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Accounts Receivable Purchase Agreement for Indonesia

Accounts Receivable Purchase Agreement Template for Indonesia

A comprehensive legal agreement governed by Indonesian law that facilitates the sale and transfer of accounts receivable from a business (Seller) to a financial institution or factoring company (Buyer). The agreement is structured in compliance with Indonesian civil law and financial regulations, particularly OJK Regulation No. 29/POJK.05/2014 and Law No. 42 of 1999 on Fiduciary Security. It details the terms and conditions of the receivables purchase, including pricing mechanisms, eligibility criteria, representations and warranties, servicing arrangements, and rights and obligations of all parties involved in the transaction.

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Accounts Receivable Purchase Agreement

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What is a Accounts Receivable Purchase Agreement?

The Accounts Receivable Purchase Agreement is a vital financial instrument in Indonesian business operations, enabling companies to improve their working capital position by monetizing their accounts receivable. This document is typically used when a business wants to sell its receivables to a financial institution or factoring company in exchange for immediate cash, often at a discount. The agreement must comply with Indonesian financial regulations, particularly those issued by the Financial Services Authority (OJK) and Bank Indonesia. It includes detailed provisions for the purchase mechanism, pricing, servicing arrangements, and risk allocation between parties. The document is especially relevant in the current Indonesian business environment where companies seek alternative financing solutions and working capital optimization. The agreement can be structured either as a one-time purchase or as an ongoing program with multiple purchases over time.

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

1. Parties: Identification of the Seller (originator of receivables) and Buyer (purchaser/factor), including their complete legal names, registration numbers, and addresses

2. Background: Context of the agreement, business relationship, and general purpose of the receivables purchase arrangement

3. Definitions and Interpretation: Detailed definitions of key terms used throughout the agreement and rules of interpretation

4. Purchase and Sale of Receivables: Core transaction mechanics, including purchase price calculation, true sale provisions, and transfer mechanism

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

6. Purchase Price and Payment Terms: Calculation method for purchase price, payment timing, and any adjustments or deductions

7. Representations and Warranties: Standard and transaction-specific representations and warranties from both parties

8. Servicing and Collections: Requirements for servicing the receivables, including collection procedures and reporting

9. Information and Reporting Requirements: Ongoing reporting obligations, including frequency and content of reports

10. Events of Default: List of events constituting default and corresponding remedies

11. Indemnification: Mutual indemnification obligations and procedures

12. Term and Termination: Duration of the agreement and termination rights

13. Confidentiality: Protection of confidential information and trade secrets

14. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms

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

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

1. Security Arrangements: Required if additional security or collateral is provided beyond the receivables themselves

2. Credit Insurance: Include if credit insurance is part of the transaction structure

3. Electronic Platform Provisions: Required if the parties use an electronic platform for receivables submission and reporting

4. Parent Company Guarantee: Include if there is a parent company guarantee supporting the seller's obligations

5. Data Protection: Required if the transaction involves processing of personal data

6. Foreign Currency Provisions: Include if the receivables or payments involve foreign currencies

7. Bank Account Structure: Required if there is a complex payment or collection account structure

8. Compliance with Sharia Law: Include if the transaction needs to be Sharia-compliant

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

1. Schedule 1 - Eligibility Criteria: Detailed list of criteria for eligible receivables

2. Schedule 2 - Form of Purchase Request: Standard form for requesting purchase of receivables

3. Schedule 3 - Calculation of Purchase Price: Detailed methodology for calculating the purchase price

4. Schedule 4 - Required Documents: List of documents required for each receivable purchase

5. Schedule 5 - Form of Servicing Report: Template for periodic servicing reports

6. Schedule 6 - Power of Attorney: Standard form of power of attorney for collections

7. Schedule 7 - Notice to Debtors: Template for notifying debtors of the assignment

8. Appendix A - Initial Receivables Portfolio: Details of the initial portfolio of receivables being purchased

9. Appendix B - Operating Procedures: Detailed operational procedures for the program

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

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Financing Agreement

Cost

Free to use
Relevant legal definitions

















































Clauses




































Relevant Industries

Banking & Financial Services

Manufacturing

Wholesale Trade

Retail

Technology

Healthcare

Construction

Logistics & Transportation

Telecommunications

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit

Risk Management

Operations

Compliance

Commercial

Accounts Receivable

Business Development

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Credit Manager

Legal Counsel

Corporate Lawyer

Financial Controller

Accounts Receivable Manager

Risk Manager

Operations Director

Commercial Director

Managing Director

Compliance Officer

Business Development Manager

Transaction 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

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