Document background
The Master Receivables Purchase Agreement serves as a foundational document for businesses seeking to monetize their receivables through ongoing sales to financial institutions or other purchasers. This agreement type is commonly used in Australia where businesses generate substantial receivables and seek to improve their working capital position or transfer credit risk. The document establishes a programmatic approach to receivables sales, incorporating necessary compliance with Australian regulatory requirements, including the Personal Property Securities Act 2009 (Cth), privacy laws, and financial services regulations. It includes detailed provisions for purchase mechanics, eligibility criteria, representations and warranties, and operational procedures, allowing parties to execute multiple sales efficiently under a single master agreement rather than negotiating separate agreements for each transaction.
