Cash Collateral Agreement

Cash Collateral Agreement Template for Nigeria

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Cash Collateral Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Cash Collateral Agreement governed by Nigerian law for a syndicated lending arrangement where multiple banks will hold security over USD 5 million cash collateral, with ABC Bank Limited acting as security trustee; the agreement needs to be completed by March 2025."

Document background

The Cash Collateral Agreement is a critical security document used in Nigerian banking and financing transactions where cash deposits serve as collateral for various obligations. This document is commonly utilized in lending arrangements, trading relationships, and other financial transactions where a secured party requires liquid security. The agreement must comply with Nigerian secured transactions legislation, particularly the Secured Transactions in Movable Assets Act 2017 and the Banks and Other Financial Institutions Act 2020. It typically includes detailed provisions on collateral maintenance, interest arrangements, enforcement rights, and release conditions. The document is essential for financial institutions managing credit risk and for businesses seeking to provide liquid security for their obligations.

Suggested Sections

1. Parties: Identification of the collateral provider and the secured party

2. Background: Context of the agreement, including reference to any underlying obligations or facility agreements

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Creation of Security Interest: Provisions establishing the security interest over the cash collateral

5. Perfection Requirements: Steps required to perfect the security interest under Nigerian law

6. Maintenance of Collateral: Requirements for maintaining the collateral amount and top-up provisions

7. Rights and Obligations: Detailed rights and obligations of both parties regarding the collateral

8. Representations and Warranties: Standard representations and warranties from both parties

9. Events of Default: Circumstances constituting default and consequences

10. Enforcement: Rights and procedures for enforcing the security interest

11. Interest and Payments: Provisions regarding interest on the collateral and payment mechanics

12. Duration and Release: Term of the agreement and conditions for release of collateral

13. Notices: Communication requirements and contact details

14. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction provisions

Optional Sections

1. Currency Provisions: Required when collateral is provided in a currency different from the secured obligations

2. Tax Provisions: Detailed tax provisions when specific tax implications need to be addressed

3. Multiple Parties: Additional provisions required when there are multiple collateral providers or secured parties

4. Set-off Rights: Specific set-off provisions when parties have multiple relationships or accounts

5. Regulatory Compliance: Additional compliance provisions for regulated entities

6. Assignment and Transfer: Provisions governing transfer of rights when assignment is permitted

Suggested Schedules

1. Account Details: Details of the collateral account(s) and account bank

2. Collateral Amount: Specification of the initial and minimum collateral amounts

3. Notice Forms: Standard forms for various notices required under the agreement

4. Authorized Signatories: List of authorized signatories for each party

5. Security Registration Forms: Forms required for registration with relevant Nigerian authorities

6. Calculation Methods: Methods for calculating interest, top-up amounts, and other financial calculations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking

Financial Services

Insurance

Corporate Lending

Investment Services

Real Estate

Infrastructure

Oil and Gas

Manufacturing

Telecommunications

Trading and Commerce

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Credit

Corporate Banking

Securities Operations

Collateral Management

Transaction Management

Relevant Roles

Chief Financial Officer

Treasury Manager

Finance Director

Legal Counsel

Compliance Officer

Risk Manager

Credit Manager

Banking Relationship Manager

Security Trustee

Corporate Treasurer

Financial Controller

Transaction Manager

Collateral Manager

Legal Director

Chief Risk Officer

Find the exact document you need

Membership Pledge Agreement

A Nigerian law-governed agreement establishing membership terms, commitments, and obligations between an organization and its members.

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Cash Collateral Agreement

Authors

Alex Denne

Find the exact document you need

Membership Pledge Agreement

Real Estate Security Agreement

Security Agreement For Promissory Note

Personal Property Security Agreement

Data Privacy Contract

Security Agreement Contract

Pledge Security Agreement

Global Master Repurchase Agreement

Equipment Security Agreement

Stock Escrow Agreement

Retail Installment Contract And Security Agreement

Personal Loan Contract With Collateral

Shareholder Agreement Transfer Of Shares

Inventory Security Agreement

Stock Pledge Agreement

Security Account Control Agreement

Collateral Security Agreement

Master Security Agreement

Collateral Sharing Agreement

Promissory Note And Security Agreement

Collateral Access Agreement

Property Collateral Agreement

Pledge And Security Agreement

Security Loan Agreement

Agreement For Security Deposit

Master Repurchase Agreement

Convertible Equity Agreement

Asset Pledge Agreement

Pledge Of Shares Agreement

Overnight Reverse Repurchase Agreement

Loan Collateral Agreement

Film Investment Contract

Collateral Trust Agreement

Collateral Pledge Agreement

Share Charge Agreement

Stock Transfer Contract

Security Sharing Agreement

Reverse Repurchase Agreement

Contract Of Sale Of Shares

Negative Pledge Agreement

Margin Lending Agreement

Security Lending Agreement

Cash Collateral Agreement

Deposit Control Agreement

Stock Repurchase Agreement

General Security Agreement

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise