The Funds Transfer Agreement serves as a crucial legal document in the Philippine banking and financial services sector, establishing the contractual relationship between financial institutions and their clients for fund transfer services. This agreement is essential when parties need to formalize arrangements for regular financial transactions, whether domestic or international, and must comply with strict regulatory requirements set by the Bangko Sentral ng Pilipinas (BSP). The document addresses key aspects such as transfer authorization, security protocols, fee structures, and processing timeframes, while ensuring compliance with the Anti-Money Laundering Act, Data Privacy Act, and other relevant Philippine regulations. It's particularly important for businesses engaging in regular financial transactions and financial institutions offering transfer services.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of the parties entering into the agreement
2. Background: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Details the types of fund transfers covered and service parameters
5. Authorization and Instructions: Specifies how transfer instructions must be given and authenticated
6. Security Procedures: Outlines mandatory security measures and verification processes
7. Fees and Charges: Specifies all applicable fees, charges, and payment terms
8. Processing Times: Establishes standard processing times and cut-off times for transfers
9. Compliance Requirements: Addresses regulatory compliance including AML and KYC requirements
10. Data Privacy and Confidentiality: Details handling of personal and financial information
11. Liability and Indemnification: Outlines liability limitations and indemnification obligations
12. Term and Termination: Specifies duration, renewal, and termination conditions
13. Governing Law and Jurisdiction: Establishes applicable law and jurisdiction for disputes
14. General Provisions: Includes standard boilerplate clauses like notices, amendments, and severability
1. Foreign Exchange Transactions: Include when agreement covers international transfers or currency conversion
2. Intermediary Banks: Include when transfers may require routing through correspondent banks
3. Special Account Provisions: Include when dealing with special account types or joint accounts
4. Electronic Banking Services: Include when offering additional electronic banking features
5. Business Day Processing: Include for corporate clients with specific business day requirements
6. Force Majeure: Include detailed force majeure provisions for high-value transfer services
7. Insurance Requirements: Include when specific insurance coverage is required
8. Service Level Agreement: Include for corporate clients requiring specific service levels
1. Schedule A - Fee Schedule: Detailed breakdown of all fees and charges
2. Schedule B - Security Protocols: Detailed security procedures and requirements
3. Schedule C - Authorized Personnel: List of authorized persons who can initiate transfers
4. Schedule D - Processing Times: Detailed processing times for different types of transfers
5. Schedule E - Transfer Limits: Maximum transfer amounts and frequency limits
6. Appendix 1 - Forms: Standard forms for transfer instructions and authorizations
7. Appendix 2 - Technical Requirements: Technical specifications for electronic transfers
8. Appendix 3 - Compliance Checklist: Regulatory compliance requirements and documentation
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Payment Services
Financial Technology
Electronic Money Services
Corporate Services
Retail Banking
International Trade
Remittance Services
Treasury Services
Electronic Commerce
Relevant Teams
Legal
Compliance
Treasury
Finance
Operations
Risk Management
Corporate Banking
Retail Banking
Payment Operations
Customer Service
Account Management
Transaction Banking
Anti-Money Laundering
Information Security
Relevant Roles
Chief Financial Officer
Treasury Manager
Compliance Officer
Legal Counsel
Banking Operations Manager
Financial Controller
Risk Manager
Payment Services Director
Corporate Banking Manager
Retail Banking Manager
Operations Director
Transaction Banking Head
AML Compliance Manager
Financial Services Manager
Account Manager
Find the exact document you need
Overline Of Credit Agreement
A Philippine law-governed agreement establishing terms for a credit facility exceeding normal credit limits, compliant with BSP regulations.
Download
Credit Card Use Agreement
A Philippine-law governed agreement between credit card issuer and cardholder establishing terms for credit card usage, subject to BSP regulations.
Download
Standby Letter Of Credit Agreement
A Philippine law-governed agreement establishing terms for a standby letter of credit, detailing party obligations and drawing conditions under local banking regulations.
Download
Home Credit Contract
A Philippine law-governed lending agreement for home-related credit facilities, incorporating mandatory consumer protection and lending regulations.
Download
Money Lending Agreement
A Philippine law-governed agreement establishing terms and conditions for money lending, including loan amount, interest, repayment terms, and security arrangements.
Download
Home Equity Line Of Credit Agreement
A Philippine-law governed agreement establishing a revolving credit facility secured by residential property equity, detailing credit terms, security arrangements, and parties' rights and obligations.
Download
Home Equity Line Agreement
A Philippine-law governed agreement establishing a revolving credit facility secured by residential property equity, setting out terms for borrowing against home value.
Download
Equity Line Agreement
A Philippine law-governed financing agreement providing flexible funding through committed share purchases, subject to local securities regulations.
Download
Credit Agreement Contract
A Philippine law-governed agreement establishing terms and conditions for providing credit facilities, compliant with BSP regulations and local banking laws.
Download
Credit Agreement Between Two Parties
A Philippine law-governed agreement establishing credit terms between a lender and borrower, including loan amount, interest, repayment terms, and parties' obligations.
Download
Business Line Of Credit Agreement
A Philippine law-governed agreement establishing a revolving credit facility between a financial institution and a business entity, setting out terms for credit access, repayment, and security arrangements.
Download
Customer Credit Agreement
A Philippine law-governed agreement establishing terms for extending credit to customers, compliant with local banking and consumer protection regulations.
Download
Pro Forma Credit Agreement
A standardized credit facility agreement template compliant with Philippine banking laws and BSP regulations, establishing terms between lender and borrower.
Download
Cash Credit Agreement
A Philippine law-governed agreement establishing terms and conditions for a cash credit facility between a financial institution and borrower, compliant with local banking regulations.
Download
Small Credit Agreement
A Philippine law-governed agreement for small-scale lending transactions, ensuring regulatory compliance while facilitating straightforward credit arrangements between lenders and borrowers.
Download
Promissory Note Credit Agreement
A Philippine law-governed document combining a promissory note and credit agreement, establishing terms for loan repayment and securing the lender's interests.
Download
General Credit Agreement
A Philippine law-governed agreement establishing terms and conditions for credit extension between lender and borrower, compliant with local banking regulations.
Download
Simple Loan Note Agreement
A legally binding loan agreement under Philippine law that documents loan terms, conditions, and parties' obligations, ensuring compliance with local banking and civil regulations.
Download
Short Term Credit Agreement
Philippine law-governed agreement establishing terms for short-term credit facilities, ensuring compliance with local banking regulations and consumer protection requirements.
Download
Instalment Credit Agreement
A Philippine law-governed agreement establishing terms for installment-based credit facilities, compliant with local financial regulations and consumer protection laws.
Download
Installment Credit Agreement
A Philippine law-governed agreement establishing terms for installment-based credit arrangements, including payment schedules, interest rates, and party obligations.
Download
Letter Of Credit Loan Agreement
A Philippine law-governed agreement establishing terms for combined loan and letter of credit facilities between a bank and borrower for trade finance purposes.
Download
30 Day Credit Agreement
A Philippine-law governed 30-day credit agreement template for business-to-business transactions, compliant with local banking and commercial regulations.
Download
Credit Term Agreement
A Philippine law-governed agreement establishing credit terms between lender and borrower, compliant with local banking and consumer protection regulations.
Download
Standby Credit Agreement
A Philippine law-governed agreement where a bank commits to provide contingent credit or payment to a beneficiary upon specified conditions, subject to local banking regulations.
Download
Revolving Credit Facility Agreement
A Philippine law-governed agreement establishing a revolving credit facility between a lender and borrower, allowing flexible borrowing up to a predetermined limit.
Download
Term Loan Credit Agreement
A Philippine law-governed agreement establishing terms and conditions for a term loan facility, including loan amount, interest rates, repayment terms, and related obligations.
Download
Supplier Credit Agreement
A Philippine law-governed agreement establishing credit terms between supplier and buyer, including payment conditions, interest rates, and security arrangements.
Download
Revolving Credit Promissory Note
A Philippine law-governed financial instrument establishing a revolving credit facility with repeated draw-down capabilities, documenting the borrower's promise to pay and facility terms.
Download
Business Credit Agreement
A Philippine law-governed agreement establishing terms for business credit facilities between a financial institution and a business borrower.
Download
Master Credit Agreement
A comprehensive agreement governing credit facilities between lender and borrower under Philippine law, establishing terms for loans and credit accommodations.
Download
Letter Of Credit Contract
A Philippine-law governed agreement establishing terms and conditions for documentary credit facilities in international trade transactions, incorporating local banking regulations and UCP 600.
Download
Creditor Agreement
A Philippine law-governed agreement establishing credit terms and conditions between a creditor and debtor, including loan details, security arrangements, and enforcement provisions.
Download
Credit Note Agreement
A Philippine-compliant legal agreement establishing terms for issuing a credit against a previous invoice, meeting local tax and commercial law requirements.
Download
Credit Application Agreement
A Philippine-compliant agreement establishing terms and conditions between a financial institution and credit applicant, governed by local banking regulations and the Truth in Lending Act.
Download
Revolving Line Of Credit Agreement
A Philippine law-governed agreement establishing a revolving credit facility between lender and borrower, setting out terms for credit access, repayment, and facility management.
Download
Term Facility Agreement
A Philippine law-governed agreement establishing terms and conditions for a fixed-term loan facility between lender and borrower, compliant with local banking regulations.
Download
Revolving Promissory Note
A Philippine law-governed financial instrument establishing a renewable credit facility that allows repeated borrowing up to a specified limit, subject to BSP regulations.
Download
Employee Credit Card Agreement
A Philippine-law governed agreement establishing terms and conditions for employee corporate credit card usage, including rights, responsibilities, and compliance requirements.
Download
Credit Purchase Agreement
A Philippine law-governed agreement establishing terms for credit extension in purchase transactions, compliant with local banking and consumer protection regulations.
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)