Free Business Transaction Letter : Letter Of Request For Loan Against Shares And Debentures
This Free Business Transaction Letter should be written in The Letter-Pad of the Company.
The Company's NameDoor Number and Street's Name,
Postal Code : XXXXXXX
Phone Number : 0000 - 123456789
Fax Number : 0000 - 123456788
E-mail ID : email@example.com
The Company's Name,
Full Address with Phone Number.
Kindly sanction US cash credit to the extent of USD $ 10,000 against the security of shares and debentures accompanied by blank transfer debts duly signed by the registered holders thereof. Government promissory notes duly endorsed in your favour which shall be delivered to you from time to time. We shall be bound by the following terms and conditions and such others as may be agreed to between us..
1. The rate of interst shall be 12% pa over the RESERVE BANK OF INDIA rate with minimum of 6% pa with yearly rates or such other rate as may be fixed by you from time to time after notice tous.
2. We agree to maintain in your margin as given below or such other margin as may be required of me/us. …………..% on the market value of the shares; …………………% on the market value of debentures; ………….% on the market value of government securities.
3. We fail to repay the outstanding in my/our account on demand by you or fail o make up the shortage or margin, you will be at libert to sell the securities held by you without reference to me/us and to utilize the procceds of sale for adjustment of outstanding in my/our account or for my/our other indebtedness of any kind whatsoever. You may at any time in your complete discretion fill in the blank transfers and get the shares registered in your name.
4. You will be entitled to rallies interest/dividend on the securities held by you from time to time and to credit the amounts so collected to may/our account against said securities or to any other account in which i/we may be liable.
5. WE shall pay such incidental charges in respect of my/our account every half year as may be determined by you from time to time.
6. WE mention below my/our address and undertake to notify you in written any change in the said less.
7. WE undertake to execute the usual and necessary loading documents in your favors,
Free Business Transaction Letter is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation.
Free Business Transaction Letter
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