Dear Mr. Arnold,
Regarding your letter dated 01 May requesting for overdraft facility of USD120,000, we are pleased to inform you that we are able to offer you this facility at an interest rate of 6% p.a. if you can put up a collateral of USD120,000.
We enclose the required forms for you to fill in and sign. We require you or your representative to come personally to our bank to formalize any time between 10a.m. and 3p.m. on a working day.