SAMPLE REQUEST FOR CHANGE IN PAYMENT TERMS …

SAMPLE REQUEST FOR CHANGE IN PAYMENT TERMS LETTERD ecember 21, 2005Mr. John SmithVice President SalesXYZ Corporation1 Main StreetBig Town, VA 57221 Dear Mr. Smith:This letter is to REQUEST a CHANGE in the PAYMENT TERMS that you presently offer our organization is able and willing to pay your invoices more promptly than the normal thirty-daybusiness TERMS or what your present PAYMENT TERMS of the time value of money you will obtain a cost reduction when we make PAYMENT within10 days. Your cash flow will improve and your need for borrowing will be reduced. Therefore, weare requesting that your new PAYMENT TERMS to us are 2% 10, Net new PAYMENT TERMS will be favorably considered when we are comparing total costs from allof our yours,Mary A. JonesPurchasing Manager

This letter is to request a change in the payment terms that you presently offer our organization. Our organization is able and willing to pay your invoices more promptly than the normal thirty-day business terms or what your present payment terms require. Because of the time value of money you will obtain a cost reduction when we make payment ...

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