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Credit Partner Agreement
"I need a Credit Partner Agreement for a partnership between our bank and a fintech company that will provide digital lending services through our banking platform, with the agreement to commence on March 1, 2025, focusing on consumer loans up to RM50,000."
1. Parties: Identification of the contracting parties including registered addresses and company details
2. Background: Context of the agreement, relationship between parties, and purpose of the credit partnership
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Scope of Partnership: Details of the credit partnership arrangement and authorized activities
5. Credit Facility Terms: Terms and conditions of credit facilities, including limits, interest rates, and repayment terms
6. Rights and Obligations: Detailed responsibilities and rights of each party in the credit partnership
7. Risk Allocation: Distribution of risks between partners including credit risk, operational risk, and market risk
8. Compliance Requirements: Regulatory compliance obligations including AML, KYC, and reporting requirements
9. Revenue Sharing: Formula and mechanisms for sharing revenues, fees, and interest income
10. Operational Procedures: Day-to-day operational procedures and requirements
11. Term and Termination: Duration of agreement, renewal terms, and termination provisions
12. Confidentiality: Protection and handling of confidential information
13. Dispute Resolution: Procedures for resolving disputes between parties
14. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. White Label Provisions: Include when credit products are offered under the partner's brand
2. Technology Integration: Include when the partnership involves API integration or shared technology platforms
3. Credit Assessment Delegation: Include when partner is authorized to conduct credit assessments
4. Collection Authority: Include when partner is authorized to conduct debt collection activities
5. Insurance Requirements: Include when credit facilities require specific insurance coverage
6. Marketing and Promotion: Include when agreement covers joint marketing activities
7. Training Requirements: Include when staff training obligations are part of the partnership
8. Data Sharing: Include detailed data sharing provisions when extensive customer data exchange is involved
1. Schedule 1 - Credit Products: Detailed specifications of credit products offered under the partnership
2. Schedule 2 - Pricing and Fees: Detailed fee structure, interest rates, and revenue sharing calculations
3. Schedule 3 - Operational Procedures: Detailed operational workflows and procedures
4. Schedule 4 - Service Levels: Service level agreements and performance metrics
5. Schedule 5 - Compliance Checklist: Detailed regulatory compliance requirements and procedures
6. Schedule 6 - Required Reports: Templates and specifications for required reporting
7. Schedule 7 - Technical Integration: Technical specifications for system integration
8. Appendix A - Key Personnel: List of key contacts and authorized personnel from each party
9. Appendix B - Documentation Requirements: Required documentation for credit applications and processing
Authors
Financial Services
Banking
FinTech
E-commerce
Retail
Technology
Telecommunications
Insurance
Marketplace Platforms
Consumer Finance
Legal
Compliance
Risk Management
Finance
Operations
Business Development
Partnerships
Credit Operations
Product Development
Information Technology
Account Management
Chief Financial Officer
Head of Partnerships
Legal Counsel
Compliance Officer
Risk Manager
Credit Operations Manager
Partnership Development Manager
Business Development Director
Chief Risk Officer
Head of Credit
Financial Controller
Operations Director
Chief Technology Officer
Product Manager
Account Manager
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