tiktok³ÉÈË°æ

The Collateral Account Control Agreement is essential in secured financing transactions under Swiss law where a party pledges or assigns rights over a bank account as collateral. This three-party agreement establishes the framework for controlling the pledged account, ensuring the secured party's security interest is properly perfected while allowing the account holder continued access under specified conditions. The agreement complies with Swiss banking regulations, financial market infrastructure requirements, and security interest provisions. It's commonly used in lending transactions, structured finance deals, and other financial arrangements where account-based collateral needs to be secured. The document details operational procedures, control mechanisms, and the process for transitioning to exclusive control upon specified events.

1. Parties: Identifies the key parties: Account Holder, Secured Party, and Account Bank

2. Background: Explains the context of the agreement, referring to the underlying security arrangement and purpose of the account control agreement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

4. Account Control and Security: Establishes the control arrangement over the account and confirms the security interest

5. Account Bank's Rights and Obligations: Details the responsibilities and duties of the Account Bank regarding the controlled account

6. Operation of the Account: Specifies how the account will be operated, including transaction restrictions and approval requirements

7. Notice of Exclusive Control: Describes the process and effect of the Secured Party exercising exclusive control over the account

8. Representations and Warranties: Standard representations from each party regarding capacity, authority, and enforceability

9. Instructions and Notices: Procedures for giving and receiving instructions and notices regarding the account

10. Fees and Expenses: Details of the Account Bank's fees and expense reimbursement rights

11. Liability and Indemnification: Limitations on Account Bank's liability and indemnification provisions

12. Term and Termination: Duration of the agreement and circumstances allowing termination

13. Governing Law and Jurisdiction: Confirms Swiss law as governing law and establishes jurisdiction for disputes

14. Miscellaneous: Standard boilerplate provisions including amendments, assignments, and severability