Company Credit Account Approbation

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Credit Account Approbation for: {{client_company_name}}

Attention: {{client_contact_person}}

{{client_company_address}}

Dear {{client_contact_person}},

Subject: Approval of Credit Account Application

We are pleased to inform you that your application for a credit account with {{company_name}} has been approved, following a review of your submitted documentation and credit assessment. We value your business and look forward to a continued successful relationship.

Approved Credit Terms

The following credit terms have been approved for your company:

1. **Credit Limit:** A maximum credit limit of {{currency}} {{credit_limit}} has been extended to {{client_company_name}}.

2. **Payment Terms:** All invoices are due and payable within {{payment_days}} (e.g., 30) days from the date of invoice.

3. **Payment Method:** Payments can be made via {{payment_method}} (e.g., EFT, bank transfer) to the following account:

Bank Name: {{bank_name}}

Account Name: {{company_name}}

Account Number: {{account_number}}

Branch Code: {{branch_code}}

4. **Interest on Overdue Accounts:** In the event of late payment, interest will be charged at a rate of {{interest_rate}}% per annum, calculated daily from the due date until the date of full payment.

5. **Credit Review:** This credit facility will be subject to periodic review, typically {{review_period}} (e.g., annually) or as deemed necessary by {{company_name}}. We reserve the right to amend these terms or withdraw the credit facility with reasonable notice.

6. **Change in Circumstances:** {{client_company_name}} undertakes to notify {{company_name}} immediately of any material change in its financial standing or corporate structure that may impact its ability to meet its payment obligations.

Acceptance of Terms

By utilising this credit account, {{client_company_name}} agrees to abide by the terms and conditions outlined above, as well as the general terms and conditions of sale of {{company_name}}, which are available on our website at {{website}} or upon request.

Contact Information

Should you have any queries regarding your credit account or these terms, please do not hesitate to contact our accounts department at {{accounts_department_phone_number}} or {{accounts_department_email_address}}.

Conclusion

We look forward to a productive and lasting business relationship.

Sincerely,

Signature Block

_____________________________

Authorised Signatory Name: {{authorised_signatory_name}}

Title: {{authorised_signatory_title}}

For and on behalf of {{company_name}}

Date: {{signature_date}}