Document background
The Bilateral Credit Agreement is a fundamental financing document used when a lender (typically a financial institution) agrees to provide credit facilities to a borrower under Hong Kong law. It is essential for various financing transactions, from corporate lending to asset financing, and can be adapted for different facility types including term loans, revolving facilities, or mixed facilities. The agreement comprehensively documents the lending relationship, including facility terms, conditions, covenants, and security arrangements (if applicable). It must comply with Hong Kong banking regulations, including the Banking Ordinance and related regulatory requirements. This document is particularly important in Hong Kong's role as a major financial center, where it facilitates both domestic and cross-border lending transactions while providing legal certainty and enforcement mechanisms under Hong Kong law.
