PSD- 2610 Automatic Renewal Rider for Letter of Credit

OMB Control No. 0581-0308

U.S. Department Of Agriculture
Agricultural Marketing Service
Fair Trade Practices Program
Packers and Stockyards Division

AUTOMATIC RENEWAL RIDER
FOR LETTER OF CREDIT,
IRREVOCABLE, TRANSFERABLE, AND STANDBY

1. Name of Principal, City and State: ____________________________________________________
___________________________________________________________________________
2. Letter of Credit Number:

______________________________________________________

This Letter of Credit will be automatically renewed for additional periods of one year from the present
or each future expiration date unless the appropriate parties and the Agricultural Marketing Service, Fair
Trade Practices Program, Packers and Stockyards Division, United States Department of Agriculture,
have been duly notified by registered/certified mail. The written notification that the bank desires to end
this Letter of Credit must be received by the Packers and Stockyards Division at least 30 days prior to
each expiration date, otherwise the Letter of Credit is automatically renewed for another year.
3. __________________________________________________________________________________
(Name of Bank or Financial Institution, City, State)

4. __________________________________________________________________________________
(Phone of Bank or Financial Institution)

5. __________________________________________________________________________________
(Effective Date)

6. ____________________________________
Name of Authorized Official

7. __________________________________
Signature of Authorized Official

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 is 0581-0308.
The time required to complete this information collection is estimated to average .90 hours 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.

In accordance with Federal law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, this institution is prohibited
from discriminating on the basis of race, color, national origin, sex, age, disability, and reprisal or retaliation for prior civil rights activity. (Not
all prohibited bases apply to all programs.) Persons with disabilities who require alternative means of communication for program information
(e.g., Braille, large print, audiotape, American Sign Language, etc.) should contact the responsible State or local Agency that administers the
program or USDA’s TARGET Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800)
877-8339. Additionally, program information is also available in languages other than English.
To file a complaint alleging discrimination, complete the USDA Program Discrimination Complaint form, AD-3027, found online at
http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office or write a letter addressed to USDA and provide in the letter all of
the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your completed form or letter to
USDA by: (a) mail: U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW,
Washington D.C. 20250-9410; (b) fax: (202-690-7442; or (c) email: [email protected].

Form PSD 2610

Expires 02/28/2021

Page 1 of 3

Instructions to Complete
Automatic Renewal Rider
For Letter of Credit,
Irrevocable, Transferable, and Standby
Form PSD 2610
When you as a packer, market agency or dealer provide an automatic renewal rider to the Irrevocable,
Transferable, Standby Letter of Credit, the form should be provided to the issuing bank or financial
institution for execution.
An automatic renewal rider for a Letter of Credit requires complete and correct information to be submitted
to the Packers and Stockyards Division (PSD) on form PSD 2610. If any information is missing or incorrect,
the Packers and Stockyards Division will return the automatic renewal rider to the issuing bank or financial
institution for completion or correction.
Submission instructions for the bank or financial institution: After completing the automatic renewal rider,
send one fully executed copy with original signatures, to the appropriate regional office of the PSD as listed
below. If the bank or financial institution is named as trustee, the bank or financial institution must keep the
fully executed copy of the rider for your files and send the PSD regional office a copy. The states, provinces,
and territories covered by each regional office are listed below its address.
Regional Offices of the Packers and Stockyards Division
Agricultural Marketing Service, Fair Trade Practices Program
Atlanta Regional Office
Denver Regional Office
Des Moines Regional Office
75 Ted Turner Dr. SW, Suite 230 3950 Lewiston St., Suite 200 210 Walnut Street, Room 317
Atlanta, GA 30303-3308
Aurora, CO 80011-1556
Des Moines, IA 50309-2110
Telephone: (404) 562-5840
Telephone: (303) 375-4240
Telephone: (515) 323-2579
FAX: (404) 562-5848
FAX: (303) 371-4609
FAX: (515) 323-2590
E-mail:
E-mail:
E-mail:
[email protected]
[email protected] [email protected]
States Covered
States Covered
States Covered
AL, AR, CT, DC, DE, FL, GA,
AB, AK, AZ, BC, CA, CO,
IA, IL, IN, KY, MB, MI, MO,
LA, MA, MD, ME, MS, NC,
HI, ID, KS, MT, NM, NV,
MN, ND, NE, OH, ON, SD, WI
NH, NJ, NL, NY, PA, PR, QC,
OK, OR, SK, TX, UT, WA,
RI, SC, TN, VA, VT, WV
WY
If you have any questions about the form or completing the form, please contact the appropriate regional
office of the Packers and Stockyards Division listed above.
The Bank or financial institution must complete lines 1 through 6 and sign line 7.
Line
No.
1

2

Subject

Instruction

Principal Name, City and
State

Enter the full name, city and state of the principal. The
principal’s name must match the name under which the
principal is registered with the Packers and Stockyards
Division.
List the letter of credit number assigned by the issuing
bank or financial institution which must be the same
number on the original Letter of Credit.

Letter of Credit Number

Form PSD 2610

Expires 02/28/2021

Page 2 of 3

Line
No.
3

Subject

Instruction

Name of Bank or Financial
Institution, City, State

Enter the name of the bank or financial institution, city
and state where the bank or financial institution is
located.
Enter the phone of the bank or financial institution
which issued the letter of credit.
Enter the date the rider was executed by the bank or
financial institution.
An authorized officer of the bank or financial institution
must print their name on the automatic renewal form.
An authorized officer of the bank or financial institution
must sign the automatic renewal form.

4

Phone

5

Effective Date

6

Name of Authorized Official

7

Authorized Signature

Form PSD 2610

Expires 02/28/2021

Page 3 of 3