Forward Flow Agreement Template for South Africa

1. Servicing Arrangements: Required if the seller continues to service the sold receivables or if special servicing arrangements are needed

2. Security Arrangements: Included if any form of security is required to support the seller's obligations

3. Put-Back Rights: Optional section defining circumstances where the purchaser can require the seller to repurchase receivables

4. Third Party Rights: Required if any third parties have rights under the agreement or if third party rights should be explicitly excluded

5. Competition Law Compliance: Needed if the transaction size or nature requires competition law considerations

6. True Sale Provisions: Enhanced provisions needed if true sale characterization is particularly important for the transaction

7. Credit Enhancement: Required if any form of credit enhancement or reserve account is part of the structure

8. Sub-Participation: Included if sub-participation rights are granted to the purchaser as an alternative to true sale

1. Eligibility Criteria Details: Detailed specifications of all eligibility requirements and exceptions

2. Form of Transfer Notice: Template for the formal notice initiating each transfer under the agreement

3. Purchase Price Calculation: Detailed methodology and formulae for calculating the purchase price

4. Operational Procedures: Detailed procedures for execution of transfers and related operations

5. Data Fields and Format: Specifications for data tape format and required data fields

6. Form of Power of Attorney: Standard form of power of attorney for post-transfer actions

7. Reporting Requirements: Templates and specifications for required reporting

8. Service Levels: Detailed service levels and performance metrics if applicable

9. System Specifications: Technical requirements for any systems integration or data transfer

10. Compliance Requirements: Detailed regulatory compliance requirements and procedures