Credit Assignment Agreement for Malta

Credit Assignment Agreement Template for Malta

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Credit Assignment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Credit Assignment Agreement

"I need a Credit Assignment Agreement for transferring a €2.5M performing bank loan from Malta International Bank to FinCorp Investment Ltd, with completion scheduled for March 15, 2025; the agreement should include provisions for transferring associated security interests."

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Credit Assignment Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Credit Assignment Agreement?

The Credit Assignment Agreement is a crucial document used in Malta's financial and commercial landscape when one party wishes to transfer its credit rights to another party. This agreement is particularly relevant in scenarios involving debt trading, portfolio sales, corporate restructuring, or refinancing arrangements. The document must comply with the Maltese Civil Code (Chapter 16) and relevant financial services legislation, ensuring proper transfer of rights while maintaining regulatory compliance. The agreement typically includes detailed information about the assigned credit, consideration, warranties, and necessary notices to debtors. It's essential for financial institutions, corporations, and investors engaged in credit transfers, requiring careful attention to both civil law requirements and financial regulations in Malta.

What sections should be included in a Credit Assignment Agreement?

1. Parties: Identifies the Assignor and Assignee with full legal names and addresses

2. Background: Explains the context of the assignment, including details about the original credit agreement and the parties' intention to assign

3. Definitions: Defines key terms used throughout the agreement, including 'Assigned Rights', 'Credit Agreement', 'Effective Date', etc.

4. Assignment: Core provision detailing the transfer of rights from Assignor to Assignee

5. Consideration: Specifies the payment or other consideration for the assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, status of the credit, etc.

7. Completion and Timing: Details about when and how the assignment takes effect

8. Notice and Communication: Requirements for notifying the debtor and other relevant parties

9. Confidentiality: Obligations regarding confidential information shared during the assignment process

10. Data Protection: Provisions ensuring compliance with data protection laws in handling personal information

11. Governing Law and Jurisdiction: Specifies Maltese law as governing law and establishes jurisdiction for disputes

What sections are optional to include in a Credit Assignment Agreement?

1. Security Transfer: Used when the assignment includes transfer of associated security rights or collateral

2. Further Assurance: Include when additional actions may be needed post-assignment to perfect the transfer

3. Tax Provisions: Required when there are specific tax implications or arrangements between the parties

4. Anti-Money Laundering Provisions: Include for assignments involving regulated entities or significant sums

5. Set-off Rights: Include when parties want to preserve or establish specific set-off arrangements

6. Regulatory Compliance: Required when either party is a regulated entity or the assignment involves regulated activities

7. Sub-participation Rights: Include if the Assignee is permitted to enter into sub-participation arrangements

What schedules should be included in a Credit Assignment Agreement?

1. Schedule 1 - Details of Assigned Credit: Detailed description of the credit being assigned, including amount, terms, and current status

2. Schedule 2 - Original Credit Agreement: Copy or details of the original credit agreement being assigned

3. Schedule 3 - Form of Notice to Debtor: Template for the notice to be sent to the debtor regarding the assignment

4. Schedule 4 - Completion Requirements: List of documents and actions required for completion of the assignment

5. Schedule 5 - Security Details: Details of any security or collateral associated with the assigned credit

6. Appendix A - Payment Details: Banking and payment information for the consideration

7. Appendix B - Power of Attorney: Form of power of attorney if required for post-completion actions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Banking

Financial Services

Insurance

Investment Management

Real Estate

Commercial Lending

Asset Management

Debt Collection

Private Equity

Corporate Finance

Financial Technology

Relevant Teams

Legal

Finance

Compliance

Risk Management

Treasury

Credit Administration

Debt Collection

Corporate Finance

Investment Management

Portfolio Management

Commercial Operations

Transaction Management

Relevant Roles

Legal Counsel

Finance Director

Credit Manager

Compliance Officer

Risk Manager

Treasury Manager

Portfolio Manager

Debt Collection Manager

Corporate Finance Manager

Investment Manager

Chief Financial Officer

Legal Director

Commercial Director

Transaction Manager

Restructuring Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Factoring Agreement With Recourse

A Maltese law-governed agreement for the purchase of trade receivables by a factor from a client, with right of recourse in case of debtor default.

find out more

Agreement Letter For Money Lending

A Maltese law-governed letter agreement documenting terms and conditions of a money lending arrangement, suitable for personal or small business loans.

find out more

Overfacility Agreement

A Maltese law-governed agreement establishing terms for an overdraft facility between a lender and borrower, including credit limits, interest rates, and regulatory compliance requirements.

find out more

Revolving Facility Agreement

A Maltese law-governed agreement establishing a revolving credit facility between lender(s) and borrower(s), allowing flexible drawdown and repayment of funds within an agreed limit.

find out more

Line Of Credit Contract

A Maltese law-governed agreement establishing a revolving credit facility between a lender and borrower, setting out terms for drawdown, repayment, and security arrangements.

find out more

Unsecured Credit Agreement

A Maltese law-governed Unsecured Credit Agreement establishing terms for providing credit without collateral, compliant with local and EU regulations.

find out more

Syndicated Credit Agreement

A Maltese law-governed agreement establishing terms for a syndicated loan facility where multiple lenders provide financing under coordinated terms.

find out more

Fixed Sum Credit Agreement

A Maltese law-governed agreement between a credit provider and borrower for a fixed sum loan, compliant with Malta's Consumer Credit Regulations and EU directives.

find out more

Line Of Credit Loan Agreement

A Maltese law-governed agreement establishing a revolving credit facility between a lender and borrower, setting out terms for multiple drawdowns and repayments within an approved credit limit.

find out more

Credit Term Agreement

A Maltese law-governed agreement establishing terms and conditions for credit provision between lender and borrower, compliant with local and EU financial regulations.

find out more

Credit Default Swap Agreement

A Maltese law-governed agreement establishing credit default protection between parties, defining credit events, settlement terms, and payment obligations in compliance with EU regulations.

find out more

Term Loan Credit Agreement

A Maltese law-governed agreement setting out terms and conditions for a fixed-term loan facility, including loan amount, repayment terms, and security arrangements.

find out more

Master Credit Agreement

A Maltese law-governed framework agreement establishing terms and conditions for credit facilities between lender and borrower, compliant with local and EU regulations.

find out more

Credit Note Agreement

A Maltese law-governed agreement establishing terms for issuing and settling credit notes, ensuring compliance with local and EU regulations.

find out more

Debt Forgiveness Agreement

A Maltese law-governed agreement documenting the formal release of debt obligations by a creditor to a debtor.

find out more

Money Lending Contract

A Maltese law-governed agreement establishing terms and conditions for lending money, including loan amount, interest rates, repayment terms, and compliance with local financial regulations.

find out more

Credit Support Agreement

A Maltese law-governed agreement establishing terms for providing and maintaining credit support between parties, including collateral arrangements and enforcement mechanisms.

find out more

Consumer Credit Agreement

A Maltese law-governed agreement setting out terms for consumer credit provision, compliant with local and EU regulations.

find out more

Credit Facility Letter

A Maltese law-governed letter documenting the terms and conditions of a credit facility between a financial institution and a borrower.

find out more

Credit Facilities Agreement

A Maltese law-governed agreement setting out terms and conditions for the provision of credit facilities by a lender to a borrower, compliant with local banking regulations and EU requirements.

find out more

Senior Facilities Agreement

A Maltese law-governed agreement establishing terms for senior debt facilities, including loan terms, security arrangements, and compliance requirements.

find out more

Revolving Credit Loan Agreement

Maltese law-governed agreement establishing a revolving credit facility with drawdown and repayment mechanics, security provisions, and regulatory compliance requirements.

find out more

Line Of Credit Agreement

A Maltese law-governed agreement establishing a revolving credit facility between a lender and borrower, setting out terms for flexible borrowing up to an agreed limit.

find out more

Revolving Credit Agreement

A Maltese law-governed agreement establishing a revolving credit facility, allowing repeated borrowing and repayment up to a maximum amount.

find out more

Credit Sale Agreement

A Maltese law-governed agreement combining sale of goods with credit terms, structured under Malta's Consumer Credit Act and Civil Code.

find out more

Credit Assignment Agreement

A Maltese law-governed agreement facilitating the transfer of credit rights from an Assignor to an Assignee, with associated terms and regulatory compliance requirements.

find out more

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

2 AI Docs LeftGet Instant Access