The Receivables Purchase Agreement is a key document used in trade finance and working capital management, particularly relevant in the Hong Kong market where many companies seek to optimize their working capital through receivables financing. This agreement enables businesses to convert their accounts receivable into immediate cash while providing purchasers (typically financial institutions) with a relatively secure investment. The document must comply with Hong Kong legal requirements, including the Law of Property Ordinance and Companies Ordinance, and typically includes detailed provisions on purchase mechanics, representations and warranties, servicing arrangements, and security interests. It's particularly important in cross-border trade scenarios where Hong Kong serves as a major financial hub, and can be structured either as a one-off purchase or as an ongoing purchase facility.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the Seller and Purchaser, including registration details
2. Background: Context of the transaction and brief description of the business relationship
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale and Purchase: Core provisions regarding the sale and assignment of receivables, purchase price, and completion mechanics
5. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase
6. Purchase Price and Payment: Calculation of purchase price, payment terms, and any adjustments
7. Representations and Warranties: Seller's representations regarding its capacity and the receivables
8. Perfection Requirements: Requirements for ensuring valid transfer of receivables, including notice requirements
9. Servicing and Collections: Arrangements for collecting receivables and managing customer relationships
10. Covenants: Ongoing obligations of the parties, particularly the Seller
11. Events of Default: Circumstances constituting default and consequences
12. Indemnification: Indemnity provisions protecting the Purchaser
13. Confidentiality: Protection of confidential information
14. Governing Law and Jurisdiction: Choice of Hong Kong law and jurisdiction provisions
15. General Provisions: Standard boilerplate provisions including notices, amendments, and severability
1. Security Arrangements: Required if additional security is being provided for the Seller's obligations
2. Credit Insurance: Needed if receivables are credit insured and insurance arrangements need to be regulated
3. Collection Account Arrangements: Required if specific trust or collection account mechanisms are being implemented
4. Data Protection: Required if personal data is involved in the receivables
5. Parent Company Guarantee: Needed if parent company support is required
6. True Sale Provisions: Enhanced provisions needed if true sale characterization is crucial
7. Electronic Platform: Required if an electronic platform is used for receivables submission and management
1. Form of Transfer Notice: Template notice for transferring receivables
2. Form of Debtor Notice: Template notice to be sent to debtors regarding the assignment
3. Eligibility Criteria Details: Detailed list of criteria for eligible receivables
4. Seller Information: Detailed information about the Seller and its business
5. Initial Receivables Portfolio: Details of receivables being purchased at closing
6. Operational Procedures: Detailed procedures for ongoing operation of the purchase facility
7. Form of Servicing Report: Template for periodic reporting on receivables performance
8. Purchase Price Calculations: Detailed methodology for calculating purchase price
9. Required Documents: List of documents required for each receivables purchase
Find the exact document you need
Official Receipt
A Hong Kong-compliant official receipt documenting financial transactions and serving as legal proof of payment under local business and tax regulations.
Download
Home Ownership Agreement
A legally binding agreement under Hong Kong law that documents the terms and conditions for the transfer of property ownership from seller to buyer.
Download
Car Sales Agreement Contract
A Hong Kong-governed agreement documenting the sale and purchase of a motor vehicle, including terms, conditions, and transfer of ownership requirements.
Download
Form To Vacate Rental Property
A Hong Kong-compliant form for tenants to formally notify landlords of their intention to vacate a rental property.
Download
Private Placement Memorandum (Real Estate)
A Hong Kong-compliant offering document for private real estate investment opportunities, detailing property assets, investment terms, and risk factors for sophisticated investors.
Download
Buy Sell Agreement Life (Insurance)
A Hong Kong law-governed agreement establishing terms for business interest transfers triggered by specific events, funded through life insurance policies.
Download
Real Estate Contract Assignment Form
A Hong Kong-compliant legal document for transferring property ownership rights between parties, containing essential terms and conditions for real estate assignments.
Download
Letter Of Intent To Borrow Money
A preliminary document under Hong Kong law outlining proposed terms for a lending arrangement, serving as a formal expression of intent to borrow money and establishing basic loan conditions.
Download
Utility Invoice
A compliant Hong Kong utility invoice documenting consumption, charges, and payment terms for utility services under local regulations.
Download
Sale Of Partnership Agreement
A Hong Kong law-governed agreement documenting the sale and transfer of partnership interests, including terms, price, and completion requirements.
Download
Contract To Pay Back Money Owed
A Hong Kong law-governed agreement that establishes legally binding terms for repaying an existing debt, including payment schedule and enforcement provisions.
Download
Online Residential Lease Agreement
Hong Kong-compliant online residential lease agreement template with electronic execution capabilities.
Download
Commercial Building Rental Agreement
A Hong Kong law-governed agreement setting out terms and conditions for leasing commercial property, including rent, usage rights, and obligations of landlord and tenant.
Download
Vehicle Sale Deed
A legal document governed by Hong Kong law that formalizes the sale and transfer of ownership of a motor vehicle between parties, including all essential terms and conditions of the sale.
Download
Company Sale And Purchase Agreement
A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of a company, including price, warranties, and completion mechanics.
Download
Aircraft Purchase And Sale Agreement
A Hong Kong law-governed agreement documenting the sale and purchase of an aircraft, including technical specifications, regulatory requirements, and commercial terms.
Download
Deed Of Sale Condominium
A formal legal document for transferring ownership of condominium units in Hong Kong, complying with local property law requirements.
Download
Standard Agency Agreement
A Hong Kong law-governed agreement establishing and regulating the principal-agent relationship, defining authority, duties, and commercial terms.
Download
Agreement Of Sale Of Immovable Property
A Hong Kong law-governed agreement for the sale and purchase of immovable property, detailing terms, conditions, and obligations of the transaction.
Download
Pregnancy Risk Assessment
A Hong Kong-compliant workplace risk assessment document for ensuring the safety and appropriate accommodation of pregnant employees, aligned with local safety and anti-discrimination regulations.
Download
Offer Proposal
A Hong Kong law-governed document presenting a formal business proposition with detailed terms and conditions for potential acceptance by the recipient.
Download
Equipment Rental Receipt
A Hong Kong-compliant document recording equipment rental transactions, including equipment details, terms, and payment information.
Download
Promissory Note Without Interest
A Hong Kong law-governed document containing an unconditional promise to pay a fixed sum of money without interest from one party to another.
Download
Letter Of Intent To Sell
A preliminary document under Hong Kong law outlining key terms and conditions for a proposed sale transaction, serving as a framework for subsequent definitive agreements.
Download
Deed Of Partition
A Hong Kong law-governed deed that legally divides jointly owned property into separate portions among co-owners, specifying boundaries and rights.
Download
Contract For Selling A Car
A Hong Kong law-governed contract template for the sale and purchase of a motor vehicle, ensuring compliance with local regulations and protecting both parties' interests.
Download
Conditional Sale Agreement Property
A Hong Kong law-governed agreement for property sales subject to specific conditions, detailing terms, conditions precedent, and completion requirements.
Download
Commercial Real Estate Sales Agreement
A Hong Kong law-governed agreement for the sale and purchase of commercial real estate, detailing terms, conditions, and requirements for property transfer.
Download
Business Broker Contract
A Hong Kong-governed agreement establishing terms for business broker services, including scope, fees, and regulatory compliance requirements.
Download
Vessel Purchase And Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a marine vessel, including terms for transfer of ownership, payment, and delivery.
Download
Simple Business Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a business, detailing key terms, conditions, and transfer requirements.
Download
Restaurant Profit Sharing Agreement
A Hong Kong law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business.
Download
Real Estate Purchase Agreement Contract
A legally binding agreement for property sale and purchase in Hong Kong, detailing transaction terms and conditions under Hong Kong law.
Download
Provisional Agreement
A binding preliminary real estate sale contract under Hong Kong law that establishes key terms and conditions for property transactions.
Download
Product Royalty Agreement
A Hong Kong law-governed agreement establishing terms for product licensing and royalty payments between licensor and licensee.
Download
Promissory Note Repayment Schedule
A Hong Kong law-governed financial instrument that combines a promissory note with a structured repayment schedule, documenting debt obligations and payment terms.
Download
Mortgage Sale Deed
A Hong Kong law-governed deed that transfers mortgage rights and obligations from one mortgagee to another, documenting the terms and conditions of the mortgage sale transaction.
Download
Buyer Seller Agreement Form
A Hong Kong law-governed agreement that establishes the terms and conditions for the sale of goods between a buyer and seller, ensuring legal compliance and protection for both parties.
Download
Boat Partnership Agreement
A Hong Kong law-governed agreement establishing shared ownership and operation terms for a marine vessel between multiple partners.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)