The Bank Facilities Letter is a crucial document in Indonesian banking practice, used when a bank agrees to provide credit facilities to a borrower. It serves as the primary documentation of the bank's formal offer of financing and the terms under which such financing will be provided. This document must comply with Indonesian banking regulations, including those issued by Bank Indonesia and the Financial Services Authority (OJK). The letter typically follows after initial credit approval and due diligence, setting out detailed facility terms, conditions precedent, ongoing obligations, and security requirements. It forms the basis of the banking relationship and, once accepted, creates legally binding obligations under Indonesian law. The document is particularly important as it combines the formal offer of facilities with the key commercial and legal terms that will govern the banking relationship.
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1. Letter Header: Bank's letterhead, date, reference number, and addressee details
2. Borrower Details: Full legal name, registration number, and address of the borrower
3. Facility Overview: Brief summary of the type and amount of facilities being offered
4. Facility Terms: Detailed terms including facility type, amount, purpose, availability period, and repayment terms
5. Interest and Fees: Interest rate, calculation method, payment dates, and applicable fees
6. Conditions Precedent: List of documents and conditions required before facility utilization
7. Key Covenants: Essential financial and non-financial undertakings by the borrower
8. Events of Default: Circumstances that would trigger default and bank's remedies
9. Acceptance Section: Space for borrower's acknowledgment and acceptance of terms
1. Security Requirements: Required when the facility is secured, detailing collateral and security documents needed
2. Insurance Requirements: Needed when specific insurance coverage is required for the facility
3. Financial Covenants: Used for larger facilities requiring financial ratio maintenance
4. Trade Finance Terms: Included when the facility includes trade finance products
5. Foreign Exchange Provisions: Required for facilities in foreign currencies
6. Syndication Terms: Included for syndicated facilities with multiple lenders
7. Project Specific Conditions: Added for project-linked facilities with specific milestones or requirements
1. Schedule 1 - Facility Details: Detailed breakdown of each facility type, limits, and specific terms
2. Schedule 2 - Fee Schedule: Comprehensive list of all applicable fees and charges
3. Schedule 3 - Conditions Precedent Documents: Detailed list of required documents and evidence
4. Schedule 4 - Form of Drawdown Notice: Template for facility utilization requests
5. Schedule 5 - Security Details: Detailed description of required security and completion timeline
6. Schedule 6 - Standard Terms and Conditions: Bank's standard terms and conditions applicable to the facility
7. Schedule 7 - Compliance Certificate Template: Format for periodic compliance reporting if required
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Manufacturing
Real Estate and Property
Construction
Trading and Distribution
Technology
Agriculture
Mining and Resources
Retail
Healthcare
Education
Hospitality
Transportation and Logistics
Energy and Utilities
Relevant Teams
Legal
Finance
Treasury
Corporate Finance
Risk Management
Compliance
Credit Administration
Corporate Secretariat
Senior Management
Operations
Account Management
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Corporate Finance Manager
Credit Manager
Legal Counsel
Relationship Manager
Risk Manager
Compliance Officer
Company Secretary
Managing Director
Chief Executive Officer
Account Manager
Finance Manager
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