United States
The IECA Financial Statement Confidentiality Agreement Form (“IECA Confi”) was developed to facilitate the exchange of non-public financial statements for the purpose of conducting credit evaluations. It is an important tool for credit professionals and their colleagues who are involved in the evaluation of non-public financial statements. As an “off the shelf” form, ready for download from the IECA website, the IECA Confi is a valuable expedient to negotiating the terms of confidentiality for financial statements to be provided at the start of a trading relationship or as part of subsequent credit reviews.
Highlights:
* The project was initiated at the request of a credit professional
* The form is modeled on an in-house template that has over time proven to expedite the negotiation process
* It is intended for financial statements only
* It is a template for a 1-page contract
* The form was developed with significant contributions from contract administrators, credit professionals, and in-house and outside counsel
