7610-7A Letter of Credit (2021) EPA Allowance Auctions

United States
Environmental Protection Agency
Acid Rain Program

OMB No. 2060-0258
Approval Expires 12/31/2021

Letter of Credit (2021)
EPA Allowance Auctions

Date
U. S. Environmental Protection Agency
CAMD – Market Operations Branch
Attention: Auction
1200 Pennsylvania Avenue, NW
4th Floor, Room 4153C
Washington, DC 20004
Re:

(our “Client”).

By order of our Client, we hereby open in favor of the U.S. Environmental Protection Agency (EPA) our irrevocable standby
Letter of Credit Number

, for an amount not to exceed in the aggregate
, U.S. dollars

($

). This letter of credit is effective beginning at Noon EDT on March 30, 2021, upon notice either by

facsimile or telephone from a representative of the EPA that our client was a winning bidder in the EPA auctions (to be held on March
30, 2021) and has failed to submit full payment for allowances won by our client within two business days of receiving notice of the
auction results (to be given on March 30, 2021). This letter of Credit expires at our office at

By 4 pm Eastern Daylight Time on April 23, 2021.
Funds hereunder are available to the U.S. EPA by wire payment upon presentation by a representative of the EPA of a demand on us
of a signed statement (with blanks filled in) stating:
This drawing of U.S. $
Credit No.

is due the U.S. EPA under your Letter of
dated

.

Upon receipt of your demand by hand, mail, or express mail, at our office at the above address on or before 4 pm Eastern Daylight
Time on the expiration date specified above, we will honor the demand and make payment by funds transfer no later than 4 pm
Eastern Daylight Time on the following business day through the Federal Reserve Communications system to the U.S. Treasury (RTN
No. 021030004), EPA Account: TREAS NYC/(68010099)EPA. The third party or addendum information shall state our client's name
and make reference to the EPA Allowance Auctions. The funds transfer shall be formatted in accordance with prescribed U.S.
Treasury requirements. This Letter of Credit is subject to the Uniform Custom and Practice for Documentary Credits (2007 revision),
International Chamber of Commerce Publication No. 600.
Address all communications regarding this Letter of Credit to the following individual, making specific reference to the Letter of Credit
number indicated above:
Name
Phone #

Fax #
Very truly yours,
Issuing Bank:
Authorized Signature:
(Typed Name and Title)

EPA Form 7610-7A (2-2021)

Acid Rain Program
Instructions for Letter of Credit Form (2021)
EPA Allowance Auctions (40 CFR 73.70-73.71)
This Letter of Credit form may only be signed ("issued") by a bank that maintains an account with any
Federal Reserve Bank or Branch ("Fed") and is a participant in the Fed's FEDWIRE funds transfer system.
The issuing bank may not alter or add to this form in any way but may photocopy the form onto its own
stationery if so desired. By signing this EPA Letter of Credit form, the issuing bank guarantees that EPA will
receive full payment for allowances awarded at the allowance auctions in the event that the bank's client is a
winning bidder and fails to pay for the allowances in the required time.
A winning bidder that has submitted this EPA Letter of Credit form must submit payment by funds transfer
or certified check no later than two business days after receiving notice of the auction results. Make certified
checks payable to "U.S. EPA" and send to the EPA at the address listed in the submission instructions below.
Send funds transfers to the U.S. Treasury, RTN No. 021030004, for credit to EPA's account: TREAS
NYC/(68010099) EPA. Be sure to include your company name and make reference to the EPA Allowance
Auctions on the funds transfer.
If you need assistance, email [email protected].
Paragraph 1

The Client Name should be the name
of the bidder. After the word
"aggregate," spell out the dollar
amount of the letter of credit; in the
next blank, enter the dollar amount in
numerals. Enter the complete
address of the issuing bank.

Paragraph 2

Do not fill in the blanks of the drawing
statement. It is provided as an
example.

Paragraph 4

Enter the name, phone number and
facsimile number of the person who
should receive all communications
regarding the Letter of Credit,
including demand for payment.

Submission Instructions
Send the completed Letter of Credit Form to the
following address. EPA must receive this form no later
than 4pm Eastern on March 25, 2021. Do not send via
regular or certified mail - the USPS will not deliver to
the following address:
Overnight mail (FedEx, UPS, DHL, etc.):
U.S. Environmental Protection Agency

CAMD – Market Operations Branch
Attention: Auction

1200 Pennsylvania Avenue, NW
4th Floor, Room 4153C
Washington, DC 20004
(202) 564-8717

OR E-mail form to [email protected].
If you e-mail, please request a read receipt.

Paperwork Burden Estimate
This collection of information is approved by OMB under the
Paperwork Reduction Act, 44 U.S.C. 3501 et seq. (OMB
Control No. 2060-0258). Responses to this collection of
information are voluntary (40 CFR 73.71). An agency may
not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a
currently valid OMB control number. The public reporting
and recordkeeping burden for this collection of information is
estimated to be 1 hour per response. Send comments on
the Agency’s need for this information, the accuracy of the
provided burden estimates and any suggested methods for
minimizing respondent burden to the Regulatory Support
Division Director, U.S. Environmental Protection Agency
(2821T), 1200 Pennsylvania Ave., NW, Washington, D.C.
20460. Include the OMB control number in any
correspondence. Do not send the completed form to this
address.
EPA Form 7610-7A (2-2021)