Document background
The Assignment Of Receivables Agreement is a crucial document in Singapore's commercial landscape, commonly used in financing transactions, debt factoring, and security arrangements. This agreement enables businesses to monetize their receivables or use them as security for financing. Under Singapore law, it must comply with the Civil Law Act and include specific provisions regarding notice, representations about the receivables' status, and transfer mechanics. The document is particularly important in trade finance, supply chain financing, and general commercial transactions where businesses seek to optimize their working capital or secure funding.
