Cancellation of Credit Line

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Our Ref: {{our_reference_number}}

Recipient Bank Information

The Manager

{{bank_name}}

{{bank_address}}

Account Number: {{account_number}}

Subject: Formal Request for Cancellation of Credit Line Facility

Dear Sir/Madam,

Introduction and Credit Line Details

This letter serves as a formal request from {{company_name}} for the immediate cancellation of our outstanding credit line facility. The details of the credit line are as follows:

Credit Line Facility Number: {{credit_line_number}}

Date of Facility Agreement: {{agreement_date}}

Current Credit Limit: {{currency}} {{credit_limit}}

Reason for Cancellation

We wish to inform you that our decision to cancel this facility is due to {{reason_for_cancellation}}.

We confirm that all outstanding balances and accrued interest up to the date of cancellation will be settled in full. Please provide us with a final statement of account detailing any remaining obligations.

Instructions and Confirmation

We request that you process this cancellation expeditiously and provide us with written confirmation once the credit line has been formally closed and all associated accounts are reconciled. We also request confirmation that there will be no further charges or liabilities associated with this facility once cancelled.

Please advise if any further documentation or action is required from our side to facilitate this cancellation.

Contact Information

For any queries or further communication regarding this matter, please contact:

Name: {{contact_person_name}}

Title: {{contact_person_title}}

Phone: {{contact_person_phone}}

Email: {{contact_person_email}}

Closing

Thank you for your prompt attention to this matter.

Signature Block

Yours faithfully,

_________________________

{{authorised_signatory_name}}

{{authorised_signatory_title}}

For and on behalf of {{company_name}}