Loss Share Agreement Template for Nigeria

1. Asset Management Obligations: Required when the agreement includes specific requirements for managing covered assets

2. Third Party Administrator: Include when a third party will administer the loss share program

3. Recovery Sharing: Include when parties agree to share any recoveries on previously claimed losses

4. Regulatory Compliance: Detailed section needed when agreement involves specific regulatory requirements or approvals

5. Data Protection and Confidentiality: Enhanced section when agreement involves sensitive customer data

6. Step-in Rights: Include when one party has the right to take over management of covered assets

7. Cross-Default Provisions: Include when agreement is linked to other financial agreements between parties

1. Schedule 1 - Covered Assets: Detailed list and description of assets covered under the agreement

2. Schedule 2 - Loss Share Calculations: Detailed formulae and examples of loss calculations

3. Schedule 3 - Claim Forms: Standard forms and documentation required for loss share claims

4. Schedule 4 - Reporting Templates: Templates for regular reporting requirements

5. Schedule 5 - Service Levels: Timeline and performance standards for claims processing

6. Appendix A - Asset Classification Criteria: Criteria for classifying assets and determining eligibility for loss share

7. Appendix B - Regulatory Approvals: Copies of relevant regulatory approvals and conditions

8. Appendix C - Authorized Signatories: List of authorized representatives for both parties