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1. Parties: Identifies and defines the Account Holder, Secured Party, and Depository Bank
2. Background: Explains the context of the agreement, including reference to any underlying security agreement
3. Definitions: Defines key terms used throughout the agreement
4. Deposit Account Control: Establishes the secured party's control over the deposit account and the nature of the security interest
5. Bank's Rights and Obligations: Sets out the bank's duties, responsibilities, and rights regarding the controlled account
6. Instructions and Notice Requirements: Specifies how instructions are to be given and acted upon, including notice requirements
7. Representations and Warranties: Contains basic representations and warranties from all parties
8. Security Interest and Control: Details the security interest granted and control mechanisms
9. Fees and Expenses: Specifies fees payable to the bank and allocation of expenses
10. Indemnification: Contains indemnification provisions protecting the bank
11. Termination: Specifies how and when the agreement can be terminated
12. Miscellaneous: Standard boilerplate provisions including governing law, jurisdiction, etc.
1. Multiple Account Provisions: Additional provisions when multiple accounts are subject to control
2. Special Instructions: Specific operational instructions for unique account handling requirements
3. Electronic Communications: Provisions for electronic instruction and communication methods
4. Foreign Currency Provisions: Special provisions for accounts held in foreign currencies
5. Regulatory Compliance: Additional provisions required for regulated entities or specific regulatory requirements
6. Direct Debit Arrangements: Provisions dealing with existing direct debit or standing instruction arrangements
7. Intercreditor Provisions: Provisions dealing with multiple secured parties or ranking of security interests
1. Schedule 1 - Account Details: Details of the controlled account(s) including account numbers and types
2. Schedule 2 - Authorized Persons: List of persons authorized to give instructions on behalf of the secured party
3. Schedule 3 - Notice Details: Contact details and notice requirements for all parties
4. Schedule 4 - Form of Notice: Standard form of notice for various communications under the agreement
5. Schedule 5 - Fee Schedule: Detailed breakdown of bank's fees and charges
6. Appendix A - Operating Procedures: Detailed procedures for account operation and control mechanisms
Account Bank
Account Holder
Account Statements
Authorized Person
Banking Day
Business Day
Blocked Account
Control Notice
Controlled Account
Default Notice
Disposition
Effective Date
Electronic Means
Encumbrance
Event of Default
Financial Institution
Instruction
Law
Notice of Exclusive Control
Operating Instructions
Permitted Investments
Release Notice
Secured Obligations
Secured Party
Security Interest
Security Period
Standing Instructions
Termination Notice
Transaction Documents
Transfer Order
Underlying Agreement
Withdrawal
Written Notice
Recitals
Definitions
Grant of Security Interest
Control Rights
Account Operation
Bank's Rights and Duties
Secured Party Rights
Account Holder Obligations
Notice Requirements
Instructions
Representations and Warranties
Fees and Expenses
Indemnification
Liability Limitation
Set-off Rights
Subordination
Amendment
Assignment
Termination
Force Majeure
Confidentiality
Notices
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Counterparts
Further Assurance
Banking & Financial Services
Investment Banking
Commercial Lending
Corporate Finance
Asset Management
Private Equity
Real Estate Finance
Infrastructure Finance
Trade Finance
Project Finance
Legal
Finance
Treasury
Credit Risk
Compliance
Banking Operations
Corporate Banking
Loan Operations
Transaction Management
Security & Collateral Management
Legal Counsel
Finance Director
Treasury Manager
Credit Risk Manager
Relationship Manager
Compliance Officer
Security Trustee
Transaction Manager
Loan Operations Manager
Corporate Banking Manager
Chief Financial Officer
Legal Director
Banking Operations Manager
Collateral Manager
Account Manager
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