Facility / Paying Agency

 

If you are a corporate borrower in need of a large volume of borrowing, you may contact several creditor financial institutions to form a syndicate in order to finance your loan. In this arrangement, the contracting parties may appoint a Loan/Facility Agent where the latter acts as liaison between a corporate borrower and a syndicate of creditors to ensure compliance by all parties with all the covenants under the Loan/Facility Agreement.

Client Suitability

  • Loan/Facility Agency arrangement is ideal for corporations wishing to borrow from a syndicate of lenders.

Service Features  

  • Monitoring compliance of required conditions for loan release
  • Monitoring of covenants under the relevant agreements
  • Periodic interest rate setting
  • Serves as paying agent and disbursing agent by receiving the borrower's interest and principal payments for distribution among its syndicate of creditors
  • Coordinating creditors' meetings

Benefits to Clients

  • Appointing a Loan/Facility Agent benefits the contracting parties since an objective and independent party will be handling and monitoring the loan requirements/covenants. The Agent will ensure safety of documents and uniformity in periodic interest rate setting, coordinate collection of payments from the borrower and to creditors, and monitor compliance of parties to the loan covenants. Moreover, it will also be convenient for the borrower because it need not deal directly with all creditors but with a single Loan/Facility Agent instead. 

 

  1. Loan / Facility Agency Agreement
  2. Original copy of the Loan / Facility Agreement
  3. Notarized Secretary's Certificate on the Board Resolution of the corporation
    • Appointing BDO Trust and Investments Group as Loan / Facility Agent
    • Designating the authorized signatories therefor;
  4. Copy of Certificate of Filing of Articles of Incorporation and By-laws issued by the Securities and Exchange Commission with the Articles and By-laws annexed certified true by SEC or the Corporation's Corporate Secretary;
  5. List of the directors/officers and list of stockholders holding more than 2% stockholdings of the Corporation;
  6. Two (2) Specimen Signature Cards and Customer Account Records (to be provided by BDO-Trust) duly signed/accomplished by the authorized signatory/ies of the Corporation and duly authenticated by the Corporation's Corporate Secretary;
  7. Photocopies: Picture and signature pages of acceptable identification cards (passports, driver's license, SSS, TIN etc.) of the signatories of the Corporation;
  8. Other documents as required under the Loan / Facility Agreement

Protect your greatest asset by partnering with the market leader

Your employees are your company’s most valuable asset. It is only right to take care of them, and to empower them to build a good life after retirement.

 

However, establishing a corporate retirement program can seem overwhelming. That’s where the BDO Trust and Investments Group (BDO Trust) can help you. Armed with unparalleled experience in this field, we will find ways to develop the right retirement program that addresses your company’s unique needs.

 

If you want to learn more, please leave your details below. A BDO Trust Account Officer will reach out to you soon.

 

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