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The Securities Account Control Agreement is a crucial document in secured financing transactions under Malaysian law, typically used when securities accounts are pledged as collateral. This agreement is essential for creating and perfecting a security interest in a securities account, enabling the secured party to exercise control over the account in accordance with Malaysian securities regulations, particularly the Capital Markets and Services Act 2007. The document establishes the rights and obligations of all parties involved, including the account holder who grants the security interest, the secured party who receives it, and the securities intermediary who maintains the account. It is commonly used in various financing arrangements, including margin lending, secured credit facilities, and structured finance transactions, and must comply with both Malaysian securities regulations and general contract law principles.

1. Parties: Identifies the account holder, secured party, and securities intermediary as parties to the agreement

2. Background: Explains the context of the agreement, including reference to any underlying security agreement and the securities account details

3. Definitions: Defines key terms used throughout the agreement, including 'Control Instructions', 'Entitlement Orders', 'Securities Account', etc.

4. Account Control Arrangements: Establishes the control mechanism and rights of the secured party over the securities account

5. Securities Intermediary's Rights and Obligations: Details the obligations of the securities intermediary regarding control instructions and account operations

6. Account Holder's Rights and Obligations: Specifies the account holder's continuing rights and restrictions regarding the securities account

7. Secured Party's Rights and Obligations: Outlines the secured party's rights to give instructions and its obligations regarding the account

8. Representations and Warranties: Contains standard representations and warranties from all parties

9. Priority of Security Interest: Establishes the priority of the secured party's interest and subordination of other claims

10. Notices: Specifies how formal notices must be given between parties

11. Events of Default: Defines events triggering enforcement rights

12. Termination: Outlines conditions and process for terminating the agreement

13. Miscellaneous: Contains standard boilerplate provisions including governing law, jurisdiction, amendments, etc.