¶¶Òõ¶ÌÊÓƵ

All Countries
Banking
Credit Support Agreement

Credit Support Agreement Template for South Africa

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

4.6 / 5
4.8 / 5

Let's create your Credit Support 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:

Credit Support Agreement

"I need a Credit Support Agreement under South African law for a bilateral arrangement between our mining company and a local bank, with basic credit support provisions and standard collateral requirements to be effective from March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Credit Support Agreement is a crucial document used in South African financial markets to mitigate credit risk between contracting parties. It is typically employed when one party seeks to secure its obligations to another through various forms of credit support, such as cash collateral, guarantees, or other eligible assets. The agreement must comply with South African financial regulations, including the National Credit Act 34 of 2005 and the Financial Advisory and Intermediary Services Act 37 of 2002. This document is essential in various contexts, including derivatives trading, lending arrangements, and other financial transactions where credit risk needs to be managed. The agreement outlines the mechanics of providing and maintaining credit support, including calculation methods, timing of transfers, eligible collateral types, and enforcement mechanisms, all within the framework of South African law.
Suggested Sections

1. Parties: Identification of the credit support provider, beneficiary, and any other relevant parties

2. Background: Context of the agreement, including reference to underlying obligations and purpose of the credit support

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including South African law-specific definitions

4. Credit Support Obligations: Core obligations of the credit support provider, including nature, extent, and conditions of support

5. Representations and Warranties: Standard and South Africa-specific representations and warranties from both parties

6. Support Calculation and Valuation: Methods for calculating and valuing credit support amounts

7. Delivery and Return of Credit Support: Procedures and timing for providing and returning credit support

8. Events of Default: Circumstances constituting default and consequences

9. Early Termination: Provisions for early termination and its consequences

10. Rights and Remedies: Legal rights and remedies available to parties under South African law

11. Costs and Expenses: Allocation of costs, expenses, and taxes

12. Notices: Communication procedures and contact details

13. Governing Law and Jurisdiction: Confirmation of South African law governance and jurisdiction

14. General Provisions: Standard boilerplate clauses adapted for South African law

Optional Sections

1. Multiple Currencies: Provisions for handling multiple currencies in credit support calculations and transfers

2. Interest Provisions: Terms for interest on cash collateral, if applicable

3. Regulatory Compliance: Specific provisions for compliance with additional regulatory requirements

4. Third Party Rights: Provisions regarding rights of third parties, if relevant

5. Security Interest: Detailed security interest provisions if credit support involves specific assets

6. Tax Provisions: Detailed tax provisions if complex tax implications exist

7. Agent Provisions: Terms governing appointment and role of agents, if applicable

8. Credit Support Adjustment: Mechanisms for adjusting credit support requirements based on rating changes or other triggers

Suggested Schedules

1. Credit Support Details: Detailed specifications of eligible credit support and valuation percentages

2. Calculation Methods: Detailed methodology for calculating exposure and credit support amounts

3. Notice Details: Complete contact information and notice requirements for all parties

4. Form of Demands: Standard forms for making demands under the agreement

5. Eligible Collateral: List and specifications of acceptable forms of collateral

6. Transfer Timing: Detailed timing requirements for transfers of credit support

7. Authorized Signatories: List of authorized signatories and specimen signatures

8. Required Documents: List of required supporting documentation and compliance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


























































Clauses








































Relevant Industries

Banking

Financial Services

Insurance

Investment Management

Corporate Finance

Asset Management

Trading and Commodities

Private Equity

Real Estate

Infrastructure

Mining

Energy

Relevant Teams

Legal

Treasury

Risk Management

Compliance

Finance

Credit

Operations

Trading

Collateral Management

Corporate Finance

Securities Operations

Relevant Roles

Chief Financial Officer

Treasury Manager

Risk Manager

Credit Risk Officer

Legal Counsel

Compliance Officer

Financial Controller

Corporate Finance Manager

Trading Manager

Collateral Manager

Finance Director

Commercial Director

Credit Manager

Securities Operations Manager

Relationship 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

Find the exact document you need

Individual Voluntary Credit Agreement

South African credit agreement template for voluntary credit arrangements between credit providers and individual consumers, compliant with the National Credit Act.

find out more

Credit Arrangement Letter

A South African law-compliant formal letter outlining credit facility terms and conditions, including regulatory disclosures and commitments under the National Credit Act.

find out more

Incidental Credit Agreement

A South African legal agreement governing incidental credit arrangements arising from deferred payments for goods or services, compliant with the National Credit Act.

find out more

Inter Credit Agreement

A South African law-governed agreement establishing credit facilities between financial institutions, detailing terms, conditions, and regulatory compliance requirements.

find out more

Credit Hire Agreement

A South African law-governed agreement combining credit provision with asset hiring, compliant with the National Credit Act and related regulations.

find out more

Credit Agreement Contract

South African law-compliant credit agreement establishing terms for credit extension, including mandatory consumer protections under the National Credit Act.

find out more

Standard Trade Credit Agreement

A South African law-governed agreement establishing terms for business-to-business trade credit arrangements, ensuring compliance with the National Credit Act and related legislation.

find out more

Line Of Credit Agreement And Note

A South African law-governed agreement establishing a revolving credit facility between lender and borrower, including the facility terms and associated promissory note.

find out more

Credit Repair Agreement

South African-law governed agreement between credit repair service providers and clients for credit rehabilitation services, compliant with NCA and CPA requirements.

find out more

Customer Credit Agreement

A South African law-governed agreement establishing credit terms between a credit provider and customer, compliant with the National Credit Act.

find out more

Credit Facility Term Sheet

A preliminary document outlining key terms and conditions for a proposed credit facility under South African law, serving as the basis for a detailed facility agreement.

find out more

Credit Card Settlement Agreement

A South African law-governed agreement documenting the terms for settling credit card debt at a reduced amount, compliant with the National Credit Act.

find out more

Unsecured Credit Agreement

South African law-compliant agreement for providing unsecured credit to consumers, governed by the National Credit Act.

find out more

Pro Forma Credit Agreement

South African law-compliant credit agreement template incorporating National Credit Act requirements and essential credit facility terms.

find out more

Personal Credit Agreement

A South African law-governed agreement establishing terms for personal credit between a credit provider and consumer, compliant with the National Credit Act.

find out more

Secured Credit Agreement

A South African law-governed agreement establishing terms for secured credit provision, including security arrangements and statutory requirements.

find out more

Credit Enhancement Agreement

A South African law-governed agreement establishing credit enhancement arrangements, detailing support mechanisms and regulatory compliance requirements.

find out more

Short Term Credit Agreement

A South African law-governed agreement for short-term credit facilities, compliant with the National Credit Act, detailing loan terms and parties' obligations.

find out more

Fixed Sum Credit Agreement

A South African law-governed agreement between a credit provider and consumer for a fixed-sum loan, compliant with the National Credit Act.

find out more

Credit And Security Agreement

A South African law-governed agreement combining credit facility terms with security arrangements, compliant with the National Credit Act and securing the lender's interests.

find out more

30 Day Credit Agreement

South African 30-day credit agreement template compliant with the National Credit Act, suitable for business and consumer credit arrangements.

find out more

Credit Service Agreement

A South African law-compliant agreement establishing terms for credit services provision, governed by the National Credit Act and related legislation.

find out more

Credit Default Swap Agreement

A South African law-governed agreement establishing terms for a credit default swap transaction, including credit protection mechanisms, settlement procedures, and regulatory compliance requirements.

find out more

Letter Of Credit Facility Agreement

A South African law-governed agreement establishing terms for a bank to issue letters of credit, including facility limits, security requirements, and regulatory compliance measures.

find out more

Commercial Credit Agreement

A South African law-governed agreement establishing terms for commercial credit facilities, compliant with the National Credit Act and related legislation.

find out more

Revolving Agreement

South African law-governed agreement establishing a revolving credit facility with NCA-compliant terms and conditions.

find out more

Letter Of Credit Reimbursement Agreement

A South African law-governed agreement establishing terms for customer reimbursement to banks for letters of credit payments, including security arrangements and compliance requirements.

find out more

Home Equity Agreement

A South African law-governed agreement allowing property owners to monetize their home equity by sharing future appreciation with an investor.

find out more

Business Credit Agreement

A South African law-governed agreement establishing terms for business credit facilities, compliant with the National Credit Act and related legislation.

find out more

Master Credit Agreement

A South African law-governed framework agreement establishing terms for ongoing credit facilities between lender and borrower.

find out more

Creditor Agreement

A South African law-governed agreement establishing terms and conditions between creditor and debtor for credit facilities or loans, ensuring compliance with the National Credit Act.

find out more

Credit Application Agreement

South African Credit Application Agreement template compliant with National Credit Act and related legislation, establishing terms for credit facility applications.

find out more

Revolving Line Of Credit Agreement

South African law-governed agreement establishing a revolving credit facility between lender and borrower, compliant with the National Credit Act.

find out more

Term Facility Agreement

A South African law-governed agreement setting out terms and conditions for a fixed-term loan facility between lender and borrower.

find out more

Employee Credit Card Agreement

A South African law-governed agreement setting out terms and conditions for employee use of company credit cards.

find out more

Consumer Credit Contract

A South African law-governed agreement between a credit provider and consumer for credit facilities, compliant with the National Credit Act and related legislation.

find out more

Money Lending Contract

A South African law-governed agreement establishing terms for money lending between parties, ensuring compliance with the National Credit Act and related legislation.

find out more

Credit Support Agreement

A South African law-governed agreement establishing terms for provision of credit support between parties, including collateral arrangements and regulatory compliance requirements.

find out more

Consumer Credit Agreement

A South African law-compliant agreement establishing terms and conditions for consumer credit provision under the National Credit Act.

find out more

Funds Transfer Agreement

A South African law-governed agreement establishing terms and conditions for executing funds transfers between financial institutions and their clients.

find out more

Credit Facilities Agreement

A South African law-governed agreement establishing terms for credit facilities between lender and borrower, compliant with the National Credit Act and related regulations.

find out more

Line Of Credit Agreement

A South African law-governed agreement establishing a revolving credit facility between lender and borrower, compliant with the National Credit Act.

find out more

Credit Assignment Agreement

A South African law-governed agreement for the transfer of credit rights from an assignor to an assignee, compliant with local financial regulations.

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.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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.

Read our Privacy Policy.