Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Security Account Control Agreement
"I need a Security Account Control Agreement under South African law for a renewable energy project, where multiple foreign currency accounts need to be controlled by a syndicate of international lenders, with the agreement taking effect from March 1, 2025."
1. Parties: Identifies the key parties: Account Holder, Secured Party, and Account Bank
2. Background: Sets out the context of the security arrangement and references the primary security agreement
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles specific to South African law
4. Account Control and Security: Establishes the control mechanism and security interest over the accounts
5. Bank's Rights and Responsibilities: Details the Account Bank's obligations, including following instructions and maintaining the account
6. Control and Instructions: Specifies who can give instructions and when, including the transition after Notice of Exclusive Control
7. Secured Party's Rights: Outlines the rights of the Secured Party, including when and how they can exercise control
8. Account Holder's Rights and Obligations: Details the Account Holder's permitted activities and restrictions regarding the account
9. Representations and Warranties: Contains standard representations from all parties regarding authority, capacity, and account status
10. Fees and Expenses: Addresses the Bank's fees and expense reimbursement rights
11. Indemnification: Sets out indemnification obligations of the parties, particularly to the Account Bank
12. Term and Termination: Specifies the duration and termination circumstances of the agreement
13. Notices: Details how formal notices must be given between parties
14. General Provisions: Contains standard boilerplate provisions adapted to South African law
1. Multiple Secured Parties: Required when there are multiple secured parties to establish priority and control rights
2. Foreign Currency Accounts: Needed when controlled accounts include foreign currency deposits
3. Electronic Banking Provisions: Required when electronic banking services are used for the controlled accounts
4. Special Instructions: Used when specific standing instructions or operational requirements exist
5. Intermediary Bank Provisions: Required when an intermediary bank is involved in the account structure
6. Tax Provisions: Needed when specific tax considerations apply to the account arrangement
7. Force Majeure: Optional expanded force majeure provisions for specific circumstances
1. Schedule 1 - Account Details: Lists all accounts subject to the agreement, including account numbers and types
2. Schedule 2 - Authorized Signatories: Lists authorized persons who can give instructions for each party
3. Schedule 3 - Form of Notice of Exclusive Control: Template for the Secured Party to exercise exclusive control
4. Schedule 4 - Form of Termination Notice: Template for terminating the agreement
5. Schedule 5 - Bank's Fee Schedule: Details of the Bank's fees for maintaining the control agreement
6. Schedule 6 - Operating Procedures: Detailed procedures for account operation and instruction processing
7. Appendix A - Specimen Signatures: Contains specimen signatures of all authorized signatories
8. Appendix B - Communication Methods: Details accepted methods of communication and authentication procedures
Authors
Banking
Financial Services
Corporate Lending
Investment Banking
Asset Management
Private Equity
Infrastructure Finance
Project Finance
Commercial Real Estate
Mining and Resources
Legal
Finance
Treasury
Compliance
Risk Management
Banking Operations
Credit
Security and Collateral Management
Transaction Management
Project Finance
Corporate Finance
Legal Counsel
Finance Manager
Treasury Manager
Security Trustee
Relationship Manager
Credit Manager
Compliance Officer
Risk Manager
Transaction Manager
Project Finance Manager
Corporate Finance Manager
Banking Operations Manager
Security Agent
Account Manager
Financial Controller
Find the exact document you need
Overcontract
A South African law-governed agreement establishing terms between a principal contractor and overcontractor for project execution and service delivery.
Debit Authorization Agreement
A South African law-governed agreement authorizing recurring automatic debit payments from a designated bank account, compliant with local banking and consumer protection regulations.
Loan Account Agreement
A South African law-governed agreement establishing terms and conditions for a loan account between lender and borrower, compliant with the National Credit Act.
Account Purchase Agreement
A South African law-governed agreement for the purchase and transfer of accounts receivable or debt portfolios between parties, including regulatory compliance requirements.
Rental Agreement For Bank Account Opening
A South African rental agreement that doubles as valid proof of address documentation for bank account opening, compliant with both rental and banking regulations.
Master Account Agreement
A South African law-governed agreement establishing the primary banking relationship between a financial institution and its account holders, covering all aspects of account operations and services.
Credit Card Responsibility Agreement
A South African law-governed agreement establishing terms and conditions between credit card issuers and cardholders, compliant with the National Credit Act.
Running Account Credit Agreement
A South African law-governed agreement establishing a revolving credit facility between a credit provider and consumer, compliant with the National Credit Act.
Checking Agreement
A South African law-governed agreement establishing terms and conditions between a bank and customer for checking/current account services.
Business Account Agreement
A South African law-governed agreement establishing the terms and conditions for business banking services between a financial institution and a business entity.
Bookkeeping Confidentiality Agreement
A South African law-governed agreement establishing confidentiality obligations between bookkeepers and clients, ensuring POPIA compliance and protection of financial information.
Trust Account Agreement
A South African law-governed agreement establishing the terms and conditions for managing and administering a trust account, including trustee duties and compliance requirements.
Letter Of Authorization To Debit Account
A South African banking document authorizing automatic debit orders from a bank account, compliant with local banking regulations and consumer protection laws.
Cash Account Management Agreement
A South African law-governed agreement between a bank and account holder establishing terms for cash account management and operations.
Account Control Agreement
A South African law-governed tripartite agreement establishing control over deposit accounts as collateral security, defining rights and control mechanisms between account holder, secured party, and bank.
Notice Of Assignment Of Accounts Receivable
A South African legal notice informing debtors that their accounts receivable have been assigned from one creditor to another, including new payment instructions and acknowledgment requirements.
Savings Account Agreement
South African law-governed agreement establishing terms and conditions for operating a savings account between a bank and customer, compliant with local banking regulations.
Security Account Control Agreement
A South African law-governed agreement establishing control over bank accounts as collateral security, between an account holder, secured party, and account bank.
Deposit Account Agreement
South African law-governed agreement establishing terms and conditions for operating a bank deposit account, ensuring compliance with local banking and consumer protection regulations.
Margin Agreement
A South African law-governed agreement establishing terms for posting and managing collateral between financial counterparties.
Account Bank Agreement
A South African law-governed agreement establishing banking arrangements and account operations between a bank and other parties, typically used in project finance or corporate banking contexts.
Bank Account Agreement
A South African law-governed agreement establishing the terms and conditions between a bank and its account holder for operating a bank account and related services.
Securities Account Control Agreement
A South African law-governed tripartite agreement establishing control over a securities account for secured financing purposes, regulated under the Financial Markets Act and Financial Sector Regulation Act.
Account Management Agreement
A South African law-governed agreement establishing terms for professional account management services, incorporating local financial sector regulations and compliance requirements.
Joint Account Agreement
A South African law-governed agreement establishing the terms and conditions for operating a joint bank account between multiple account holders and a banking institution.
Account Pledge Agreement
A South African law-governed agreement creating security over bank accounts through a pledge arrangement, establishing rights and obligations of the pledgor and pledgee.
Account Opening Agreement
A South African law-governed agreement establishing terms and conditions for bank account opening and maintenance between a financial institution and account holder(s).
Certificate Of Deposit Agreement
A South African law-governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor, including interest rates and maturity conditions.
Account Receivable Purchase Agreement
South African law-governed agreement for the sale and transfer of accounts receivable between a business and a financial institution, detailing purchase terms and operational procedures.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.