Use this when requesting a line of credit from a new supplier or vendor.
Average days to pay or any history of late payments. finance credit
This is the formal payment instruction sent to the bank alongside shipping documents. Use this when requesting a line of credit
[Applicant Name] has listed your company as a credit reference. We would appreciate if you could provide the following details regarding their account: How long they have been a customer. Credit Limit: Their current or highest credit limit. [Applicant Name] has listed your company as a
[Draft Number] Date: [Date of Issuance] For: [Currency & Amount in Figures]
At [Sight / X Days After Sight], pay to the order of the sum of [Amount in Words] for value received and charge the same to the account of [Applicant/Buyer Name] under Letter of Credit No. [LC Number] dated [LC Date] issued by [Issuing Bank Name] . To: [Drawee/Bank Name and Address]
"I/We authorize [Company Name] to make any inquiries necessary to verify my/our financial status." Signature: Must be signed by an authorized officer. 3. Credit Reference Request Letter