PSD- 2610 Automatic Renewal Rider for Letter of Credit

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

OMB Control No. 0581-0308

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 United States Department of
Agriculture, Agricultural Marketing Service, Fair Trade Practices Program, Packers and Stockyards
Division have been duly notified by registered/certified mail, at least 30 days prior to each expiration
date.
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/complaintfiling_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 XX/XX/XXXX

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Form PSD 2610

Expires XX/XX/XXXX

Page 2 of 4

Instructions to Complete
Automatic Renewal Rider
For Letter of Credit,
Irrevocable, Transferable, and Standby
Form PSD 2610
You, as a packer, market agency, or dealer may provide an automatic renewal rider to the Letter of Credit,
Irrevocable, Transferable, and Standby currently issued for your operations. The automatic renewal rider
will be attached to the current Letter of Credit and 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 area 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
Eastern Regional Office
Midwestern Regional Office
Western Regional Office
75 Ted Turner Drive SW, Ste 230 210 Walnut Street, Room 317
3950 Lewiston St., Suite 200
Atlanta, GA 30303-3308
Des Moines, IA 50309-2110
Aurora, CO 80011-1556
Telephone: (404) 562-5840
Telephone: (515) 323-2579
Telephone: (303) 375-4240
FAX: (404) 562-5848
FAX: (515) 323-2590
FAX: (303) 371-4609
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,
IA, IL, IN, KY, MB, MI, MN,
AB, AK, AZ, BC, CA, CO, HI,
LA, MA, MD, ME, MS, NC,
MO, ND, NE, OH, ON, SD, WI ID, KS, MT, NM, NV, OK, OR,
NH, NJ, NL, NY, PA, PR, QC,
SK, TX, UT, WA, WY
RI, SC, TN, VA, VT, WV
If you have any questions about the form or completing the form, please contact the PSD regional office that
covers your area, as listed above.
The financial institution providing the automatic renewal rider to the Standby Letter of Credit, Irrevocable,
Transferable, and Standby, must complete lines 1 through 6 and sign line 7.
Line
No.
1

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.

Form PSD 2610

Expires XX/XX/XXXX

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Line
No.
2

Subject

Instruction

Letter of Credit Number

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.
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.

3

Name of Bank or Financial
Institution, City, State

4

Phone

5

Effective Date

6

Name of Authorized Official

7

Authorized Signature

NOTE: Electronic signatures are considered valid.

Form PSD 2610

Expires XX/XX/XXXX

Page 4 of 4