Master Receivables Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Master Receivables Purchase Agreement

"Need a Master Receivables Purchase Agreement for a Singapore manufacturing company selling its trade receivables to DBS Bank, with a facility limit of SGD 50 million and implementation date of March 1, 2025. The seller should continue as servicer."

Document background

The Master Receivables Purchase Agreement (MRPA) is utilized when businesses seek to monetize their receivables through repeated sales to financial institutions or other purchasers. This document, governed by Singapore law, provides a framework for multiple transfers without requiring new documentation for each sale. It includes detailed provisions on eligibility criteria, purchase price calculations, representations, and operational procedures. The MRPA is particularly relevant in Singapore's dynamic financial market, where receivables financing plays a crucial role in working capital management.

Suggested Sections

1. Parties: Identification of the purchaser and seller, including registration details and addresses

2. Background: Context of the agreement, including the seller's business and nature of receivables

3. Definitions and Interpretation: Key terms used throughout the agreement including Eligible Receivables, Purchase Price, etc.

4. Sale and Purchase: Core provisions regarding the sale and assignment of receivables

5. Purchase Price and Payment: Calculation methodology and payment terms for purchased receivables

6. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase

7. Representations and Warranties: Standard and transaction-specific representations by parties

8. Covenants: Ongoing obligations of the parties

9. Events of Default: Circumstances constituting default and consequences thereof

10. Termination: Provisions for termination of the agreement and its consequences

11. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction provisions

Optional Sections

1. Servicing Arrangements: Terms for collection and servicing of receivables when seller continues to service the receivables post-sale

2. Credit Enhancement: Additional security or support features when additional credit support is required

3. Information Rights: Specific provisions regarding information sharing and reporting requirements

4. Tax Provisions: Specific tax-related provisions and allocations of tax responsibilities

Suggested Schedules

1. Form of Transfer Notice: Standard form for notifying purchase of specific receivables

2. Eligibility Criteria Schedule: Detailed criteria for acceptable receivables

3. Form of Servicer Report: Template for periodic reporting on receivables performance

4. Calculation of Purchase Price: Detailed methodology for price calculation

5. Form of Notice to Debtors: Template for notifying underlying debtors of the assignment

6. Powers of Attorney: Forms of powers of attorney for various purposes under the agreement

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Manufacturing
Retail
Technology
Healthcare

Relevant Teams

Finance
Legal
Treasury
Credit Control
Risk Management
Structured Finance
Commercial

Relevant Roles

Chief Financial Officer
Treasury Manager
Legal Counsel
Credit Manager
Finance Director
Structured Finance Manager
Commercial Director

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Let's create your Master Receivables Purchase Agreement

Authors

Alex Denne

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