Inter Corporate Deposit Agreement Template for Belgium

The Inter Corporate Deposit Agreement is utilized when companies wish to establish a formal arrangement for the deposit of funds between corporate entities, typically to optimize cash management and treasury operations. This document becomes particularly relevant in group structures or between companies with strong business relationships where one entity has excess funds and another has funding needs. The agreement, governed by Belgian law, provides a comprehensive framework covering deposit terms, interest rates, withdrawal rights, and regulatory compliance. It includes specific provisions required under Belgian financial regulations and corporate law, addressing tax implications, anti-money laundering requirements, and corporate governance standards. The document is structured to ensure compliance with Belgian banking regulations while providing flexibility for the parties to manage their corporate treasury operations efficiently.

1. Parties: Identification of the depositor and deposit-taking entity, including registration details and addresses

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Deposit Terms: Core terms including deposit amount, currency, term, and any conditions precedent

5. Interest: Interest rate, calculation method, payment frequency and payment mechanics

6. Deposit and Withdrawal Mechanics: Procedures for making deposits and withdrawals, including notice requirements

7. Representations and Warranties: Standard corporate representations and specific financial representations from both parties

8. Covenants: Ongoing obligations of both parties during the term of the agreement

9. Events of Default: Circumstances constituting default and consequences

10. Early Termination: Conditions and process for early termination of the deposit

11. Payments and Calculations: Details of payment mechanics, business day conventions, and calculation methods

12. Tax Provisions: Treatment of taxes, including withholding tax obligations

13. Notices: Communication requirements and contact details

14. Governing Law and Jurisdiction: Confirmation of Belgian law governance and jurisdiction for disputes

15. Boilerplate Provisions: Standard contractual provisions including amendments, assignments, severability