Document background
The Credit Facility Letter is a fundamental banking document used in Malaysia when financial institutions extend credit facilities to borrowers. It represents the formal documentation of a credit approval and serves as the primary agreement governing the lending relationship. Used across various financing scenarios, from corporate lending to project financing, the document must comply with Malaysian banking regulations, including the Financial Services Act 2013 and, where applicable, the Islamic Financial Services Act 2013. The Credit Facility Letter typically follows specific formatting and content requirements established by Malaysian banking practice and regulatory guidelines, incorporating both conventional and Shariah-compliant financing principles where relevant. It acts as a comprehensive record of the facility terms, conditions, and obligations of all parties involved.
