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Article Eleven

No: 43033200 Date(g): 18/11/2021 | Date(h): 13/4/1443 Status: In-Force

Translated Document

Effective from Dec 01 2021 - Nov 30 2021
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The financing company wishing to purchase the debt may not allow the customer to use the remaining amount of the financing—after the debt has been purchased—until it has received a release letter from the financing company selling the debt and obtained sufficient guarantees for granting the financing, along with any other regulatory and operational requirements, as applicable. These details must be clarified to the customer before proceeding with the debt purchase, as required by Article (7) of these instructions.