DRAFT for Illustration purposes only Report Example Existing Customer new to Interconnect BT WHOLESA - DOC

							                           DRAFT for Illustration purposes only

       Report Example: Existing Customer (new to Interconnect)


                                     [BT WHOLESALE LETTERHEAD]


Green Telecom Ltd
10 Prince Street
Bristol
Avon
United Kingdom
AE1 2PI

25th February 2004

Dear Mr Clarke

                RE: Standard Interconnect Agreement (“SIA”) Credit Vet.

Further to your enquiry regarding contracting with British Telecommunications plc
under the SIA, BT has undertaken a credit vet of your company. This credit vet has
been conducted in line with the BT SIA Credit Policy. Please see below the details
obtained:

Registrar of Companies
Company Name:                    Green Telecom Ltd

Registered Address:              10 Prince Street, Bristol, Avon, United Kingdom

Registration Number:             6362585

Incorporation Date:              12/04/1996

Issued Capital:                  £125,000

County Court Judgements:         2




Dun and Bradstreet         (see Appendix 1)

Credit Rating                    £50,000

Risk Indicator                   3




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Trading with BT Group:

Green Telecom has been a customer of BT for the past 18 months.

                                      Invoice     Invoice Amount         General
                                       Date                             Description
Last 12 months Revenue:                                 £525,525

Current Debt:                                            £60,000
Made up of:-
Invoice Number                                                      Product
123456                             11/02/2004          £5,000.00    Directories
987654                             12/02/2004          £5,000.00    Directories
555555                             13/02/2004         £40,000.00    Broadband
777777                             13/02/2004         £10,000.00    Rental of Property

Overdue Debt:                                            £34,000
Made up of:-
Invoice Number                        Date                       Product
888888                             01/01/2004         £34,000.00 Rental of Property


Total Debt:                                              £94,000


Disputed Debt Disregarded for Credit Vet Purposes                  £12,000

Made up of:-
Invoice Number                         Date             Amount                  Product
1111111                             12/12/2003          £12,000             Consultancy




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Credit Vet Conclusion:

Assumed BT Group-wide Credit Limit                     £75,000
Less current monthly spend (average)                   £55,000
BT Interconnect Credit Limit                           £20,000


                    Calculation of Deposit:

Forecast in months 1 – 3                              £150,000

Credit Available for Period (Months 1-3)               £60,000

Deposit required                                       £90,000

N.B. If you wish to furnish BT with further information for the above credit limit to
be reassessed please send details to the address below:



All monies should be paid to                   British Telecommunications plc
Cheques sent to                                pp 3B.13.3
                                               City Place
                                               Gatwick
                                               RH6 0PA

BACS/Chaps to          Bank                    HSBC
                       Account Name            British Telecommunications plc
                       Account Number          31188704
                       Sort Code               40-03-04

Bank Guarantee – Please contact the address above for a form of Bank Guarantee
wording and requirement to lodge guarantees.

Should you have any queries please don’t hesitate to contact the number above.


Regards




Mohit Jain
Controller, Revenue Protection
BT Wholesale Finance




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APPENDIX 1




               DUN & BRADSTREET RISK INDICATOR



The below table gives definitions of the various risk indicator’s which we use.




        Risk
                  Probability of Failure Guide to Interpretation
      Indicator


                                              Proceed with transaction - offer extended terms if
          1       Minimal risk
                                              required


          2       Low risk                    Proceed with transaction


                  Slightly greater than
          3                                   Proceed with transaction but monitor closely
                  average risk


                                              Take suitable assurances before extending credit - e.g.
          4       Significant level of risk
                                              personal guarantees


                  Insufficient information
                                           No public information or D&B proprietary information
          --      to assign a risk
                                           available to indicate trading activity
                  indicator




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