Document background
The Master Credit Agreement is a fouNDAtional document used when parties anticipate an ongoing credit relationship involving multiple facilities or drawdowns over time. It streamlines the lending process by establishing standard terms that apply to all subsequent credit extensions, reducing negotiation time and documentation requirements for each new facility. Under Singapore law, this agreement must comply with MAS guidelines and banking regulations, making it particularly suitable for financial institutions and corporate borrowers operating in Singapore's financial hub. The Master Credit Agreement typically includes facility terms, security arrangements, representations and warranties, and enforcement mechanisms.
