Accounts Receivable Assignment Agreement Template for South Africa

1. Recourse Provisions: Used in agreements with recourse, detailing the Assignor's obligations to repurchase or replace non-performing receivables

2. Security Arrangements: Required when additional security is provided for the assigned receivables

3. Data Protection Compliance: Detailed POPIA compliance measures when significant personal information is involved

4. Foreign Currency Provisions: Needed when receivables are denominated in foreign currencies

5. Credit Insurance: Provisions relating to credit insurance arrangements if applicable

6. Power of Attorney: Authorization for Assignee to act on Assignor's behalf in collecting receivables

7. Anti-Money Laundering Compliance: Required when transaction falls under FICA requirements

8. VAT Provisions: Detailed VAT handling procedures when applicable to the receivables

1. Schedule 1 - Assigned Receivables: Detailed list of all receivables being assigned, including account numbers, debtor details, and amounts

2. Schedule 2 - Form of Notice to Debtors: Template notice to be sent to debtors informing them of the assignment

3. Schedule 3 - Transfer Documents: List of all documents required to effect the transfer of receivables

4. Schedule 4 - Collection Procedures: Detailed procedures for collecting and processing payments on receivables

5. Schedule 5 - Excluded Receivables: List of receivables specifically excluded from the assignment

6. Appendix A - Due Diligence Checklist: Checklist of required due diligence documents and verifications

7. Appendix B - Compliance Certificates: Required compliance and authority certificates from both parties