Document background
The Security Assignment Agreement is a key document used in Swiss secured financing transactions where rights, claims, or receivables are provided as collateral. It is commonly used in various contexts including project finance, asset finance, and general corporate lending. The agreement details the specific rights being assigned, perfection requirements under Swiss law, enforcement mechanisms, and the ongoing obligations of the parties. The document must comply with Swiss security interest regulations, particularly regarding form requirements and third-party notifications. It is essential in transactions where lenders require security over intangible assets such as contract rights, insurance claims, or bank account balances. The Security Assignment Agreement typically forms part of a broader security package and may be accompanied by other security documents depending on the transaction structure.
