Business Instalment Loan/Business Overdraft/ Enterprise … · 2018-11-01 · 1 Enterprise Singapor...

© Copyright 2018 Standard Chartered Bank. All rights reserved. Standard Chartered Bank (Singapore) Limited | Reg. No. 201224747C | BB/BIL_BOD_WCL/September 2018

Signature of Approving Signatory Signature of Approving Signatory S.V.

1 Client 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/Business Overdraft/ Enterprise Singapore SME Working Capital LoanFacility Request FormStandard Chartered Bank (Singapore) Limited

2 Contact Details

Will your Contact Person be an approving signatory? Yes No

Will your Contact Person be an authorised signatory? Yes No

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

|

Country of Incorporation|

Date of Incorporation (dd/mm/yyyy)|

Years In Operation|

Company/ Business Registration Number |

GST/Tax Reference Number|

Number of Employees (including owners) |Customer Base

| 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/Business Overdraft/Enterprise Singapore SME Working Capital LoanFacility Request Form


6 Financial Summary

Latest FY (dd/mm/yyyy) | Sales (S$’000)

Net Profit Before Tax (S$’000)

Total Assets (S$’000)

Total Liabilities (S$’000)

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

Date of Birth/Incorporation(dd/mm/yyyy)

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$’000) (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 current account with the Bank? | Yes No1

Your existing current account number with the Bank (if applicable) |Please select the facility to be set up on this account: (please note that an Overdraft facility cannot be tagged to the same current account as a Term Loan)

Business Instalment Loan Enterprise Singapore SME Working Capital Loan2 Business Overdraft

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.




10 Facilities Requested (please complete section 10A, 10B, 10C 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, and 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.

Phone Interview

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

I/We prefer my/our credit limit for my/our Business Overdraft 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 the Current Account set up with the Business Overdraft as payment for the Business Overdraft first year annual fee.

Please note that the annual fee is subject to interest charges if it is drawn on the Business Overdraft limit.

Preferred Credit Limit: Up to |

Preferred Minimum Credit Limit | (optional)

(between 12 months to 36 months)

(between 12 months to 36 months)




11 Mandate/Board/Directors Resolution/Minutes of Meeting

Name of Entity (the “Client”)|

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 Client, 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

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Signature Signature

Name|| Name

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1 Please delete if not applicable.

Resolution

It was resolved/decided that:

1. The Approving Signatories as listed in Part A of the Schedule hereto may from time to time in their absolute discretion, 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 or cash management (including electronic client access services) documentation as required from time to time;

c. Bind the Borrower to the General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank as amended from time to time and any term for cash management services and products (including electronic client access services) as amended from time to time;

d. Amend the list of Authorised Signatories as specified in Part B of the Schedule;

POINTS (e) AND/OR (f) WILL APPLY UNLESS DELETED

e. 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 counterindemnities, and any other documents which may be required by the Bank in connection with such facilities insofar as they are not by their nature required to be executed under the common seal of the Borrower;

f. Sign and deliver an ISDA master agreement, whether with or without a credit support annex, or any other master agreements and other documents in relation to foreign exchange transactions, swaps, options and other derivatives transactions, 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; and enter into any financial transaction of a type from time to time offered by the Bank (“Transactions”), whether orally, in writing or through an electronic messaging or dealing system and bind the Borrower to the terms agreed for each Transaction;

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

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

i. 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.

IMPORTANT INFORMATION: Points 1(e) and 1(f) above are intended to allow the Approving Signatories to sign up to borrowing facilities or any other service or product which the Borrower may wish to use or buy from the Bank now or at any time in the future. If points 1(e) and/or 1(f) are excluded from this Mandate, the Borrower may need to provide fresh board resolutions/minutes of meeting each time it wishes to sign up to a new service or product.

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




Resolution (continuous)

2. The Approving Signatories as listed in Part A of the Schedule may from time to time in their absolute discretion delegate any of their authority or powers referred to in point 1 above to any one or more persons and revoke any such delegation.

3. The Authorised Signatories as listed in Part B of the Schedule hereto may from time to time in their absolute discretion, on behalf of and in the name of the Borrower:a. Bind the Borrower to the General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank as amended from time

to time and any term for cash management services and products (including electronic client access services) as amended from time to time;b. Sign (i) instructions in writing 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) confirmations of Transactions and (iv) instructions in writing in respect of the settlement or performance of Transactions, including, without limitation, notices exercising any option or other right of election under any Transaction; and

c. Operate the Borrower’s accounts with the Bank.

4. The Approving Signatories as listed in Part A of the Schedule to this Mandate and the Authorised Signatories 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 to which the Borrower is a party with the power to instruct the Bank 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. That the Borrower applies to the Bank for a Business Instalment Loan (the “Business Instalment Loan”)/Business Overdraft (the “Business Overdraft”)/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/Business Overdraft/Enterprise Singapore SME Working Capital Loan Facility Request Form (the “Application Form”), which Business Instalment Loan/Business Overdraft/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/Business Overdraft 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 5(a) is required where the Borrower applies for Business Instalment Loan, point 5(b) is required where the Borrower applies for Enterprise Singapore SME Working Capital Loan and points 5(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, 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 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 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 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.

[Where the application is made for the Business Overdraft]*c. That while the Borrower applies for the Business Overdraft up to the limit of , it accepts and agrees that the Bank may approve such

Business Overdraft limit that the Bank may decide to grant in its sole discretion, and avail such Business Overdraft limits to any of the Borrower’s accounts with the Bank. The Borrower agrees that such approval of the Business Overdraft shall constitute acceptance by the Bank of the Borrower’s offer without any further action from the Borrower or the Bank.

d. That the Borrower shall procure its director(s) listed in Section 6 of the Application Form to provide personal guarantee(s) for the facilities.

**IMPORTANT INFORMATION: Points 5(e)(iii) and (iv) are required where the Borrower applies for Business Instalment Loan and/or Enterprise Singapore SME Working Capital Loan, points 5(e)(v) and (vi) are required where the Borrower applies for Business Overdraft. Delete as applicable.

e. 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

[Where the application is made for the Business Overdraft]**v. 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 Overdraft as the Bank may require from time to time; andvi. Negotiate and agree with the Bank to amend, vary or renew the Business Overdraft (whether on the same or different terms) and the terms and conditions set out

in the Application Form, Business Overdraft Terms and Conditions and General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank.

f. 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 and/or the Business Overdraft.

g. 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 the Business Overdraft 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.

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

7. 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.











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

||



|

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) |




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).

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$50,000 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 Proprietorship

Name of Proprietor (for Sole Proprietorship)

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

|Limited Liability Company Others (please specify)

Source of Funds

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)




12 Declaration

1. I/We declare that all the particulars and information given above and in the Enterprise Singapore application form (where applicable), is true and I/we have not withheld any information which may be material in the context of this application.

2. If any of the information given herein becomes inaccurate or misleading or changes in any way whether before this application is approved or whilst any amount under the facilities is outstanding, I/we shall promptly notify the Bank of such changes.

3. I/We agree that I/we have received, read and understood, and have agreed with and accepted the Business Instalment Loan Terms and Conditions, the Enterprise Singapore SME Working Capital Loan Terms and Conditions, the Business Overdraft Terms and Conditions and the General Business Banking Terms and Conditions and/or applicable terms and conditions entered into with the Bank which set out the terms of the facilities granted.

4. 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).

5a. [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.

5b. [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.

5c. [Where application is made for the Business Overdraft] 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 Overdraft shall be subject to full terms as may be set out by the Bank the agreement between us.

5d. I/We understand that we may only apply for either the Business Instalment loan and/or Enterprise Singapore SME Working Capital Loan and/or Business Overdraft at any given time.

5e. 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] or credit limit [where the application is made for the Business Overdraft] 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.

6a. [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.

6b. [Where application is made for the Business Overdraft] I/We understand and agree that by submitting this Application Form, I/we offer to borrow from the Bank an overdraft facility of such overdraft limit as the Bank may

approve in its sole and absolute discretion.

6c. [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.

7. Without prejudice to the Bank’s rights to disclose information relating to its customers under the common law, the Banking Act (as amended or re-enacted from time to time) or otherwise, I/we authorise the Bank to disclose any information and particulars relating to the Borrower, the Principal(s) and this application, and the facilities applied for or may be granted hereunder to any of the Bank’s head office, branches, representative offices, subsidiaries, related corporations or affiliates worldwide, any credit bureau approved by the relevant authority, the Bank’s agents, contractors and any other persons for any purpose as the Bank deems fit in the Bank’s discretion. In addition, I/we hereby consent to the Bank sending at my/our sole risk, by ordinary mail or any other means the Bank deems appropriate (including but not limited to email, telephone, mobile telephone, facsimile transmission, short message services (SMS) from mobile telephone, or any other electronic equipments) any credit card, all information regarding my/our account, the facilities applied for or may be granted hereunder, personal identification number, all statements of accounts and any other communications or correspondences addressed to me/us (collectively “personal information”) in accordance with my/our addresses on the Bank’s records. I/We agree that any risks (eg, 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. I/We agree that at 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 equipments, 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; I/We consent to us contacting you 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 your strategic partners, may offer; these authorisation will continue notwithstanding the loan not being approved or the account(s) opened.

8. 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, 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.

9. I/We hereby 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 bureau recognised as such by the Monetary Authority of Singapore) and to obtain and verify and/or disclose or release any information relating to me/us and/or any of my/our account(s) with the Bank from or to any party or source as you may from time to time deem fit at your own discretion and without any liability or notice to me/us.






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 Consent

12 Declaration (continuous)

10. Upon disbursement of the Facility(ies), the Borrower shall pay to the Bank an 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.

11. 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, Enterprise Singapore SME Working Capital Loan and the Business Overdraft, as the case may be).

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).




Signature of Authorised Signatory Signature of Authorised Signatory

Name|

Name|


14 Referral Acknowledgement (for referred applications only)

14A Introducer’s Details (Agent)

Name of Introducer/Referrer|

ROC No. of Introducer/Referrer |Contact Number |

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

Name of Referred Applicant|

Business Registration Number |AcknowledgementI, the Referred Applicant, acknowledge that I have been referred by the Introducer/Referrer named above to take up a Standard Chartered Business Instalment Loan/Business Overdraft/Enterprise Singapore SME Working Capital Loan. I am aware that the Introducer/Agent will be eligible to receive a Referral Fee from the Bank.

Signature of Salesperson Signature of Line Manager

Business Unit | Business Unit |Signing Number| Signing Number |

PSID PSID

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.

Signature of Authorised Signatory Signature of Authorised Signatory

Name|

Name|




15 For Bank Use Only

Account Opening

Account Type Account Number Product Code

Current Account

Current Account

For Business Instalment Loan/Business Overdraft/Enterprise Singapore SME Working Capital Loan

Channel Channel Code Remarks

For Business Overdraft setup Product Code: 327 CR Interest Code: 098 DR Interest Code: 067 OD Class: CBJ

Remarks

ID Type/No. | Withholding Tax | Yes No

Customer Type | Related Party | Yes No

Constitution Code | CDD Risk | SDD (1) EDD (2) MEDD (3)

ISIC Code | Inter Group | No (80) Yes (N.A.) Affiliate Code (N.A.)

MAS Code | ARM Code | 350 353 RM Code

MAS Residency Code | RIWAC Counterparty Type |

For company having withholding tax waiver letter from IRAS, a copy of the letter is forwarded to Country Finance (Tax).

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.

Verified By (Name [PSID]) Signature Approved By (Name [PSID]) Signature

Business Instalment Loan/Business Overdraft/ Enterprise … · 2018-11-01 · 1 Enterprise Singapor...

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Transcript of Business Instalment Loan/Business Overdraft/ Enterprise … · 2018-11-01 · 1 Enterprise Singapor...