The Confirmation of Funding Letter is a crucial document in Indonesian business and financial transactions, used when a funding institution has approved financial support for a recipient. This document type is particularly important in the Indonesian context, where formal documentation of funding commitments must comply with specific regulatory requirements set by Bank Indonesia and the Financial Services Authority (OJK). The Confirmation of Funding Letter serves as an official record of the funding commitment, typically issued after internal approvals but before the full disbursement of funds. It includes essential details such as funding amounts, conditions, timelines, and compliance requirements, providing both parties with a clear understanding of the funding arrangement while ensuring adherence to Indonesian banking and financial regulations.
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1. Letterhead and Date: Official letterhead of the funding organization and current date
2. Recipient Details: Full name, title, and address of the recipient
3. Reference Line: Reference number and subject of the letter
4. Funding Confirmation Statement: Clear statement confirming the approved funding amount and purpose
5. Key Terms: Essential details including funding amount, currency, disbursement schedule, and any interest rates if applicable
6. Conditions Precedent: Any conditions that must be met before the funding is released
7. Purpose and Use of Funds: Specified purpose and permitted use of the funding
8. Timeline: Key dates including funding availability and disbursement schedule
9. Contact Information: Details of the relevant contact person for further correspondence
10. Signature Block: Authorized signatory details and signature
1. Reporting Requirements: Include when the funding requires periodic reporting or monitoring
2. Special Conditions: Add when there are specific conditions or covenants attached to the funding
3. Tax Implications: Include when there are specific tax considerations or requirements
4. Foreign Exchange Provisions: Add when funding involves foreign currency transactions
5. Security Requirements: Include when the funding is secured against specific assets or guarantees
6. Regulatory Compliance Statement: Add when specific regulatory requirements need to be acknowledged
1. Payment Schedule: Detailed breakdown of disbursement dates and amounts
2. Required Documentation List: List of documents required for disbursement
3. Bank Account Details: Confirmed bank account information for fund transfers
4. Conditions Precedent Checklist: Detailed list of conditions to be met before funding release
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Corporate Finance
Infrastructure Development
Real Estate
Manufacturing
Technology and Communications
Energy and Resources
Healthcare
Education
Agriculture
Retail and Consumer Goods
Transportation and Logistics
Relevant Teams
Finance
Legal
Treasury
Corporate Finance
Risk Management
Compliance
Investment
Banking Relations
Executive Management
Company Secretariat
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Controller
Corporate Finance Manager
Funding Manager
Investment Manager
Legal Counsel
Compliance Officer
Risk Manager
Banking Relationship Manager
Senior Finance Executive
Board Director
Managing Director
Company Secretary
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