Reply To Enquiry About Discount Rate – example 2

Dear Mr. Adam,

We apologize for not informing you earlier of our revision in discount rates for our customers. At their last meeting in August, the Board members have decided to reduce all our discount rates from 5-10% effective 1st September. We have no alternative but to carry out their decision. Your new discount rate is now 20%.

Your credit limit remains the same.

Thank you.

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