Document background
The Master Receivables Purchase Agreement is used when parties wish to establish a continuing relationship for the purchase and sale of receivables in the Philippines, rather than documenting each transaction separately. It provides a comprehensive framework that addresses all aspects of receivables purchases, including offering mechanics, pricing, servicing, and regulatory compliance. The agreement is particularly useful for businesses seeking to optimize working capital management through receivables financing and for financial institutions providing such financing solutions. It incorporates specific provisions required under Philippine law and regulation, including requirements for perfection of transfers, tax considerations, and banking regulations where applicable. The document typically allows for multiple draws or purchases under a single master agreement, streamlining the documentation process for ongoing transactions.
