The Account Control Agreement Collateral is essential in secured financing transactions under Singapore law where bank accounts serve as collateral. It is typically used in conjunction with security agreements, facility agreements, or other financing documents. The agreement ensures the secured party has sufficient control over the collateral account to perfect its security interest and enables enforcement in case of default. This document is particularly important in Singapore's financial center, where it provides clarity on the rights and obligations of all parties involved in account-based collateral arrangements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the secured party, debtor, and account bank as parties to the agreement
2. Background: Explains the context of the agreement, including reference to any related security or credit agreements
3. Definitions: Defines key terms used throughout the agreement including Account, Security Interest, Control, etc.
4. Control of Account: Establishes the control arrangements over the account and the mechanism for exercising control
5. Rights and Obligations of Account Bank: Details the account bank's duties, responsibilities, and standard of care
6. Security Interest: Describes the security interest being created and perfection requirements
7. Events of Default: Lists circumstances that trigger enforcement rights and control mechanisms
8. Representations and Warranties: Contains representations and warranties from all parties regarding their authority and capacity
9. Termination: Sets out conditions and process for terminating the agreement
10. Miscellaneous: Contains standard boilerplate provisions including governing law, jurisdiction, and notices
1. Blocked Account Provisions: Used when the account is to be fully blocked, preventing the debtor from accessing the account
2. Springing Control Provisions: Provisions specifying when and how control rights spring into effect upon specified trigger events
3. Investment Provisions: Provisions governing the investment of funds held in the account and permitted investments
4. Account Statements and Reporting: Requirements for regular reporting and account statements if beyond standard banking practices
1. Schedule 1 - Account Details: Contains specific details of the controlled account(s) including account numbers and account type
2. Schedule 2 - Authorized Persons: List of persons authorized to give instructions regarding the account
3. Schedule 3 - Form of Notice: Template for notices to be given under the agreement including Notice of Exclusive Control
4. Schedule 4 - Fee Schedule: Details of fees payable to the account bank for maintaining the account and complying with instructions
5. Schedule 5 - Operating Procedures: Detailed procedures for operation of the account and execution of instructions
Find the exact document you need
Current Account Agreement
A Singapore-law governed agreement establishing terms for operating a current account between a bank and account holder.
Download
Checking Account Agreement
A Singapore-compliant legal agreement establishing terms and conditions for operating a checking account between a bank and account holder.
Download
Pledged Collateral Account Control Agreement
A Singapore law agreement establishing control over a pledged account as collateral security between an account bank, secured party, and account holder.
Download
Bank Deposit Agreement
A Singapore-law governed agreement establishing terms and conditions between a bank and depositor for deposit account services.
Download
Bank Account Control Agreement
A Singapore law-governed tripartite agreement establishing control over bank accounts in secured financing arrangements.
Download
Collateral Account Agreement
A Singapore law agreement establishing security over bank accounts and their contents, governing rights and control mechanisms between parties.
Download
Account Control Agreement Collateral
A Singapore law-governed tripartite agreement establishing control over bank accounts as collateral security.
Download
Checking Agreement
A Singapore law-governed agreement establishing terms and conditions for operating a checking account between a bank and account holder.
Download
Client Account Agreement
A Singapore-law governed agreement establishing terms and conditions for client accounts with financial institutions.
Download
Trust Account Agreement
A Singapore-law governed agreement establishing terms for managing trust assets in a designated account, compliant with local trust and banking regulations.
Download
Letter Of Authorization To Debit Account
A Singapore-compliant authorization document allowing automatic debits from a specified bank account.
Download
Cash Account Management Agreement
A Singapore-law governed agreement establishing terms for cash account management between financial institutions and clients.
Download
Time Deposit Agreement
A Singapore-law governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor.
Download
Notice Of Assignment Of Accounts Receivable
A Singapore-compliant notice informing debtors of the transfer of accounts receivable rights from assignor to assignee.
Download
Blocked Account Control Agreement
A Singapore law-governed agreement establishing control over a bank account for security purposes.
Download
Savings Account Agreement
A Singapore-law governed agreement establishing terms and conditions for operating a savings account between a bank and account holder.
Download
Margin Agreement
A Singapore-law governed agreement establishing terms for margin trading and collateral requirements between financial institutions and clients.
Download
Blocked Account Agreement
A Singapore law-governed agreement establishing and regulating a restricted bank account with specified release conditions.
Download
Bank Account Agreement
A Singapore-law governed agreement establishing terms and conditions between a bank and account holder for the operation of bank accounts and related services.
Download
Securities Account Control Agreement
A Singapore law-governed agreement establishing control rights over a securities account as collateral between a secured party, account holder, and securities intermediary.
Download
Account Management Agreement
A Singapore-law governed agreement setting out terms for professional account management services, compliant with MAS regulations.
Download
Joint Account Agreement
A Singapore-law governed agreement establishing terms for operating a shared bank account between multiple account holders.
Download
Account Pledge Agreement
A Singapore law-governed agreement creating security over bank accounts as collateral for secured obligations.
Download
Account Opening Agreement
A Singapore-law governed agreement establishing the terms and conditions for opening and maintaining a bank account, compliant with MAS regulations.
Download
Certificate Of Deposit Agreement
A Singapore-law governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor.
Download
Account Receivable Purchase Agreement
A Singapore-law agreement enabling the sale and transfer of accounts receivable between parties, typically used for financing purposes.
Download
Accounts Receivable Assignment Agreement
A Singapore law agreement governing the transfer of accounts receivable from one party to another.
Download
Deed Of Assignment Of Shares Of Stock
A Singapore law-governed deed that formally transfers share ownership from one party to another.
Download
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
.png)