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Credit Transfer Agreement Template for Indonesia

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Key Requirements PROMPT example:

Credit Transfer Agreement

"I need a Credit Transfer Agreement governed by Indonesian law for transferring credit of IDR 5 billion between our manufacturing company in Jakarta and our subsidiary in Surabaya, with monthly installments starting from March 2025."

Document background
The Credit Transfer Agreement is essential for businesses and financial institutions operating in Indonesia that need to facilitate structured credit transfers in compliance with local banking regulations. This document is typically used when one party wishes to transfer credit to another through the Indonesian banking system, whether for commercial transactions, intercompany loans, or other financial arrangements. The agreement must comply with Indonesian banking laws, including Law No. 7 of 1992 on Banking (as amended), Bank Indonesia regulations on fund transfers, and anti-money laundering requirements. It includes detailed provisions on transfer mechanisms, security arrangements, regulatory compliance, and risk allocation. The document is particularly important given Indonesia's strict banking regulations and the need for clear documentation of financial transactions in the jurisdiction.
Suggested Sections

1. Parties: Identification of the transferor, transferee, and any other relevant parties such as the financial institutions involved

2. Background: Context of the agreement and the intention to transfer credit between the parties

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Transfer Terms: Core terms of the credit transfer including amount, currency, and timing

5. Payment Mechanisms: Specific procedures and methods for executing the credit transfer

6. Conditions Precedent: Conditions that must be satisfied before the credit transfer can occur

7. Representations and Warranties: Statements of fact and assurances given by each party

8. Covenants: Ongoing obligations of the parties during the term of the agreement

9. Regulatory Compliance: Obligations regarding compliance with relevant Indonesian banking and financial regulations

10. Fees and Charges: Details of any fees, charges, and costs associated with the transfer

11. Default and Remedies: Events of default and available remedies for the non-defaulting party

12. Indemnification: Provisions for compensation in case of losses or damages

13. Confidentiality: Obligations regarding the protection of confidential information

14. Dispute Resolution: Procedures for resolving disputes between the parties

15. Governing Law: Specification of Indonesian law as the governing law

16. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability

Optional Sections

1. Security Arrangements: Required when the credit transfer needs to be secured by collateral or guarantees

2. Electronic Communications: Include when parties agree to use electronic means for transfer instructions and communications

3. Currency Conversion: Required when the transfer involves multiple currencies

4. Intermediary Banks: Include when the transfer requires the use of intermediary financial institutions

5. Force Majeure: Optional provisions for unforeseen circumstances preventing performance

6. Anti-Money Laundering Procedures: Detailed procedures required for high-value transfers or when dealing with high-risk parties

7. Assignment and Transfer: Include when parties want to allow for the possibility of transferring rights under the agreement

Suggested Schedules

1. Schedule 1 - Transfer Details: Detailed specifications of the credit transfer including account numbers, routing information, and timing

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees and charges associated with the transfer

3. Schedule 3 - Operational Procedures: Step-by-step procedures for executing the transfer and handling various scenarios

4. Schedule 4 - Required Documents: List of documents required for the transfer and compliance purposes

5. Schedule 5 - Contact Details: Contact information for key personnel and departments involved in the transfer

6. Appendix A - Form of Transfer Instructions: Standard template for providing transfer instructions

7. Appendix B - Compliance Certificates: Templates for various compliance certificates required under Indonesian regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























































Clauses




































Relevant Industries

Banking & Financial Services

Corporate Finance

Investment Management

International Trade

Manufacturing

Real Estate

Retail

Technology

Telecommunications

Energy

Infrastructure

Healthcare

Education

Professional Services

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Banking Operations

Corporate Finance

Regulatory Affairs

Credit Control

Transaction Banking

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Financial Controller

Banking Relationship Manager

Compliance Officer

Legal Counsel

Corporate Lawyer

Risk Manager

Credit Manager

Account Manager

Finance Manager

Banking Operations Manager

Transaction Banking Specialist

Senior Finance Executive

Company Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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