Master Factoring Agreement Template for Philippines

1. Credit Insurance: Include when the factoring arrangement involves credit insurance coverage

2. Electronic Processing: Include when parties agree to use electronic platforms for receivables management

3. International Transactions: Include for cross-border factoring arrangements

4. Reserve Account: Include when a reserve account mechanism is part of the arrangement

5. Bulk Factoring Provisions: Include when allowing for bulk assignment of receivables

6. Debtor Credit Limits: Include when the factor provides debtor credit limit services

7. Collection Agency Arrangements: Include when third-party collection agencies may be involved

8. Recourse Provisions: Include detailed recourse provisions when offering recourse factoring

1. Schedule 1 - Pricing Schedule: Detailed fee structure, discount rates, and pricing mechanisms

2. Schedule 2 - Eligibility Criteria: Detailed criteria for acceptable receivables

3. Schedule 3 - Operating Procedures Manual: Detailed procedures for day-to-day operations

4. Schedule 4 - Form of Offer Notice: Template for offering receivables to the factor

5. Schedule 5 - Form of Acceptance Notice: Template for factor's acceptance of receivables

6. Schedule 6 - Approved Debtors List: List of pre-approved debtors and their credit limits

7. Schedule 7 - Required Documents: List of documents required for each factoring transaction

8. Schedule 8 - Client and Debtor Notification Forms: Standard forms for notifying debtors of the factoring arrangement

9. Appendix A - Compliance Requirements: Detailed AML and regulatory compliance requirements

10. Appendix B - Electronic Processing Procedures: Technical specifications for electronic submission and processing