Document background
The Short Term Credit Agreement is commonly used in Singapore's financial sector when businesses or individuals require temporary financing for working capital, trade finance, or bridging purposes. It's designed to comply with Singapore's robust financial regulations and banking laws, providing a structured framework for short-term lending relationships. The document typically includes essential elements such as facility limits, interest calculations, security arrangements (if any), and enforcement mechanisms, all aligned with Singapore's legal requirements and MAS guidelines. This agreement is particularly relevant for situations requiring quick access to funds with a clear exit strategy within 12 months.
