51Ƶ

Inter Corporate Deposit Agreement for United Arab Emirates

Inter Corporate Deposit Agreement Template for United Arab Emirates

This agreement governs the placement of corporate deposits between companies in the United Arab Emirates, structured under UAE Federal Law and Central Bank regulations. It establishes the terms and conditions for inter-corporate deposits, including deposit amount, tenure, interest calculations, payment terms, and regulatory compliance requirements. The document incorporates UAE banking laws and commercial regulations, addressing both conventional and possible Sharia-compliant arrangements, while ensuring compliance with UAE Central Bank directives on corporate banking transactions.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Inter Corporate Deposit Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Inter Corporate Deposit Agreement?

The Inter Corporate Deposit Agreement is essential for companies operating in the UAE that wish to place deposits with other corporate entities, typically financial institutions. This document is used when a corporation has surplus funds and seeks to deposit them with another corporation, usually a financial institution, for a specified period at agreed interest rates. The agreement must comply with UAE Federal Law No. 14 of 2018 (Central Bank Law) and related banking regulations, addressing key aspects such as deposit terms, interest calculations, regulatory requirements, and potential Sharia compliance considerations. It's particularly relevant for treasury operations of UAE companies and financial institutions, providing a structured framework for corporate deposit arrangements while ensuring adherence to local banking and commercial laws.

What sections should be included in a Inter Corporate Deposit Agreement?

1. Parties: Identification of the depositor and deposit-taking corporation, including their registration details and addresses

2. Background: Context of the deposit arrangement and confirmation of authority to enter into the agreement

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

4. Deposit Amount and Terms: Specification of the deposit amount, currency, and tenure of the deposit

5. Interest Rate and Calculations: Details of the applicable interest rate, calculation method, and payment frequency

6. Payment Terms: Terms for deposit placement, interest payments, and maturity proceeds

7. Representations and Warranties: Standard representations from both parties regarding capacity, authority, and compliance

8. Covenants: Ongoing obligations of both parties during the deposit term

9. Events of Default: Circumstances constituting default and consequences thereof

10. Termination: Provisions for termination of the agreement, including early termination rights

11. Notices: Process and requirements for formal communications between parties

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

13. General Provisions: Standard boilerplate provisions including amendments, waivers, and severability

What sections are optional to include in a Inter Corporate Deposit Agreement?

1. Security Arrangements: Required when the deposit is secured by any form of collateral or guarantee

2. Sharia Compliance: Required when the deposit arrangement needs to be Sharia-compliant

3. Tax Provisions: Required when specific tax considerations need to be addressed, particularly for international deposits

4. Regulatory Compliance: Required when specific UAE Central Bank or other regulatory requirements need detailed treatment

5. Roll-over Provisions: Required when automatic renewal of the deposit is contemplated

6. Currency Exchange Provisions: Required when the deposit involves multiple currencies or exchange rate considerations

7. Group Company Provisions: Required when the arrangement involves group company guarantees or cross-default provisions

What schedules should be included in a Inter Corporate Deposit Agreement?

1. Deposit Details Schedule: Detailed terms of the deposit including amount, tenure, interest rate, and payment dates

2. Interest Calculation Methodology: Detailed explanation of interest calculation methods and examples

3. Form of Deposit Confirmation: Template for confirming deposit placement and terms

4. Security Details: Details of any security or collateral arrangements if applicable

5. Authorized Signatories: List of authorized representatives for both parties

6. Notice Details: Contact information and addresses for notices

7. Form of Renewal Notice: Template for deposit renewal notifications if applicable

8. Compliance Certificates: Templates for any required regulatory or compliance certifications

Authors

Alex Denne

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

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions








































Clauses































Relevant Industries

Banking

Financial Services

Investment Management

Corporate Treasury

Insurance

Manufacturing

Real Estate

Energy

Telecommunications

Retail

Healthcare

Relevant Teams

Treasury

Finance

Legal

Compliance

Risk Management

Corporate Banking

Investment

Operations

Regulatory Affairs

Company Secretariat

Relevant Roles

Treasury Manager

Chief Financial Officer

Financial Controller

Corporate Treasurer

Legal Counsel

Compliance Officer

Banking Relationship Manager

Finance Director

Investment Manager

Risk Manager

Corporate Banking Officer

Treasury Operations Manager

Legal Director

Company Secretary

Regulatory Compliance Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Salary Loan Agreement

UAE-governed agreement establishing terms for a salary-backed personal loan between a financial institution and employed individual, including salary assignment provisions.

find out more

Project Finance Loan Agreement

A UAE-law governed template for project finance loans, integrating conventional and Islamic finance principles for large-scale projects.

find out more

OverAgreement

UAE-governed agreement establishing terms for bank overdraft facilities, including limits, rates, and security arrangements under UAE banking regulations.

find out more

Non Recourse Loan Agreement

UAE-law non-recourse loan template for secured financing, limiting lender's recourse to designated collateral assets.

find out more

Mezzanine Loan Agreement

A UAE-law mezzanine loan template addressing Sharia compliance, regulatory requirements, and security interests for financing arrangements.

find out more

Loan Participation Agreement

A UAE banking document template for structuring loan participation agreements, compliant with local laws and international standards.

find out more

Loan Note Register

UAE-compliant template for maintaining a structured register of loan notes, ensuring proper documentation and regulatory compliance under UAE federal laws.

find out more

Loan Facility Agreement

A UAE legal document template for establishing credit facilities, incorporating conventional and Islamic financing options.

find out more

Loan Consent Form

A UAE-compliant document capturing formal consent and acknowledgment from parties involved in a lending transaction, adhering to UAE Federal Laws and Banking regulations.

find out more

Litigation Financing Agreement

UAE law-governed agreement establishing terms for third-party funding of litigation, including funding commitments, success fees, and control mechanisms.

find out more

Inter Corporate Loan Agreement

UAE-governed agreement establishing terms for corporate-to-corporate lending, including loan facility, security, and enforcement provisions under UAE law.

find out more

House Loan Contract

UAE-governed agreement between a financial institution and borrower for property financing, detailing loan terms and mortgage security arrangements.

find out more

Hand Loan Agreement

A UAE-compliant agreement documenting a personal loan between parties, outlining loan terms and repayment conditions in accordance with UAE Civil Code and Sharia principles.

find out more

Flexi Finance Loan Agreement

UAE-governed flexible loan facility agreement allowing variable drawdowns subject to a maximum limit, compliant with UAE banking and finance laws.

find out more

Facility Letter Mortgage

A UAE-compliant document combining a credit facility offer with mortgage security arrangements, outlining financing terms and property security details under UAE Federal and Emirates laws.

find out more

Employee Forgivable Loan Agreement

A UAE legal document offering forgivable loans to employees, ensuring retention through compliance with local labor laws and Sharia principles.

find out more

Employee Equipment Loan Agreement

A UAE legal document outlining terms for employee equipment loans, ensuring compliance with labor and property laws.

find out more

Employee Cash Advance Agreement

A UAE legal document outlining salary advance terms, ensuring compliance with labor laws and protecting employer-employee interests.

find out more

Domestic Helper Loan Agreement

A UAE legal document outlining loan terms for domestic helpers, ensuring compliance with employment and financial regulations.

find out more

Device Loan Agreement

A UAE legal document for loaning electronic devices, detailing usage, maintenance, and return conditions.

find out more

Debt To Equity Conversion Agreement

A UAE legal document for converting company debt into equity, ensuring compliance with local laws and regulations.

find out more

Credit Terms Agreement

UAE-compliant credit terms agreement template establishing terms and conditions for credit facilities between financial institutions and borrowers.

find out more

Borrowing Form

A UAE legal template for documenting lending arrangements, accommodating both conventional and Islamic financing principles.

find out more

Assignment Of Loan Agreement

A UAE law-governed agreement transferring rights and obligations under an existing loan from one lender to another, compliant with UAE Civil Code and banking regulations.

find out more

Assignment Of Debt Agreement

A UAE legal document for transferring creditor rights, ensuring compliance with civil and Sharia law principles.

find out more

Agreement Between Two Persons For Money

UAE-governed agreement formalizing monetary arrangements between two individuals, compliant with UAE Civil Code and Sharia principles.

find out more

Title Loan Agreement

A UAE legal document for vehicle-secured loans, ensuring compliance with local laws and Sharia principles.

find out more

Money Lending Form

UAE-compliant lending agreement template suitable for both conventional and Islamic financing arrangements, incorporating local regulatory requirements and banking practices.

find out more

Subordinated Loan Agreement

UAE law-governed template for subordinated loan arrangements, establishing terms and conditions for subordinated debt financing in compliance with UAE regulations.

find out more

Forgivable Loan Agreement

A UAE legal template for forgivable loans, detailing terms, forgiveness conditions, and compliance with local laws.

find out more

Loan Agreement With Guarantor

A UAE legal template for secured loans with guarantor, ensuring compliance with local lending and guarantee laws.

find out more

Payday Loan Contract

A UAE-law governed payday loan contract template for short-term loans, incorporating regulatory and consumer protection provisions.

find out more

Simple Loan Application Form

A UAE banking sector template for standardized loan applications, integrating conventional and Islamic financing options.

find out more

Loan Guarantor Agreement

A UAE legal document for third-party loan guarantee, ensuring compliance with local banking and Sharia regulations.

find out more

Employee Laptop Agreement

UAE-governed agreement establishing terms for company laptop provision to employees, including usage policies and security requirements.

find out more

Debt Purchase Agreement

A UAE legal template for debt purchase agreements, ensuring compliance with federal laws and Islamic finance principles.

find out more

Personal Loan Receipt

A UAE banking document detailing personal loan terms, ensuring compliance with local regulations and consumer protection laws.

find out more

Simple Convertible Loan Agreement

UAE law-governed convertible loan agreement template for company financing with loan-to-equity conversion options.

find out more

Work Loan Agreement

A UAE-governed agreement establishing terms for an employer-provided loan to an employee, including repayment terms and obligations under UAE Federal Laws.

find out more

Board Resolution To Borrow

A UAE legal document authorizing corporate borrowing, detailing board approval, loan terms, and designated signatories.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it