Whole Sale Nuts Inc. is a Canadian company that has been in business for over five years, exporting various types of nuts to countries around the globe. As part of its risk mitigation strategy, the company provides USD pricing to customers and enters into forward contracts to mitigate the risk of loss due to negative movements in currency values. It covers $50\%$ of its total receivables while leaving the remaining $50\%$ unhedged in order to benefit from market fluctuations and take advantage of natural hedge. Whole Sale Nuts Inc. usually offers open payment term, payable by bank transfer when due. Furthermore Whole Sale Nuts benefits from Accounts Receivables Insurance policy to insure its foreign receivables as a strategy to mitigate loss from non$-$collection.

Recently, Whole Sale Nuts Inc. entered into a contract with Healthy Eating Stores to export $25,000$ kg of pistachios, almonds and hazelnuts over the course of five months. Whole Sale Nuts offered net $30$ days payment terms, payable by letter of credit in order to help Whole Sale Nuts build a history with this new buyer. The conditions on the letter of credit include submission of proof of shipment, invoice and proof of inspection from the local food and drug association.$57$

What should Whole Sale Nuts do if any of its buyers whose receivables are insured does not pay?

A$)$ Close its forward contract with the bank immediately.

B$)$ File a complaint with the local embassy domiciled in the foreign country.

C$)$ Write$-$off the receivables.

D$)$ Submit a claim to the insurance company to collect the outstanding funds