��������Ƶ

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.

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