Running Account Credit Agreement Template for Malaysia

1. Islamic Banking Provisions: Required when the facility needs to be Shariah-compliant

2. Guarantee: Include when a guarantor is required for the facility

3. Insurance: Required when specific insurance coverage is mandatory

4. E-Services: Include when electronic banking services are part of the facility

5. Joint and Several Liability: Required for multiple borrowers

6. Foreign Currency Provisions: Include when facility involves foreign currency transactions

7. Set-off Rights: Optional provisions for the bank's right to set-off against other accounts

8. Assignment and Transfer: Include when transfer rights are important for the facility

1. Schedule 1 - Facility Details: Specific details of credit limit, interest rates, and fees

2. Schedule 2 - Conditions Precedent: List of documents and conditions required before facility activation

3. Schedule 3 - Drawing Notice Form: Standard form for drawdown requests

4. Schedule 4 - Calculation of Interest: Detailed methodology for interest calculation

5. Schedule 5 - Security Documents: List and copies of security documents

6. Schedule 6 - Authorized Signatories: List of persons authorized to operate the account

7. Appendix A - Fee Schedule: Comprehensive list of all applicable fees and charges

8. Appendix B - Compliance Requirements: Regulatory compliance requirements and procedures