Document background
The Credit Facility Agreement is a fundamental document in Singapore's financial landscape, used when a lender extends credit to a borrower. It encompasses various financing arrangements including term loans, revolving facilities, and trade finance. The agreement must comply with Singapore's robust regulatory framework, including MAS guidelines and banking regulations. It typically includes detailed provisions on facility limits, interest calculations, security requirements, representations and warranties, and events of default. This document is essential for both secured and unsecured lending transactions in Singapore's financial market.
