Business Instalment Loan/ Enterprise Singapore SME Working … · 2019-04-02 · 1 Enterprise...

© Copyright 2018-2019 Standard Chartered Bank. All rights reserved. Standard Chartered Bank (Singapore) Limited | Reg. No. 201224747C | BB/BIL_WCL/April 2019

Signature of Approving Signatory


S.V.

1 Borrower Information

Name of Entity (insert FULL legal name exactly as it appears in the constitutional documents) |

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Registered Business Address

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City/State/Country |Postal Code |

Registered Address same as

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Operating Address

Mailing Address

Both Operating and Mailing Address

Not Applicable

Operating Address

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Mailing Address

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Business Premise is

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Self-Owned

Fully Paid Up Mortgaged

Rented

Office Telephone Number |Office Fax Number (optional) |Website (optional)

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Business Instalment Loan/ Enterprise Singapore SME Working Capital LoanFacility Request FormStandard Chartered Bank (Singapore) Limited

2 Contact Details

Contact Person’s Name (insert FULL legal name exactly as it appears in the constitutional documents) |

| | Designation of

Contact Person|| |

Contact Details Office | Mobile | E-mail

|Fax

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Country of Incorporation|

Date of Incorporation (dd/mm/yyyy)|

Years In Operation|

Company/ Business Registration Number |GST/Tax Reference Number(optional) |Number of Employees (including owners) |Customer Base (optional) |

Business Customers

Individual Customers

Constitution/Legal Status

Sole Proprietorship

Unlimited Partnership

Limited Partnership

Society/Association/Club/Religious Organisation

Limited Liability Company

Others (please specify)

How to fill in this form

3 Please use BLOCK LETTERS to complete this form3 Leave boxes blank if they do not apply to you3 All sections are compulsory unless otherwise stated

3 If you make a mistake, please print a fresh page3 Please keep a copy of this form together with the relevant terms and

conditions for your record


Business Instalment Loan/Enterprise Singapore SME Working Capital LoanFacility Request Form



S.V.

6 Financial Summary

Latest FY (yyyy) | Sales (S$)

Net Profit Before Tax (S$)

Total Assets (S$)

Total Liabilities (S$)

5 Nature of Business/Business Activity

Major Business Activity/Nature of Business Manufacturing Wholesale Commerce Trading Import/Export

Logistics and Transportation Services Professional Firms Retail Commerce

Commission Agents Financial Consultant

| Others (please specify) |Details of Products/Services |

7 Shareholder Details

Name of Shareholders (Individual or Entity)NRIC/Passport/ACRA Number

Nationality/Country of Incorporation

Shareholdings Guarantor

Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

4 Group Company Information

Is your entity part of a group companies? | Yes No

Estimated Group Annual Sales Turnover (S$) (if applicable) |

3 Relationship Details

Does your entity have an existing relationship with Standard Chartered Bank (Singapore) Limited? | Yes No

Do you want any of the applied facility to be set up on your existing local current account with the Bank? | Yes No1

Business Instalment Loan Enterprise Singapore SME Working Capital Loan2

Your existing current account number with the Bank (if applicable) |Please select the facility to be set up on this account:

1 If any of the applied facility is not set up on an existing current account with the Bank, please fill in the mandate for Part A and/or B Signatories.2 Enterprise Singapore SME Working Capital Loan is granted pursuant to Enterprise Singapore’s scheme and applicants need to concurrently fill in Enterprise Singapore’s

application form. Please note that your application for the Enterprise Singapore SME Working Capital Loan is also subject to the approval and conditions of Enterprise Singapore.





S.V.

10 Facilities Requested (please complete section 10A and 10B, where applicable)

Purpose of Loan (please tick where applicable)

For working capital For renovation of business premises

For import/export of goods Other business purpose (please specify) |

For purchase of local goods & services

For buying of equipment/machinery/vehicles

1

Loan Amount Requested | Phone Interview

Minimum Loan Amount Required | (optional) Preferred Date (dd/mm/yyyy) |Loan Tenure: Up to

|months

Preferred Time |

I/We prefer to be granted a Business Instalment Loan amount as indicated above and the credit limit(s) for my/our other existing credit facilities to remain unchanged.

I/We acknowledge that by applying for this loan, the remaining outstanding sums from my/our existing Business Instalment Loan account(s) will not be transferred and added to my/our new loan account along with the approved top-up loan amount for this application. My/Our existing Business Instalment Loan will not be redeemed at no fee to me/us. (This selection does not apply for top-up application without latest income documents.)

I/We hereby authorise the Bank to debit Business Instalment Loan first year annual fee from the approved loan amount for this application.

Loan Amount Requested | Phone Interview

Minimum Loan Amount Required | (optional) Preferred Date (dd/mm/yyyy) |Loan Tenure: Up to

|months

Preferred Time |

I/We prefer to be granted a Enterprise Singapore SME Working Capital Loan amount as indicated above and the credit limit(s) for my/our other existing credit facilities to remain unchanged.

I/We hereby authorise the Bank to debit Enterprise Singapore SME Working Capital Loan first year annual fee from the approved loan amount for this application.

1 Enterprise Singapore SME Working Capital Loan is granted pursuant to Enterprise Singapore’s scheme and applicants need to concurrently fill in Enterprise Singapore’s application form. Please note that your application for the Enterprise Singapore SME Working Capital Loan is also subject to the approval and conditions of Enterprise Singapore.

(between 12 months to 36 months)

(between 12 months to 36 months)


S.V.


11 Mandate/Board/Directors Resolution/Minutes of Meeting

Name of Entity (the “Borrower”)|

Country of Incorporation/Establishment |Business Registration Number | Date of Resolution (dd/mm/yyyy) |

To: Standard Chartered Bank (Singapore) Limited (the “Bank”)

We, being [the company secretary/director(s)/partner(s)/member(s)/trustee(s)/legal representative(s)]1 of the Borrower, hereby certify that the resolutions/minutes of meeting set out below are true extract of the resolutions of the board of directors/members/trustees/minutes of meeting of the partners of the Borrower passed with effect from the date shown above.

Signature Signature

Name|| Name

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Designation|| Designation

||

Signature Signature

Name|| Name

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1 Please delete if not applicable.

Resolution

It was resolved that:

1. The Approving Signatories listed in Part A of the Schedule to this Mandate may from time to time, on behalf of and in the name of the Borrower:

a. Open and close bank accounts of any type with the Bank;

b. Sign and deliver any account opening, cash management, trade banking, electronic banking and/or any other related documentation as required from time to time with the Bank;

c. Arrange with the Bank for advances to the Borrower by way of discount, loan, overdraft or otherwise, and for the granting of credits and the issue of guarantees by the Bank from time to time and to sign on behalf of the Borrower any form of deposit and withdrawal, Memorandum of Deposit, Letter of Trust, Mortgage or any other grant of security whatsoever relating to any securities or property or documents of title relating thereto to secure any advances, obligations, undertakings, instructions, guarantees, indemnities and counter-indemnities, and any other documents required by the Bank in connection with such facilities unless they are required to be executed under the Common Seal of the Borrower;

d. Sign and deliver an ISDA Master Agreement, with or without a Credit Support Annex, and any other agreements or confirmations in relation to derivatives transactions (including, without limitation foreign exchange and commodity related transactions, swaps and options), securities dealing (including, without limitation, repurchase and securities lending transactions), money market transactions and collateral or margin arrangements relating to such transactions between the Bank and the Borrower;

e. Agree, amend, supplement, restate or vary the terms of any agreement or document referred to in the foregoing resolutions;

f. Enter into any banking, financial or commercial transaction and/or related services from time to time offered by the Bank (“Transactions”), whether orally, in writing or through an electronic messaging or dealing system;

g. Do any or all the acts and things as set out in resolutions 3a. to e. below;

h. Amend the list of Authorised Persons as specified in Part B of the Schedule to this Mandate;

i. Appoint any agent or agents to act on the Borrower’s behalf to carry out the purposes and intent of the foregoing resolutions; and

j. If any agreement, instrument or other document is required to be executed under the Common Seal of the Borrower, that the Common Seal be affixed to such agreement, instrument or document in accordance with the Borrower’s Articles of Association.





S.V.

Resolution (continuous)

2. The Approving Signatories as listed in Part A of the Schedule to this Mandate may from time to time delegate any of their authority or powers referred to in resolution 1 above to any one or more persons specified as Authorised Persons as listed in Part B of the Schedule to this Mandate and revoke any such delegation.

3. The Authorised Persons as listed in Part B of the Schedule to this Mandate may from time to time, on behalf of and in the name of the Borrower:a. Bind the Borrower to the Bank’s account opening, cash management, trade banking, electronic banking and/or related documentation as required from time to time;b. Issue (i) instructions for the payment of money, or the dealing of securities, to or from any account maintained by the Borrower with the Bank, (ii) payment instruments

in the form of cheques, drafts, money orders, cashier’s order or other similar instrument, (iii) instructions in respect of the settlement or performance of Transactions, including, without limitation, notices exercising any option or other right of election under any Transaction;

c. Provide confirmation to the Bank in relation any instruction or Transaction;d. Operate any account through electronic banking services and delegate such authority to any other person; ande. Conduct any other activity or Transaction delegated by Approving Signatories.

4. The Approving Signatories as listed in Part A of the Schedule to this Mandate and the Authorised Persons as listed in Part B of the Schedule to this Mandate may appoint any affiliated company of the Borrower (or its representative) as the agent of the Borrower for the purposes of any netting, aggregation or pooling arrangement (whether notional or actual) with the Bank and/or any affiliate of the Bank to which the Borrower is a party with the power to instruct the Bank (and/or the Bank’s affiliates) to apply balances on the Borrower’s accounts and to apportion interest as calculated in accordance with such arrangements between the Borrower and its affiliates participating therein. These arrangements, together with any associated guarantee by the Borrower of the obligations of its affiliates participating with the Borrower in such arrangements, including debit balances on their participating accounts, shall be in the commercial interest and to the benefit of the Borrower.

5. Any step already taken by the Approving Signatories and/or Authorised Persons or their agents as contemplated by resolutions 1, 2, 3 and 4 above is ratified by the Borrower.

6. These resolutions will remain in force unless and until the Borrower delivers to the Bank a new resolution revoking, amending or superseding these resolutions, and the Bank has had a reasonable opportunity to update its records.

7. That the Borrower applies to the Bank for a Business Instalment Loan (the “Business Instalment Loan”)/Enterprise Singapore SME Working Capital Loan (the “Enterprise Singapore SME Working Capital Loan”) for such amount and for such tenure (if applicable) set out in the Business Instalment Loan/Enterprise Singapore SME Working Capital Loan Facility Request Form (the “Application Form”), which Business Instalment Loan/Enterprise Singapore SME Working Capital Loan shall be subject to the terms and conditions set out in the Application Form, Business Instalment Loan Terms and Conditions/Enterprise Singapore SME Working Capital Loan Terms and Conditions and as stated in Enterprise Singapore’s application form and General Business Banking Terms and Conditions which may be amended by the Bank from time to time.

*IMPORTANT INFORMATION: Point 7(a) is required where the Borrower applies for Business Instalment Loan, point 7(b) is required where the Borrower applies for Enterprise Singapore SME Working Capital Loan and points 7(c) and (d) are required where the Borrower applies for Business Overdraft. Delete as applicable.

[Where the application is made for the Business Instalment Loan]*a. That while the Borrower applies for the Business Instalment Loan of up to and for a tenure of up to months, the Borrower

accepts and agrees that the Bank may approve such amount and tenure that the Bank may decide to grant in its sole discretion, and disburse or avail such Business Instalment Loan amount into any of the Borrower’s accounts with the Bank. The Borrower agrees that such disbursement or availing of the Business Instalment Loan shall constitute acceptance by the Bank of the Borrower’s offer without any further action from the Borrower or the Bank. It was also noted that under the terms and conditions set out in the Application Form, Business Instalment Loan Terms and Conditions and General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank, if the loan amount or tenure granted by the Bank differs from that which the Borrower has applied for the Borrower may prepay or cancel the Business Instalment Loan in full, without any prepayment fee, within 14 days from the date of the Bank’s Notice.

[Where the application is made for the Enterprise Singapore SME Working Capital Loan]*b. That while the Borrower applies for the Enterprise Singapore SME Working Capital Loan of up to and for a tenure of up to

months, it accepts and agrees that the Bank may approve such amount and tenure that the Bank may decide to grant in its sole discretion, and disburse or avail such Enterprise Singapore SME Working Capital Loan amount into any of the Borrower’s accounts with the Bank. The Borrower agrees that such disbursement or availing of the Enterprise Singapore SME Working Capital Loan shall constitute acceptance by the Bank of the Borrower’s offer without any further action from the Borrower or the Bank. It was also noted that under the terms and conditions set out in the Application Form, Enterprise Singapore SME Working Capital Loan Terms and Conditions and as stated in Enterprise Singapore’s application form and General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank, if the loan amount or tenure granted by the Bank differs from that which the Borrower has applied for the Borrower may prepay or cancel the Enterprise Singapore SME Working Capital Loan in full, without any prepayment fee, within 14 days from the date of the Bank’s Notice.

**IMPORTANT INFORMATION: Points 7(c)(iii) and (iv) are required where the Borrower applies for Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan.

c. That authority be and is hereby given to the Authorised Signatories to:i. Sign on behalf of the Borrower the Application Form;ii. Pledge or charge deposits of the Borrower and to sign on behalf of the Borrower any letter of set-off, documents and amendments or variations thereof as may

be required by the Bank relating to or for securing any advances to the Borrower and/or the Borrower’s employees or any liabilities of the Borrower to the Bank;

[Where the application is made for the Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan]**iii. Execute for and on behalf of the Borrower such acceptance and other documents, instruments, certificates, notices or agreements as may be contemplated or

required under or associated with or related to the Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan as the Bank may require from time to time; and

iv. Negotiate and agree with the Bank to amend, vary or renew the Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan (whether on the same or different terms) and the terms and conditions set out in the Application Form, Business Instalment Loan Terms and Conditions and/ or Enterprise Singapore SME Working Capital Loan Terms and Conditions and as stated in Enterprise Singapore’s application form and General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank; and

d. That if required, the common seal of the Borrower be affixed, in accordance with the Articles of Association of the Borrower, on any agreement, document or instrument required by the Bank, in connection with the Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan.

e. That any Director/Secretary/Partner of the Borrower be and is hereby authorised to certify from time to time to the Bank the names of the officers authorised by the Borrower to issue notices and instructions, negotiate and agree with the Bank on any matter in connection with the Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan and/or any account maintained by the Borrower with the Bank, and each of the persons set out in such certificates shall be deemed to have been duly authorised by the Borrower.

8. Any step already taken by the Authorised Signatories as contemplated by Points 1, 2, 3, 4, 5, 6 and 7 above be and is hereby ratified by the Borrower.

9. These resolutions will remain in force unless and until the Borrower delivers to the Bank new resolution/minutes of meeting revoking, amending or superseding these resolution/minutes of meeting.

https://www.sc.com/sg/business/booklet/







Schedule To Mandate Signatories (only applicable for new account opening)

Name of Entity (insert FULL legal name exactly as it appears in the constitutional documents)

||

Part A – Approving SignatoriesDraw a line through any unused space.

Please tick one | Any one to sign Any two to sign Other (if you tick ‘Other’, describe the alternative method of operation in the Special Instructions area below.)

Specimen Signature Specimen Signature

Name|| Name

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||

NRIC/ Passport No. |

|NRIC/ Passport No. |

|

Contact Details Contact Details

Office | Mobile | Office | Mobile | Fax | Home | Fax | Home | E-mail

|| E-mail

||

Residential Address |

| Residential Address |

|


Name || Name

||

Designation || Designation

||



|



|| E-mail

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|

Special Instructions |

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If there is insufficient space, please provide the full list of authorised signatories on a separate schedule.



Special Instructions |

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Signature(s) of person(s) duly authorised to appoint Signatories

If there is insufficient space, please provide the full list of authorised signatories on a separate schedule.

Schedule To Mandate Signatories (only applicable for new account opening)

Name of Entity (insert FULL legal name exactly as it appears in the constitutional documents)

||

Part B – Authorised SignatoriesDraw a line through any unused space.

Please tick one | Any one to sign Any two to sign Other (if you tick ‘Other’, describe the alternative method of operation in the Special Instructions area below.)


Name || Name

||


||



|



|| E-mail

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|


Name || Name

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||



|



|| E-mail

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|

Name(s) |Date (dd/mm/yyyy) |





S.V.

Your Tax Residency Status

Tax Resident in Singapore Non Tax Resident in Singapore - Country of Tax Residency

|

For non tax resident in Singapore (if applicable)

We are carrying a business in Singapore.

YES, we have a withholding tax waiver letter from the Inland Revenue Authority of Singapore (IRAS) in respect of interest payment made to us and attached herewith is the copy of the said letter.

NO, we do not have a withholding tax waiver letter from the IRAS in respect of interest payment made to us. Kindly withhold and remit the applicable withholding tax to the IRAS.

We are not carrying on a business in Singapore and do not have a permanent establishment in Singapore.

We are not carrying on a business in Singapore but have a permanent establishment in Singapore.

Should any of our above mentioned confirmation change subsequent to the submission of this form to you, we will undertake to inform you accordingly.

(For understanding of Legal/Tax Status, please refer to your finance manager/tax manager/tax consultant of your organisation. Please see extract from Singapore Income Tax Act for definitions on Tax Residency and Permanent Establishment).

Please download Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA) forms and submit along with this account opening form.

12 Important Information for SGD Current/Savings Accounts & SGD Time Deposits

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor perScheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Tax Status

Constitution/Legal Status Sole Proprietorship1

Name of Proprietor (for Sole Proprietorship)

1 If required, please download Account Opening Supplement (For Sole Proprietors) and Letter Of Authorisation & Indemnity (For Sole Proprietors) forms.

Unlimited Partnership Limited Partnership Society/Association/Club/Religious Organisation

|Limited Liability Company Others (please specify)

Source of Funds for New to Bank (only applicable for new account opening)

Country Where Source of Funds Originate|

Singapore Others (please specify)

Source of Funds (tick as many where appropriate)

Sales proceeds Services rendered

| Trust funds per Trust Deed Others (please specify)

13 Declaration

1. I/We represent and warrant that the information provided in this application and in any document(s) furnished or to be furnished by me/us as true, accurate, complete and not misleading, and I/we have not withheld any material fact. If any of the information given herein becomes inaccurate or misleading or changes in any way, whether before this application is approved or whilst the facility is outstanding, or while my/our accounts with the Bank are still open. I/We shall promptly notify the Bank of such changes. I/We agree to provide any additional information and supporting documents from time to time as may be required by the Bank.

2. Without prejudice to Standard Chartered Bank (Singapore) Limited’s (the “Bank”) rights to disclose information relating to its customers under common law, Banking Act (as amended or re-enacted from time to time) or otherwise, I/we consent and/or authorise the Bank to disclose in its absolute discretion as the Bank deems fit any information and particulars relating to the Borrower, the Principal(s), the Partner(s), the Director(s), the Guarantor(s) and my/our account and dealing relationships with the Bank, including but not limited to details of facilities, transactions undertaken and balances and positions with the Bank to:a. any person participating in the provision to the Bank, the Bank’s agents, insurers, contractors, professional advisors, outsourced agents appointed by the Bank,

or any other third party service provider, of services (including, but not limited to the making, printing, storing, mailing of cheques and chequebooks, stationery, envelopes, cards, labels, mailers or any other documents or items containing any of my/our information, sending of messages to me/us by way of the short message service (SMS), debt collection and professional, management, administrative, delivery, ATM, electronic, telecommunications, computer, payment, collections, security, investigation, clearing, credit reference, marketing, checking services, promoting any products or services) whether in Singapore or outside Singapore, under or in connection with the my/our account or the Bank’s business;

b. the police or other public officers conducting an investigation in connection with any offence;c. insurance companies, banks, financial institutions or credit or charge card companies;d. Credit Bureau (Singapore) Pte Ltd and any other credit bureau of which the Bank is or may become a member or subscriber, and shall include, where applicable,

its officers, directors, shareholders, employees and agents;

https://www.sc.com/en/regulatory-disclosures/client-tax/#crs

https://www.sc.com/en/regulatory-disclosures/client-tax/#fatca

https://av.sc.com/sg/content/docs/AOSupp-SoleProp.pdf

https://av.sc.com/sg/content/docs/LOAI-SoleProp.pdf





S.V.

13 Declaration (continuous)

2. e. any other person, regulatory, supervisory or other government authority or body, court of law or tribunal whatsoever, in Singapore or any other jurisdiction, for any purpose whatsoever, where such disclosure is required by law, regulation, judgment or order of court or order of any other tribunal;f. the Bank’s head office, branches, representative offices, subsidiaries, related corporations or affiliates (including their employees, officers, agents, servants,

correspondents, independent contractors or associates and duly appointed third party service providers), in Singapore or overseas;g. any actual or potential assignees(s) or transferee(s) of the Bank;h. any person(s) which the Bank and/or its officers, employees and agents consider in good faith is in the interest of the Bank to make such disclosure to; and the

I/we hereby acknowledge that each of the above-mentioned entities or persons may at all times disclose my/our information to the Bank and to each other.3. I/We consent to the Bank contacting me/us at the address, email address and phone numbers I/we have provided to the Bank, to give me/us information on other

products and services that the Bank, or the Bank’s strategic partners, may offer. I/We also hereby consent to the release and disclosure of my/our particulars on this form to the Bank’s strategic partners (as selected by the Bank at its discretion) so that the Bank’s said strategic partners may contact me/us directly through telephone, mail, electronic mail, fax and any other means to present and explain to me/us their financial/insurance products.

4. I/We confirm and agree that the Bank may give any information in connection with this application (including my/our personal information) to any service provider (whether located in or outside of Singapore) for the purposes of providing any service to me/us in connection with this application (including data processing).

5. I/We agree that the Bank may send by ordinary mail or other means at my/our sole risk any letter, cheques, drafts, issued in disbursement of any loan and all other documents and correspondence (collectively “personal information”) addressed to me/us to any of my/our addresses on the Bank’s records as the Bank may in its discretion select. Insofar as the personal information furnished to the Bank in connection with this application belongs to the Borrower, Principal, Partner, Director, Guarantor or their shareholder(s), agent(s), employee(s), director(s), officer(s), authorised person(s) or any other individual(s). I/We warrant that I/we have obtained their consent to the Bank’s collection, holding, storing, use, processing, transfer, disclosure and reporting (directly or indirectly) to any third party of their personal information provided to the Bank in accordance with this form. Any personal information (i) will also be processed in line with the Bank’s privacy statement available at sc.com/sg/privacy; and (ii) may be used in accordance with the Bank’s policies, terms and conditions or notices made available by the Bank to you from time to time. I/We agree that any risks (e.g. non-receipt or disclosure to any unauthorised third party) arising from the sending of the personal information will be fully borne by me/us and that the Bank will not be held responsible in any way for any losses that may be suffered by me/us as a result of the non-receipt or disclosure of the same to any unauthorised third party.

6. I/We agree that at my/our sole risk, the Bank is authorised but not obliged, to receive any instruction given by or over telephone, mobile telephone, telex, facsimile transmission, telegraph, cable, computer, email or any other electronic equipment, SMS from mobile telephone (collectively “Oral Instructions”) from or purporting to be from me/us without separate verification by me/us as to the genuineness of the Oral Instructions.

7. The above authorisations will continue notwithstanding the loan not being approved or the account(s) opened.

8. I/We confirm that the Memorandum and Articles of Association of the Borrower provides for the directors to exercise the borrowing power of the Borrower, and that all resolutions and corporate acts required to enable the Borrower to apply for and accept the facilities have been passed or done, as the case may be (for Companies only).

9a. [Where application is made for the Business Instalment Loan] I/We acknowledge that the Bank may decline my/our application without any obligation to give reason or notice for doing so. If this happens, no contractual relationship

arises between us and you. I/We further consent to the Bank retaining all the supporting documents submitted for the processing of this application, regardless of whether my/our application is approved or not. Further, I/we authorise the Bank to communicate and notify to me/us of the Bank’s indicative decision on my/our application in such a manner deemed appropriate by the Bank. Such notification shall be deemed to be received at the time communication is transmitted from the Bank’s system, and the Bank’s records of such transmission shall be conclusive evidence of the same. In addition, such indicative decision on the application is only indicative and shall not to be construed as a binding contract or agreement or obligation on the part of the Bank and any agreement to offer Business Instalment Loan shall be subject to full terms as may be set out by the Bank the agreement between us.

9b. [Where application is made for the Enterprise Singapore SME Working Capital Loan] I/We acknowledge that the Bank may decline my/our application without any obligation to give reason or notice for doing so. If this happens, no contractual relationship

arises between us and you. I/We further consent to the Bank retaining all the supporting documents submitted for the processing of this application, regardless of whether my/our application is approved or not. Further, I/we authorise the Bank to communicate and notify to me/us of the Bank’s indicative decision on my/our application in such a manner deemed appropriate by the Bank. Such notification shall be deemed to be received at the time communication is transmitted from the Bank’s system, and the Bank’s records of such transmission shall be conclusive evidence of the same. In addition, such indicative decision on the application is only indicative and shall not to be construed as a binding contract or agreement or obligation on the part of the Bank and any agreement to offer Enterprise Singapore SME Working Capital Loan shall be subject to full terms as may be set out by the Bank the agreement between us. Further, I/we confirm that all the details, information and declarations provided in this Application Form and the Enterprise Singapore application form for the Enterprise Singapore’s SME Scheme is true, accurate and updated and the Bank will consider my/our application on the basis of the information provided herein and on the Enterprise Singapore application form.

9c. I/We understand that I/we may only apply for either the Business Instalment loan and/or Enterprise Singapore SME Working Capital Loan at any given time.

9d. I/We acknowledge that the Bank may grant a loan amount [where the application is made for the Business Instalment and/or Enterprise Singapore Working Capital Loan] that is the lowest of (a) the specified preferred loan amount or credit limit indicated in Section 3; (b) the maximum credit limit allowable under prevailing regulations; and (c) such other loan amount or credit limit as determined by the Bank.

10a. [Where application is made for the Business Instalment Loan] I/We understand and agree that by submitting this Application Form, I/we offer to borrow from the Bank a loan facility of such amount and for such duration

(if applicable) as the Bank may approve and disburse/avail the facility limits into my/our account in its sole and absolute discretion.

10b. [Where application is made for the Enterprise Singapore SME Working Capital Loan] I/We understand and agree that by submitting this Application Form, I/we offer to borrow from the Bank a loan facility of such amount and for such duration

(if applicable) as the Bank may approve and disburse/avail the facility limits into my/our account in its sole and absolute discretion.

11. I/We apply to Standard Chartered Bank (Singapore) Limited for the commercial SGD Current Account as indicated above to be opened by me/us. I/We acknowledge that I/we have received, read and understood fully all the General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank and the terms and conditions contained in this account opening form and agree to be bound by them the applicable terms and conditions, in connection with the account(s) applied for hereunder as well as any and all account(s) that may be at this date be opened by me/us and/or that may hereafter be opened by me/us with the Bank (collectively “such account(s)”). In particular without limitation, I/we authorise the Bank to disclose any information and particulars relating to such accounts(s) to any and all of the persons and in accordance with the terms as set out in the paragraph entitled “Disclosure of Information” contained in the General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank. I/We warrant that the information provided in this account(s) opening form and in any document(s) furnished by me/us is true, accurate and complete. I/We also agree to be bound by any terms and conditions governing any facilities, features and services relating to such account(s) as I/we may apply for and/or utilise from time to time. (Where we are a partnership) Our agreements and warranties in this account opening form including this declaration are joint and several.

https://www.sc.com/sg/privacy/

https://www.sc.com/sg/privacy/





S.V.


Signature of Approving Signatory/Guarantor 1 * Signature of Approving Signatory/Guarantor 2 *

Name|

Name|

Date (dd/mm/yyyy) | Date (dd/mm/yyyy) |

Signature of Approving Signatory/Guarantor 3 * Signature of Approving Signatory/Guarantor 4 *

Name|

Name|


* Please delete if not applicable.

13 Declaration (continuous)

12. I/We authorise the Bank to verify or exchange any of the information I/we have given to the Bank. I/We acknowledge and agree that the Bank may refer my/our name, identification number, date of birth, and/or address to a credit reference agency or credit bureau (including but not limited to Credit Bureau (Singapore) Pte Ltd) and/or make such references and enquiries as the Bank may consider necessary (including on multiple occasions for any periodic reviews/enquiries). I/We authorise and give the Bank consent to conduct periodic and regular credit checks on me/us (including but not limited to checks with any credit reference agency, credit bureau, or any authority) and to obtain and verify and/or disclose, exchange, or release any information relating to me/us (including credit standing information), any of my/our account(s) and/or my/our credit facilities with the Bank from or to any party or source as the Bank may from time to time deem fit at the Bank’s own discretion and without any liability or notice to me/us. I/We understand and acknowledge that the multiple pulling of the Credit Bureau Score of an individual may affect the eventual result of the Credit Bureau Grade of the individual. The above consent and authorisation shall continue notwithstanding that the relevant account and/or credit facility is not approved or opened (as the case may be) by the Bank. For the avoidance of doubt, the above consent is without prejudice to the Bank’s rights to disclose customer information under common law, the Banking Act (as amended, supplemented, replaced, or re-enacted from time to time) or otherwise.

13. Upon disbursement of the Facility(ies), the Borrower shall pay to the Bank the first year annual fee as applied in the annual fee clause stated in Terms and Conditions and such fee shall be deducted from the Loan amount prior to disbursement. Notwithstanding the above, the Bank reserves its rights and in its sole and absolute discretion to vary the annual fee at any time, and the amount thereof may vary from case to case.

14. I/We understand that anywhere that the Bank’s terms refer to “Bank”, “SC” or “Standard Chartered”, these terms mean Standard Chartered Bank (Singapore) Limited in connection with all my/our accounts, instructions, products and services (including the Business Instalment Loan and the Enterprise Singapore SME Working Capital Loan as the case may be).

For Sole Proprietor (only sole proprietor to sign) I, the undersigned, declare that I am the sole proprietor of the above-mentioned Firm and, until written notice from me to the contrary, the Bank is entitled to regard me

as the sole proprietor and honour only my signature as binding for the firm and as binding on any documents executed on behalf of the firm for the purposes of and/or in relation to the credit facilities applied for. I hereby authorise the Bank to rely on my specimen signature below for the Bank’s verification purposes and I hereby undertake and agree to indemnify the Bank for relying and/or acting on any document/instruction executed for the purposes of and/or in relation to the credit facilities applied for, as long as they bear my specimen signature below.

For Partnerships (all partners to sign) We, the undersigned, carrying on the business in partnership under the above name, declare that we are the partners of the above-mentioned Firm and, until written notice

from either or all of us to the contrary, authorise the Bank to regard us as the only partners of the partnership and to honour only our respective signatures on behalf of the partnership as authorised signatories for the partnership and as binding on any documents executed on behalf of the firm for the purposes of and/ or in relation to the credit facilities applied for, in accordance with the mandate below. We hereby authorise the Bank to rely on our specimen signatures and mandate below for the Bank’s verification purposes and we hereby undertake and agree to indemnify the Bank for relying and/or acting on any document/instruction executed for the purposes of and/or in relation to the credit facilities applied for, as long as they bear any or all of our specimen signatures below, in accordance with our mandate. We undertake to advise the Bank of any change in constitution or the authorised signatory. We hereby irrevocably declare that all the partners will be liable to you jointly and severally on any obligations which may be standing in the partnership name in the Bank’s books on the date of receipt of such notice, and until all such obligations shall have been liquidated.

I/We have read, and I/we understand and agree with the applicable terms and conditions entered into with the Bank (including but not limited to the General Business Banking Terms and Conditions (including the terms relating to Lending Services, Trade Services and Foreign Exchange Services) as the same may be updated or amended from time to time at sc.com/sg/business/booklet). Further, I/we have read and agree to all the conditions and declarations stated in this form.




Signature of Approving Signatory Signature of Approving Signatory

Name|

Name|


14 Referrer Acknowledgement (for referred applications only)

14A Referrer’s Details (Agent)

Company’s Name of the Referrer|

ROC No. of Referrer |Name of Referrer Agent |Contact No. of the Referrer |

14B Referred Applicant’s Details (Borrower’s Details)

Name of Referred Applicant|

Business Registration No. |AcknowledgementI/We, the Referred Applicant, acknowledge that I/we, have been referred by the Referrer named above to take up a Standard Chartered Business Instalment Loan/Enterprise Singapore SME Working Capital Loan. I am/We are aware that the Referrer will be eligible to receive a Referral Fee from the Bank.

Signature of Salesperson Signature of Line Manager

Name of Salesperson |

Name of Line Manager |

PSID | PSID |Date (dd/mm/yyyy) | Date (dd/mm/yyyy) |

Business Instalment Loan (Standalone Facility)

Business Instalment Loan with SME Working Capital Loan (2 Facilities)

SME Working Capital Loan (Standalone Facility)

For Bank Use Only

Transact/Creditmate Reference Number |Unique Referrer ID (REL ID) |

We have checked and verified that all information indicated in this form is correct and complete.

For referrer case, Referrer had been checked against Referrers’ Register to confirm Referrer is in our panel; checked and verified that all information in this form is correct and complete.

Signature of Approving Signatory Signature of Approving Signatory

Name|

Name|


Business Instalment Loan/ Enterprise Singapore SME Working … · 2019-04-02 · 1 Enterprise...

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Transcript of Business Instalment Loan/ Enterprise Singapore SME Working … · 2019-04-02 · 1 Enterprise...