Document background
The Revolving Agreement is a crucial financing instrument in Singapore's commercial landscape, providing flexible access to credit for businesses and individuals. This document type is particularly relevant when parties require ongoing access to funds with the ability to draw down and repay multiple times within a set limit. The agreement, governed by Singapore law, encompasses comprehensive terms including facility limits, interest rates, security arrangements, and compliance with local banking regulations. It's commonly used for working capital financing, trade facilities, and general corporate purposes, incorporating specific requirements under Singapore's Banking Act and MAS guidelines.
