Receivables Purchase Agreement Template for Germany

1. True Sale Provisions: Specific provisions to ensure characterization as a true sale rather than security arrangement, important for accounting or regulatory purposes

2. Security Interest: Required if additional security is being provided for the Seller's obligations

3. Servicing Provisions: Needed if the Seller will continue to service the receivables post-sale

4. Credit Insurance: Relevant if receivables are credit insured and insurance rights are being transferred

5. Foreign Currency Provisions: Required if receivables are denominated in multiple currencies

6. Electronic Invoicing: Necessary for deals involving e-invoicing systems

7. VAT Provisions: Detailed VAT treatment if relevant to the receivables

8. Back-up Servicer: Required if a back-up servicer arrangement is part of the structure

1. Eligibility Criteria: Detailed criteria for receivables to be eligible for purchase

2. Form of Purchase Notice: Template for offering receivables for purchase

3. Form of Assignment: Standard form for German law assignment documentation

4. Debtor Notification Form: Template for notifying debtors of the assignment

5. Initial Receivables List: Details of receivables being purchased at closing

6. Servicer Reports: Templates for ongoing reporting of collections and receivables status

7. Compliance Certificate: Form for periodic compliance certification

8. Power of Attorney: Form of power of attorney for collection and enforcement

9. Bank Account Details: Specification of accounts for payments and collections