The Credit Facility Offer Letter is a fundamental document in Malaysian banking practice, used when a financial institution has approved a credit facility but needs to formally communicate the terms to the potential borrower. It represents the bank's formal offer of financing and requires careful preparation to ensure compliance with Malaysian banking regulations, particularly those set by Bank Negara Malaysia. The document is typically issued after initial credit assessment and approval, but before the execution of detailed facility agreements. It contains essential information about the approved facility, including amount, purpose, interest rates, fees, repayment terms, security requirements, and conditions precedent. The letter serves as a preliminary agreement that, once accepted, creates binding obligations subject to the fulfillment of stated conditions.
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1. Letter Header and Date: Bank's letterhead, reference number, and date of the offer
2. Addressee Details: Full name and address of the borrower/customer
3. Facility Summary: Brief overview of the type and amount of facility being offered
4. Facility Details: Detailed description of the credit facility including amount, purpose, and tenure
5. Interest Rate and Fees: Applicable interest rates, calculation method, and all associated fees
6. Repayment Terms: Payment schedule, installment amounts, and repayment mechanism
7. Security Requirements: Details of required collateral, guarantees, or other security arrangements
8. Key Terms and Conditions: Essential conditions precedent, covenants, and ongoing obligations
9. Events of Default: Circumstances that constitute default and consequences
10. Acceptance Mechanism: Instructions for accepting the offer and deadline for acceptance
1. Facility Review: Include when the facility is subject to periodic review - specifies review terms and conditions
2. Insurance Requirements: Include when specific insurance coverage is required as part of the facility
3. Special Conditions: Include when there are borrower-specific conditions or requirements
4. Cross-Default Provisions: Include when the borrower has multiple facilities with the bank
5. Specific Industry Requirements: Include when the facility is for specific industries with special regulatory requirements
6. Foreign Exchange Provisions: Include for facilities involving foreign currency
7. Environmental, Social and Governance (ESG) Requirements: Include when specific ESG compliance is required for the facility
1. Schedule 1 - Facility Calculation Details: Detailed breakdown of interest calculations, fees, and charges
2. Schedule 2 - Security Details: Comprehensive description of security arrangements and documentation requirements
3. Schedule 3 - Conditions Precedent Checklist: List of documents and conditions to be fulfilled before facility drawdown
4. Schedule 4 - Standard Terms and Conditions: Bank's standard terms and conditions applicable to the facility
5. Schedule 5 - Repayment Schedule: Detailed payment schedule showing installment amounts and dates
6. Appendix A - Required Documents: List of documents required from the borrower
7. Appendix B - Fee Schedule: Detailed breakdown of all applicable fees and charges
Relevant legal definitions
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Relevant Industries
Banking and Financial Services
Real Estate and Property
Manufacturing
Retail and Commerce
Technology and Software
Construction and Infrastructure
Healthcare
Education
Agriculture
Hospitality and Tourism
Transportation and Logistics
Energy and Utilities
Professional Services
Mining and Resources
Relevant Teams
Legal
Finance
Treasury
Credit and Risk
Compliance
Corporate Banking
Retail Banking
Operations
Business Development
Account Management
Credit Administration
Documentation
Risk Assessment
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Credit Manager
Risk Manager
Legal Counsel
Company Secretary
Business Development Manager
Account Manager
Relationship Manager
Credit Analyst
Compliance Officer
Banking Operations Manager
Corporate Finance Manager
Managing Director
Chief Executive Officer
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