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The letter also sets interpretation rules covering definitions, singular/plural, gender, and entity scope, and includes provisions relating to personal data and security interests.",{"@graph":14,"@context":77},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/letter-of-set-off/385557/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/letter-of-set-off/385557.png","ImageObject",442,249,{"name":42,"@type":43},"Kurz","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-07","2026-09-24",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69,73],{"name":60,"@type":61,"acceptedAnswer":62},"What is the purpose of a Letter of Set-off?","Question",{"text":63,"@type":64},"It sets out the legal framework under which the bank can apply deposits against the customer’s indebtedness through the bank’s right of set-off.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What powers does the bank have under the right of set-off?",{"text":68,"@type":64},"The bank may retain deposits, renew or redeposit them, terminate or uplift deposits before maturity, and set off and transfer deposits to satisfy indebtedness.",{"name":70,"@type":61,"acceptedAnswer":71},"How does the document define key terms such as deposits and indebtedness?",{"text":72,"@type":64},"It provides detailed definitions for deposits (moneys held or earned on accounts) and indebtedness (all monetary obligations and liabilities, including interest, fees, charges, and related costs).",{"name":74,"@type":61,"acceptedAnswer":75},"What rules govern interpretation of the letter?",{"text":76,"@type":64},"The letter specifies interpretation rules for singular/plural usage, gender, references to different types of entities, and states that clause headings are for reference only.","https://schema.org",{"og:url":32,"og:type":79,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":81,"canonical":32},"index,follow",{"doc_id":83,"site_id":7},385557,1791325777,{"code":4,"msg":86,"data":87},"success",[88,93,98,103,108,113,118,122,126],{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},11,"Presentations",90,"presentations",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},12,"Resumes",80,"resumes",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},14,"Invoices",70,"invoices",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},15,"Posters",60,"posters",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},16,"Social Media",50,"social-media",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},17,"Forms",40,"forms",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":120,"slug":121},18,30,"letters",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":55,"slug":125},21,"Paper Templates","papers-templates",{"id":127,"doc_module":22,"doc_module_name":25,"category_name":128,"show_sort_weight":4,"slug":129},158,"General","general-158",{"code":4,"msg":86,"data":131},{"doc_id":83,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":22,"category_id":119,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":109,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":143,"read_time":144},2336478945635,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","LETTER OF SET-OFF  \nDate :  \nTo : UNITED OVERSEAS BANK (MALAYSIA) BHD.  \n(Company No. 271809 K)  \nIn consideration of you:-  \n(a) having lent, agreeing to lend , continuing to lend moneys;  \n(b) having made available, making available or continuing to make available banking facilities or other accommodation (referred to in this Letter of Set-off as“Banking Facilities”); or  \n(c) having granted, granting or continuing to grant time and/or indulgence in any manner and for as long as you may at your sole discretion consider fit  \nto us and at our request and/or desire, we,  \nhereby irrevocably and unconditionally agree and undertake with you as below.  \n1.  DEFINITIONS AND INTERPRETATION  \nIn this Letter of Set-off, unless there is something in the subject or context inconsistent with such construction or unless it is expressly provided otherwise:-  \n1.1  Definitions  \n1.1.1 “Authorised Persons” means any person we authorise (either alone or collectively), and notified to you in writing , to operate any account we may have with you, and to act on our behalf in giving instructions, to perform any acts under any agreement between you and us, or to use any facility, product or service you make available to us ;  \n1.1.2 “Deposits” means the total of all moneys, in whatsoever currency, now or at any time after this which are held in or earned on any of our accounts whatsoever with you in Malaysia or elsewhere whether singly or jointly or jointly and severally with any other person (including accounts opened in your name);  \n1.1.3 “Group” means your branches, agencies, representative offices, affiliated, associated or related corporations, and their respective officers, servants or agents, whether situated in or out of Malaysia, and includes you;  \n1.1.4 “Indebtedness” means all moneys, obligations and liabilities in any currency whatsoever, whether actual or dependent on some event, now or at any time in the future, which are owing to you or to any of your branches in Malaysia or elsewhere by us whether singly or jointly or jointly and severally with any other person and in whatever style, name or form and whether as principal or surety, together with interest (both before and after any demand or judgment and regardless whether the banker-customer relationship between you and us has  \nceased or been terminated) up to the date of payment at such ratesand compounded at such periodical rests as you may specify from time to time, commissions, fees and other charges and all legal and other costs charges and expenses incurred by you in relation to us on a full indemnity basis;  \n1.1.5 “Personal Data” may include, but is not limited to, our name, address, occupation, contact details, information captured on security systems (including a recording of our image on Closed Circuit Television (CCTV)), the information contained in any of our account(s) we may have with you either singly or jointly with any other person, the type of products and/or services that we have subscribed to with you and such other necessary data regarding us and our transaction(s) with you;  \n1.1.6 “Security Interest” means any mortgage, charge, pledge, lien, assignment, hypothecation, right of set-off or security interest or other encumbrance whatsoever or other security arrangement or agreement or any right conferring a priority of payment howsoever created or arising;  \n1.1.7 “we / our / ours /us ” means and refers to the person or persons signing this Letter of Set-off; if this Letter of Set-off is signed by more than one person, “we / our / ours /us ” refers to all those persons jointly and severally so that the obligations and liabilities of those persons are also joint and several; and  \n1.1.8 “you / yours” means and refers to United Overseas Bank (Malaysia) Bhd (Company No. 271809 K) with its office at :  \n1.2  Interpretations  \n1.2.1 words referring to the singular number include the plural number and vice versa and all plural nouns shall include the singular and","cbCaibcTqHsTnNpz","https://ap.wps.com/l/cbCaibcTqHsTnNpz","pdf",248083,"English","# Definitions and Interpretation\n## Definitions\n## Interpretations\n# Right of Set-off\n## Banker’s Continuing Right","[{\"question\":\"What is the purpose of a Letter of Set-off?\",\"answer\":\"It sets out the legal framework under which the bank can apply deposits against the customer’s indebtedness through the bank’s right of set-off.\"},{\"question\":\"What powers does the bank have under the right of set-off?\",\"answer\":\"The bank may retain deposits, renew or redeposit them, terminate or uplift deposits before maturity, and set off and transfer deposits to satisfy indebtedness.\"},{\"question\":\"How does the document define key terms such as deposits and indebtedness?\",\"answer\":\"It provides detailed definitions for deposits (moneys held or earned on accounts) and indebtedness (all monetary obligations and liabilities, including interest, fees, charges, and related costs).\"},{\"question\":\"What rules govern interpretation of the letter?\",\"answer\":\"The letter specifies interpretation rules for singular/plural usage, gender, references to different types of entities, and states that clause headings are for reference only.\"}]","LETTER OF SET-OFF | PDF",1790270002,6]