According to the terms of our credit arrangement with you, we provided you with general security over all of our property, assets and undertaking. [EXPLAIN REASONS WHY RELEASE IS BEING REQUESTED] ex. As you may be aware, we currently own a large piece of equipment which has become redundant. We wish to replace this with a newer model, however the supplier requires a release of your security before accepting the old equipment] Please feel free to call me if you have any questions.
Sincerely,
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