Document background
A Receivables Transfer Agreement is commonly used in Singapore's commercial landscape when businesses seek to monetize their accounts receivable or implement financing arrangements. This document type is crucial for factoring, securitization, and other receivables-based financing structures. Under Singapore law, the agreement must comply with specific requirements for valid assignment, including the Civil Law Act and Companies Act provisions. The document typically details the receivables being transferred, purchase price mechanisms, representations about the quality of receivables, and compliance with regulatory requirements. It's particularly relevant in trade finance, supply chain financing, and asset-based lending scenarios.
