Loan Swap Agreement Template for Hong Kong

1. Parties: Identification of the swap counterparties and their legal details

2. Background: Context of the swap agreement and the underlying loans being swapped

3. Definitions and Interpretation: Key terms, calculation methods, and interpretation rules

4. Swap Structure and Mechanics: Core terms of the swap including payment obligations, calculation periods, and payment dates

5. Conditions Precedent: Prerequisites that must be satisfied before the swap becomes effective

6. Representations and Warranties: Standard and swap-specific representations by both parties

7. Covenants: Ongoing obligations of the parties during the swap term

8. Events of Default: Circumstances constituting default and consequences

9. Termination Events: Non-default events that may trigger early termination

10. Early Termination and Close-out: Procedures and calculations for early termination

11. Payment Netting: Mechanisms for netting payments between parties

12. Transfer Restrictions: Rules governing assignment and transfer of swap obligations

13. Tax Provisions: Treatment of taxes and tax gross-up obligations

14. Notices: Communication procedures between parties

15. Governing Law and Jurisdiction: Hong Kong law governance and jurisdiction provisions

1. Schedule 1 - Economic Terms: Detailed economic terms including notional amounts, fixed/floating rates, payment dates

2. Schedule 2 - Calculation Methods: Detailed calculation procedures and formulae

3. Schedule 3 - Form of Confirmation: Template for trade confirmations

4. Schedule 4 - Contact Details: Administrative and operational contact information

5. Schedule 5 - Credit Support Details: Specific terms of any credit support arrangements

6. Appendix A - Standard Settlement Instructions: Payment and settlement details for each party

7. Appendix B - Eligible Collateral: If applicable, types and haircuts for eligible collateral

8. Appendix C - Tax Forms: Required tax documentation and forms