Account Control Agreement Template for Philippines

1. Electronic Banking Provisions: Additional provisions for electronic banking access and controls, required if online banking services are part of the arrangement

2. Foreign Currency Provisions: Required if the controlled account may contain foreign currency

3. Multiple Account Provisions: Required if the agreement covers multiple accounts

4. Regulatory Compliance: Additional section for specific regulatory requirements, particularly relevant for regulated entities

5. Internal Controls and Audit Rights: Optional section providing for audit rights and internal control requirements, often included for institutional clients

6. Force Majeure: Optional section dealing with circumstances beyond parties' control, particularly relevant in jurisdictions prone to natural disasters

1. Schedule 1 - Account Details: Lists all accounts covered by the agreement, including account numbers and types

2. Schedule 2 - Authorized Signatories: Lists all authorized signatories and their signing authorities

3. Schedule 3 - Form of Instructions: Contains template forms for standard instructions under the agreement

4. Schedule 4 - Fee Schedule: Details the fees payable to the Deposit Bank

5. Schedule 5 - Notice Details: Contains contact details and notice requirements for all parties

6. Appendix A - Operational Procedures: Details day-to-day operational procedures and requirements

7. Appendix B - Electronic Banking Procedures: If applicable, contains procedures for electronic banking services