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1. Parties: Identification of the finance provider(s), borrower(s), and any guarantors
2. Background: Context of the trade finance facility and purpose of the agreement
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. The Facility: Details of the trade finance facility including type, amount, purpose, and availability period
5. Conditions Precedent: Documents and conditions required before the facility becomes available
6. Utilization: Process and requirements for drawing down the facility
7. Interest and Fees: Interest calculation, payment terms, and applicable fees
8. Payment Mechanics: Payment procedures, currency provisions, and payment hierarchies
9. Security and Collateral: Security arrangements and collateral requirements
10. Representations and Warranties: Standard representations and warranties by the borrower
11. Covenants: Positive and negative undertakings by the borrower
12. Events of Default: Circumstances constituting default and consequences
13. Changes to Parties: Assignment and transfer provisions
14. Administration: Administrative aspects including notices and calculations
15. Governing Law and Enforcement: Choice of Nigerian law and enforcement provisions
1. Syndication Provisions: Required if multiple lenders are involved or syndication is contemplated
2. Islamic Finance Compliance: Required if the facility needs to be Sharia-compliant
3. Export Credit Agency Support: Include when ECA backing is part of the structure
4. Currency Risk Management: Required for cross-border transactions with significant currency exposure
5. Tax Gross-Up and Indemnities: Detailed tax provisions for complex cross-border transactions
6. Bank Guarantees: Required if bank guarantees form part of the facility
7. Documentary Credits: Required for facilities involving letters of credit
8. Supply Chain Finance Provisions: Include for supply chain finance structures
9. Insurance Requirements: Detailed insurance provisions for specific types of trade finance
1. Conditions Precedent Documents: List of required documents and conditions
2. Form of Utilization Request: Standard form for drawing down the facility
3. Calculation of Interest and Fees: Detailed methodology for calculations
4. Form of Transfer Certificate: Standard form for transfers between lenders
5. Security Documents: Forms of security documents and perfection requirements
6. Authorized Signatories: List of authorized signatories and specimen signatures
7. Eligible Trade Transactions: Criteria and types of eligible trade transactions
8. Form of Compliance Certificate: Template for periodic compliance certification
9. Processing Requirements: Operational procedures and requirements
10. Reporting Requirements: Templates and timing for required reports
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Agriculture
Oil and Gas
Mining and Minerals
Retail
Wholesale Distribution
Logistics and Transportation
Commodities Trading
Legal
Finance
Treasury
Trade Operations
Risk Management
Compliance
Corporate Banking
Transaction Banking
Credit
International Banking
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Corporate Banking Manager
Risk Manager
Compliance Officer
Legal Counsel
Finance Director
Trade Operations Manager
Credit Risk Officer
Relationship Manager
Transaction Banking Manager
Documentary Credits Manager
Supply Chain Finance Manager
Corporate Treasurer
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