P&SP 2400 Rider for General Use with Trust Fund Agreement or Trust

Instructions to Complete
Rider for General Use with Trust Fund Agreement or Trust Agreement
Form P&SP-2400
When you, as a packer, market agency, or dealer (also referred to as the Principal), amend either the Trust Fund
Agreement or Trust Agreement that is provided as bond coverage for your operation use form P&SP-2400.
A rider amending a bond equivalent requires complete and correct information to be submitted to the Packers and
Stockyards Program on Form P&SP-2400. If any information is missing or incorrect, the Packers and Stockyards
Program will return the rider form to the principal or financial institution for completion or correction. If the
trustee’s signature has not been obtained, the regional office will obtain the trustee’s signature, and will ensure that
the trustee retains an original copy of the rider for his/her files.
Operating without proper registration and bond may subject the principal to severe penalties under law, including a
fine of not more than $11,000 for each violation.
Mail two copies of the completed form to the regional office of the Packers and Stockyards Program as listed below.
The states covered by each regional office are listed below its address.
Regional Offices of the Packers and Stockyards Program
Grain Inspection, Packers and Stockyards Administration
Eastern Regional Office
Western Regional Office
Midwestern Regional Office
Suite 230
3950 Lewiston St., Suite 200
Room 317
75 Spring Street
Aurora, CO 80011-1556
210 Walnut Street
Atlanta, GA 30303-3308
Telephone: (303) 375-4240
Des Moines, IA 50309-2110
Telephone: (404) 562-5840
FAX: (303) 371-4609
Telephone: (515) 323-2579
FAX: (404) 562-5848
E-mail:
FAX: (515) 323-2590
E-mail:
[email protected] E-mail:
[email protected]
[email protected]
States Covered
States Covered
States Covered
AL, AR, CT, DC, DE, FL, GA, LA, AK, AZ, CA, CO, HI, ID, KS, MT, IA, IL, IN, KY, OH, MI, MO, MN,
MA, MD, ME, MS, NC, NH, NJ,
NM, NV, OK, OR, TX, UT, WA,
ND, NE, SD, WI
NY, PA, RI, SC, TN, VA, VT, WV
WY
If you have any questions about the form or completing the form, please contact the regional office of the Packers
and Stockyards Program listed above.
In most instances, the bank or financial institution providing the collateral for the referenced agreement will
complete lines 1 through 11, 13 through 17, and 19 through 21, as applicable to the type of agreement originally
filed by the Principal. The Principal may also complete the lines referenced above.
If the original agreement is a Trust Agreement with a Letter of Credit, it is not necessary to complete lines 8, 9,
and 17 through 21.
If a Change of Trustee is implemented by the rider, the Former Trustee will sign line 12(a), and the Successor
(Current) Trustee will sign line 12(b).
If a Change of Depository is implemented by the rider, the Former Depository will sign line 18, and the Successor
(Current) Depository will sign line 18(b). The Current Depository will also sign line 21.
The Principal must sign line 23(a).
The current Trustee must sign line 23(b)

P&SP-2400-i

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Line
No.
1

Subject

Instructions

Trust Fund Agreement No.

If the agreement being amended is a Trust Fund Agreement (TFA),
enter that identification number
If the agreement being amended is a Trust Agreement (TA), enter
that identification number.
Enter the current amount of the agreement.
Enter the original effective date of the agreement.
Enter name of the Principal. The name must match that listed on the
original agreement or the most current as changed by a previous rider.
Enter the trustee, as named on the original agreement, or the most
current as changed by a previous rider.
If the original agreement is a Trust Fund Agreement, enter the
depository, as named on the original agreement, or the most current as
changed by a previous rider.

2

Trust Agreement No.

3
4
5

Amount
Dated
Principal

6

Trustee

7

Depository

If the original agreement is a Trust Agreement, leave this section
blank.
Use lines 8 through 21 to specify changes the rider makes to the agreement. Complete the line(s) appropriate for
the change you make to the agreement.
8
Increase in Sum of Agreement
If the original agreement is a Trust Fund Agreement, enter the
amount of the agreement before the increase and the amount of the
agreement after the increase.

9

Decrease in Sum of Agreement

10

Change in Name of Principal

11

Change in Name of Trustee

12(a)

Former Trustee’s Signature

12(b)

Successor Trustee’s Signature

13

Add Condition 3 to Agreement

14

Delete Condition 3 from
Agreement

15

Add Clearee to Clause 3

16

Delete Clearee from Clause 3

P&SP-2400-i

If the original agreement is a Trust Agreement, leave this section
blank.
If the original agreement is a Trust Fund Agreement, enter the
amount of the agreement before the decrease and the amount of the
agreement after the decrease.
If the original agreement is a Trust Agreement, leave this section
blank.
Enter the full name and address of the Principal in the FROM section
as stated on the original agreement or previous rider and the
principal’s current name and address in the TO section.
Enter the full name and address of the former (previous) trustee in the
FROM section as stated on the original agreement or previous rider
and the full name and address of the successor (current) trustee in the
TO section.
If there is a change in the name of the trustee, the former trustee to the
agreement must sign the form.
If there is a change in the name of the trustee, the successor (current)
trustee to the agreement must sign the form.
Check the appropriate box to indicate if the rider adds clearing
services to the agreement (Condition Clause 3 on form P&SP-2300).
Check the appropriate box to indicate if the rider deletes clearing
services from the agreement (Condition Clause 3 on form P&SP2300).
Enter the full name(s) and address(s) of the clearee(s) being added to
the agreement.
Enter the full name(s) and address(s) of the clearee(s) being deleted
from the agreement.

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Line
No.

Subject

Instructions

Complete line numbers 17 through 21 if the agreement the principal maintains is a trust fund agreement.
If the principal maintains a trust agreement with a letter of credit, please proceed to item 22.
17

Change of Depository

18(a)

Former Depository Signature

18(b)

Successor Depository Signature

19
20
21

Name of Bank or Other
Depository
Account or Security(ies)
Identification and Number
Depository By

22
23(a)

Rider Effective Date
Signature of Principal

23(b)

Trustee Signature

P&SP-2400-i

Enter the full name and address of the previous depository in the
FROM section, and the current depository in the TO section. If there
is a change, complete lines 18 through 21.
A responsible officer of the depository that maintained the collateral
pledged to the referenced agreement as listed on the original Trust
Fund Agreement, or as changed by a previous rider must sign the
form.
A responsible officer of the financial institution that currently
maintains the collateral pledged to the referenced Trust Fund
Agreement must sign the form.
Enter the name of the financial institution that currently maintains the
collateral pledged to the referenced Trust Fund Agreement.
Enter the account number or identification numbers of all accounts or
securities that are pledged to the referenced Trust Fund Agreement.
A responsible officer of the financial institution, acting as Successor
Depository, must sign the form to signify the officer understands the
responsibility of the depository regarding the disposition of the funds
pledged to the trust fund agreement.
Enter the effective date of the rider.
The Principal, or someone authorized to sign for the principal (for
example, a partner, owner, or officer), must sign the form.
The trustee, or someone authorized to sign on behalf of the trustee,
must sign the form.

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U.S. DEPARTMENT OF AGRICULTURE
GRAIN INSPECTION, PACKERS AND
STOCKYARDS ADMINISTRATION
PACKERS AND STOCKYARDS PROGRAM

OMB Control No. 0580-0015
Expires: xx/xx/20xx

RIDER FOR GENERAL USE WITH
TRUST FUND AGREEMENT OR TRUST AGREEMENT
(Bond Equivalents)
Required Under Packers and Stockyards Act, 1921, As Amended and Supplemented

. or

To be attached to and to form a part of Trust Fund Agreement No. (1)
Trust Agreement No. (2)

in the amount of (3) $

, dated (4)

,

naming (5)

.
,

as Principal, (6)

,

as Trustee; and if a Trust Fund Agreement, (7)

,

as Depository.
The subject Agreement is amended as follows:
8. Increase in sum of
The sum of the Trust Fund Agreement identified above is increased.
Trust Fund Agreement FROM $
TO $

.
,

Not For Use with Trust Agreement
(If a Depository is named, complete the Depository Statement on the second page of this form.)
9. Decrease in sum of
Agreement

The sum of the agreement identified above is decreased.
FROM $
TO $
Not For Use with Trust Agreement

10. Change in name
of Principal

11. Change of Trustee

.

The name of the principal as given in the agreement identified above is changed.
FROM
TO

.
.
.

The Trustee as given in the agreement identified above is changed.
FROM
.
.
TO
_______________________________________________________________________

The change in trusteeship and transfer of the original agreement to the new trustee is agreed to and accepted.
_____________________________________________
12(a) Former trustee’s signature
13. Adding Condition
Clause Three to
Agreement
14. Deleting Condition
Clause Three to
Agreement

Form P&SP-2400

____________________________________________
12(b) Successor trustee’s signature

The agreement identified above is amended to add Condition 3, Clearing Services.
Please check YES or NO, as applicable

‰ YES

‰ NO

The agreement identified above is amended to delete Condition 3, Clearing Services.
Please check YES or NO, as applicable

‰ YES

‰ NO

Page 1 of 3

15. Adding Clearee to
Clause Three
of Agreement

THE NAME(S) OF
.
_______________________________________________________________________
_______________________________________________________________________
(Name(s) and Address(s)

is (are) added as clearee(s) under the clearing services clause of agreement identified above.
16. Deleting Clearee
from Clause Three
of Agreement

THE NAME(S) OF
.
_______________________________________________________________________
_______________________________________________________________________
(Name(s) and Address(s)

is (are) deleted as clearee(s) under the clearing services clause of agreement identified above.
If This Rider Is Amending a Trust Fund Agreement, Please Complete Items 17 through 21, Otherwise
Proceed to Item 22
17. Change of
Depository

The Depository Is Changed
FROM

.

(Name(s) and Address(s)

TO

.
.

(Name(s) and Address(s)

.
__________________________________________
18(b)* Signature of Officer of Successor Depository

____________________________________________
18(a) Signature of Officer of Former Depository

* Successor Depository Will Need to Complete the Following Depository Statement
DEPOSITORY STATEMENT
19. Name of Bank or Other Depository
20. Account or Security(ies) Identification and Number
Depository acknowledges having received notice that the account and/or security(ies) identified above are trust
funds under the above trust fund agreement, to be paid out only as directed in writing by trustee, or by a successor
trustee appointed by Packers and Stockyards Program and properly identified as such, or by a court of competent
jurisdiction. Depository will not be responsible for any person's disposition of such funds.

21. Depository by (Authorized signature)

All other conditions of this agreement remain the same.
22.

This rider shall become effective as of the

_______________________________________
23(a) Signature of Principal

day of

, 20

.

___________________________________

23(b) Signature of Trustee

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection
of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0580-0015. The
time required to complete this information collection is estimated to average 1 hour 30 minutes per response, including the time for reviewing
instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.
Form P&SP-2400

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The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin,
age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political
beliefs, reprisal, or because all or part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to
all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape,
etc.) should contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA,
Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 7206382 (TDD). USDA is an equal opportunity provider and employer.

Form P&SP-2400

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