Seller Financing Car Contract
An Australian contract for selling a vehicle with seller-provided financing, compliant with national consumer credit and state vehicle regulations.
find out more
Real Estate Loan Agreement
An Australian-law governed agreement establishing terms and conditions for a property-secured loan, including lending terms and security arrangements.
find out more
Mezzanine Loan Agreement
Australian law-governed agreement establishing terms for subordinated debt financing, including facility terms, security arrangements, and subordination mechanics.
find out more
Margin Loan Agreement
An Australian-compliant agreement governing margin lending arrangements between a financial institution and borrower, including security provisions and regulatory requirements.
find out more
Loan Swap Agreement
An Australian law-governed agreement for exchanging loan payment obligations between parties, typically involving different interest rates or currencies.
find out more
Loan Note Agreement
An Australian-law governed agreement documenting the issuance of debt securities, setting out terms for borrowing, repayment, and parties' rights and obligations.
find out more
Loan Agreement Between Spouses
An Australian-compliant loan agreement for use between married spouses, documenting loan terms and conditions while ensuring protection under family law.
find out more
Financial Support Agreement
An Australian law-governed agreement establishing terms and conditions for providing financial support between parties, including payment terms, conditions, and compliance requirements.
find out more
Financial Assistance Agreement
An Australian-law governed agreement establishing terms for providing financial assistance, including funding conditions, repayment terms, and party obligations.
find out more
Financial Agreement Between Two Parties
An Australian law-governed agreement establishing financial arrangements between two parties, including payment terms, security provisions, and regulatory compliance requirements.
find out more
Equity Funding Agreement
An Australian-law governed agreement that sets out the terms and conditions for equity investment in a company, including share issuance, investor rights, and governance arrangements.
find out more
Equipment Lease Purchase Agreement
An Australian-compliant agreement combining equipment leasing with a purchase option, allowing businesses to lease equipment with the possibility of ownership.
find out more
Equipment Lease Agreement With Option To Purchase
An Australian law-governed agreement allowing equipment lease with future purchase rights, combining rental flexibility with acquisition options.
find out more
Car Mortgage Agreement
An Australian-law governed agreement creating a security interest over a motor vehicle as collateral for a loan, compliant with national credit and personal property security legislation.
find out more
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)