HOW TO WRITE A LETTER TO CANCEL A LETTER OF CREDIT

29^thJanuary, 2010

Manager

Peoples Bank

Liberty Plaza Branch

Colombo -03

Dear Sir

SUBJECT: CANCELLATION OF LETTER OF CREDIT

This has further to the letter of credit No LC/04/2010 and LC/03/2010 dated 25th October 2009.

We shall appreciate if you can cancel the following letter of credits and release the security which we have provided to your bank (i.e. Fixed Deposit Certificate),

Details are as follows

Date	Customer Reference Number	LC Number	Amount U$$	Security Deposit
25/10/2009	LC/04/2010	0042002120035817	9,640.24	F/D Certificate No:  3066001000035799
25/10/2009	LC/03/2010	0042002120035826	9,269.80

Your kind attention in this regard is highly appreciated.

Thank you,

Yours truly,

………………………………..                                     ………………………………..

Dr. Naranpanawa Galpita                                                Prof. Karolis Perera

Chairman                                                                      Council Member

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