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Credit Partner Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Credit Partner Agreement is essential for businesses operating in Malaysia's financial services sector who wish to establish formal partnerships for credit provision and management. This document is particularly relevant when financial institutions seek to expand their credit distribution channels through partnerships with other entities, such as FinTech companies, marketplace platforms, or other financial service providers. The agreement must comply with Malaysian regulatory requirements, including the Financial Services Act 2013, Anti-Money Laundering regulations, and data protection laws. It typically includes detailed provisions for credit facility operations, risk sharing, compliance procedures, and operational protocols, making it suitable for various partnership models in the credit distribution ecosystem.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses






























Relevant Industries

Financial Services

Banking

FinTech

E-commerce

Retail

Technology

Telecommunications

Insurance

Marketplace Platforms

Consumer Finance

Relevant Teams

Legal

Compliance

Risk Management

Finance

Operations

Business Development

Partnerships

Credit Operations

Product Development

Information Technology

Account Management

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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