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The Master Factoring Agreement is a comprehensive legal framework used when a business seeks ongoing financing through the sale of its receivables. This agreement, governed by Singapore law, establishes the foundation for multiple transactions without the need for separate agreements for each sale. It addresses key aspects including pricing mechanisms, risk allocation, operational procedures, and compliance with Singapore's financial regulations. The Master Factoring Agreement is particularly relevant for businesses seeking to improve working capital management through a structured receivables financing program.

1. Parties: Identification of the Factor and the Client/Seller

2. Background: Context of the factoring arrangement and business relationship

3. Definitions: Key terms used throughout the agreement including definitions of Receivables, Eligible Receivables, Purchase Price, etc.

4. Assignment of Receivables: Core provisions regarding the transfer of receivables, including assignment mechanics and perfection requirements

5. Purchase Price and Payment Terms: Pricing structure, payment mechanisms, and calculation of advance rates and fees

6. Representations and Warranties: Standard assurances from both parties regarding capacity, authority, and receivables quality

7. Covenants: Ongoing obligations of the parties including reporting requirements and operational procedures

8. Events of Default: Circumstances constituting breach and consequences of default

9. Term and Termination: Duration of the agreement and circumstances for termination