Reinsurance Security Agreement Template for Malaysia

1. Security Trustee Provisions: Required when a security trustee is appointed to hold collateral on behalf of the reinsured

2. Currency Provisions: Needed when security is provided in multiple currencies or currency conversion is required

3. Tax Provisions: Detailed tax clauses required when security arrangements have significant tax implications

4. Multiple Beneficiaries: Required when security is shared among multiple reinsureds

5. Investment Guidelines: Needed when collateral includes investment securities requiring specific management

6. Rating Trigger Events: Include when security requirements are linked to credit rating changes

7. Regulatory Compliance: Detailed compliance provisions when parties are subject to specific regulatory requirements

1. Schedule 1 - Secured Reinsurance Agreements: List and details of underlying reinsurance agreements covered by the security arrangement

2. Schedule 2 - Collateral Specifications: Detailed requirements for acceptable collateral including types, ratings, and haircuts

3. Schedule 3 - Valuation Methodology: Detailed procedures for valuing collateral and calculating required amounts

4. Schedule 4 - Form of Notices: Standard forms for various notices required under the agreement

5. Schedule 5 - Security Account Details: Specifications of security accounts and custodian arrangements

6. Appendix A - Calculation of Security Amount: Formulae and procedures for calculating required security amounts

7. Appendix B - Reporting Requirements: Templates and procedures for regular reporting on security status

8. Appendix C - Operating Procedures: Detailed procedures for day-to-day operation of the security arrangement