Document background
The Creditor Agreement is a fundamental document used in financial transactions under Belgian law to establish and regulate credit relationships between parties. It is typically employed when a creditor (such as a bank, financial institution, or private lender) extends credit to a debtor (whether a corporation or individual). The agreement details all crucial aspects of the credit relationship, including the facility amount, interest rates, repayment terms, security arrangements, and events of default. It must comply with Belgian financial regulations, the Civil Code, and relevant EU directives, particularly regarding financial services and consumer protection. The document is essential for protecting the creditor's interests while ensuring clear terms for the debtor, and it serves as the primary reference point for managing the ongoing credit relationship and resolving any disputes that may arise.
