Assignment Of Debt Agreement Template for South Africa

1. Security: Include when the original debt is secured by collateral or guarantees

2. Debtor Consent: Include when the original agreement requires debtor consent for assignment

3. Further Assurance: Include when additional actions may be needed to perfect the assignment

4. Tax Provisions: Include when there are specific tax implications that need to be addressed

5. Costs and Expenses: Include when there are specific arrangements about who bears the costs of the assignment

6. Confidentiality: Include when sensitive commercial information is involved

7. Anti-Money Laundering Compliance: Include when either party is a regulated entity or for high-value assignments

1. Schedule 1 - Details of the Debt: Detailed description of the debt being assigned, including amount, interest rate, and payment terms

2. Schedule 2 - Original Agreement: Copy of the original agreement creating the debt

3. Schedule 3 - Payment History: Statement showing the current balance and payment history of the debt

4. Schedule 4 - Security Documents: Copies of any security documents, guarantees, or collateral agreements

5. Appendix A - Form of Notice to Debtor: Template for the notice to be sent to the Debtor informing them of the assignment

6. Appendix B - Supporting Documents: List and copies of all relevant supporting documents