The Master Receivables Purchase Agreement serves as the primary legal framework for businesses looking to monetize their receivables portfolio through sale to financial institutions or special purpose vehicles in South Africa. This document type is essential for companies seeking to improve their working capital position or implement receivables financing programs. The agreement covers all aspects of the receivables purchase arrangement, including detailed mechanics for offers and acceptances, purchase price calculations, servicing arrangements, and regulatory compliance requirements. It is specifically structured to comply with South African legal requirements, including the National Credit Act, Financial Intelligence Centre Act, and Protection of Personal Information Act. The master agreement format allows for multiple transactions to be executed efficiently under a single governing framework, reducing transaction costs and streamlining operations.
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: Identification of the Seller and Purchaser, including registration details and addresses
2. Background: Context of the agreement, relationship between parties, and general purpose of the receivables purchase arrangement
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation
4. Sale and Purchase Structure: Framework for the purchase of receivables, including offer and acceptance mechanism
5. Purchase Price and Payment Terms: Calculation methodology for purchase price, payment mechanics, and timing
6. Conditions Precedent: Conditions that must be satisfied before purchases can commence
7. Representations and Warranties: Seller's and Purchaser's representations regarding their capacity and the receivables
8. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase
9. Servicing and Collections: Arrangements for servicing the receivables and collecting payments
10. Reporting Requirements: Ongoing reporting obligations of the Seller regarding the receivables
11. Events of Default: Circumstances constituting default and consequences thereof
12. Remedies: Rights and remedies available to parties upon default or breach
13. Confidentiality: Obligations regarding confidential information and data protection
14. Governing Law and Jurisdiction: South African law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. True Sale Provisions: Detailed provisions ensuring the transfer constitutes a true sale, used when bankruptcy remoteness is crucial
2. Credit Enhancement: Additional credit support mechanisms, used when required by the Purchaser
3. Back-up Servicing: Arrangements for backup servicer, used when continuity of servicing is critical
4. Currency Conversion: Provisions for handling multiple currencies, used for cross-border transactions
5. Tax Gross-up: Provisions for tax indemnification, used when tax implications are significant
6. Data Protection: Detailed POPIA compliance provisions, used when significant personal data is involved
7. Electronic Communications: Provisions for electronic documentation and signatures, used when parties prefer digital execution
1. Form of Offer Notice: Template for Seller to offer receivables for purchase
2. Form of Acceptance Notice: Template for Purchaser to accept offered receivables
3. Eligibility Criteria Details: Detailed list of criteria for eligible receivables
4. Purchase Price Calculation: Detailed methodology for calculating purchase price
5. Form of Servicer Report: Template for periodic servicing reports
6. Conditions Precedent Documents: List of required documents and conditions
7. Notice Details: Contact details and notice requirements for all parties
8. Form of True Sale Opinion: Template for legal opinion confirming true sale
9. Operating Procedures: Detailed procedures for day-to-day operations
10. Form of Assignment: Template for formal assignment of receivables
Find the exact document you need
Laborers Master Agreement
South African labor agreement template establishing employment terms and conditions for manual laborers, compliant with national labor legislation.
Download
Master Builders Subcontract Agreement
A South African law-governed agreement between main contractor and subcontractor defining terms for construction project execution.
Download
Master SaaS Agreement
A South African law-governed agreement establishing terms for Software as a Service (SaaS) provision, incorporating local regulatory requirements including POPIA compliance.
Download
Master Partnership Agreement
A South African law-governed agreement establishing the framework for long-term business partnerships, including key terms, conditions, and regulatory compliance requirements.
Download
Master Client Agreement
A South African law-governed framework agreement establishing core terms and conditions for ongoing service provision between a service provider and its clients.
Download
Master Rights Agreement
A South African law-governed agreement establishing comprehensive terms for rights licensing and transfer between parties, including usage, commercialization, and protection provisions.
Download
Master Rental Agreement
A South African law-compliant agreement establishing the framework for property rental relationships, including essential terms and conditions between landlord and tenant.
Download
Master Dealer Agreement
South African-law governed agreement establishing terms between a principal company and its authorized dealers, including distribution rights, obligations, and local regulatory compliance.
Download
Master Trade Agreement
A South African law-governed framework agreement establishing terms and conditions for ongoing trading relationships between commercial parties.
Download
Master Relationship Agreement
South African law-governed framework agreement establishing core terms for ongoing business relationships, incorporating local regulatory requirements including POPIA and B-BBEE.
Download
Master Employment Contract
A South African law-compliant master employment agreement template establishing the fundamental terms and conditions of employment between employer and employee.
Download
Master Reseller Agreement
A South African law-governed agreement establishing terms for product/service resale between a supplier and reseller.
Download
Master Netting Agreement
A South African law-governed agreement establishing netting arrangements for financial transactions between parties, enabling risk reduction through offsetting multiple exposures.
Download
Master Sale Agreement
A South African law-governed framework agreement establishing terms and conditions for ongoing sale transactions between parties.
Download
Master Receivables Purchase Agreement
A South African law-governed agreement establishing terms for ongoing purchases of receivables between parties, including pricing, criteria, and servicing arrangements.
Download
Master Framework Agreement
A South African law-governed umbrella agreement establishing terms for ongoing business relationships and subsequent call-off arrangements.
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)