Document background
The Credit Facility Letter To Customer is a fundamental banking document used in Singapore when extending credit facilities to customers. It serves as the primary agreement documenting the credit relationship between a financial institution and its customer. The letter is drafted in compliance with Singaporean banking regulations and MAS guidelines, providing comprehensive details about the facility including amount, purpose, interest rates, tenure, security requirements, and conditions precedent. This document is essential for both parties as it clearly defines their rights and obligations, and forms the basis for the credit relationship.
