Trade Credit Agreement Template for Canada

1. Cross-Border Provisions: Required when trade credit involves international transactions, addressing currency conversion, trade regulations, and cross-border security

2. Personal Guarantee: Used when additional security is required through personal guarantees from directors or shareholders

3. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required to protect the credit provider's interests

4. Credit Insurance: Terms relating to credit insurance when the facility is backed by credit insurance

5. Subordination: Required when there are multiple creditors and priority arrangements need to be established

6. Financial Covenants: Detailed financial maintenance covenants when dealing with larger credit facilities or higher-risk customers

7. Change of Control: Provisions dealing with changes in ownership or control of the customer's business

8. Electronic Commerce: Provisions for electronic ordering and payment systems when relevant to the trading relationship

1. Schedule A - Credit Limit and Pricing: Detailed breakdown of credit limits, interest rates, and fee structure

2. Schedule B - Security Documents: List and copies of security documents, including PPSA registrations

3. Schedule C - Payment Terms Matrix: Detailed payment terms for different products or order types if applicable

4. Schedule D - Reporting Requirements: Format and timing of required financial and operational reports

5. Schedule E - Permitted Security Interests: List of pre-existing or permitted security interests on the customer's assets

6. Schedule F - Form of Compliance Certificate: Template for periodic compliance certification by the customer

7. Appendix 1 - Application Form: Standard credit application form completed by the customer

8. Appendix 2 - Personal Guarantee Form: Standard form of personal guarantee if applicable