Document background
The Cash Credit Agreement is a fundamental financial instrument used in the Philippines when a lender provides a borrower with access to a cash credit facility. This document is essential for both corporate and individual lending transactions, ensuring compliance with Philippine banking regulations, including the New Central Bank Act and Truth in Lending Act. It is particularly important when businesses or individuals require working capital, expansion financing, or general funding needs. The agreement includes comprehensive terms covering credit limits, interest calculations, security requirements, and enforcement mechanisms, all structured within the Philippine legal framework. It serves as the primary document governing the lending relationship and must incorporate mandatory regulatory requirements while protecting both the lender's and borrower's interests.
