OMB Control No. 0581-0308 

U.S. Department of Agriculture 

Agricultural Marketing Service 

Fair Trade Practices Program 

Packers and Stockyards Division 

LETTER OF CREDIT, 

IRREVOCABLE, TRANSFERABLE, AND STANDBY 

ACCOMPANIED BY TRUST AGREEMENT (FORM PSD 2300) 

1a. Issuing Bank or Financial Institution, 

Branch, Division, Department, Physical 

Address, City, State, Zip+4, Phone and 

FDIC/NCUA ID Number 

1b. Issuing Bank or Financial Institution Mailing 

Address (if different from physical address), City, 

State, Zip+4 and Phone 

2. Letter of Credit Number (LOC) 3. Amount

$ 

4. Date

5. To , as 

Trustee or a successor trustee to a Trust Agreement (TA) that became effective on 6.

Original TA Date 

, 

to which 7. , 

Principal Name, City, and State 

is a party: 

This credit is transferable, one or more times, but only to a successor trustee designated by the Packers and 

Stockyards Division under the same Trust Agreement. Any such transfer shall govern all rights of the 

Trustee, including the entire amount that remains available under this credit at the time of such transfer. 

Sight draft or drafts must be drawn on us. Your draft or drafts drawn at sight must bear the following clause: 

Drawn under 

8. Bank/Financial Institution Name

standby letter of 

Credit number 

9. Number of LOC

dated 

10. LOC Date

up to the aggregate amount of 

$ 

11. Amount

. 

Form PSD 2600 Expires 01/31/2025 Page 1 of 3
 

The following signed statement must be made by the drawer and must accompany any such draft: 

Drawer will handle the funds received under the accompanying draft in accord with the Trust Agreement 

which became effective on 

12. Original TA Date

to which is a party. 

13. Principal Name, City and State

We (the bank) will not be responsible for the disposition of any funds received by drawers. Except as 

otherwise provided herein, any such draft does not need to be presented with any other document. 

If any such draft is drawn by a successor trustee under the same Trust Agreement, it must be accompanied 

by a copy of the letter issued by the Packers and Stockyards Division designating such drawer as the 

successor trustee. We will not be responsible for verifying the authenticity of any such document that 

appears to be authentic on its face. 

This Letter of Credit may not be modified without the written approval of the Deputy Administrator, 

Agricultural Marketing Service, Fair Trade Practices Program, Packers and Stockyards Division. 

14. 

Any such draft must be received by us on or before 14a. . 

We hereby agree with drawers, endorsers, and bona fide holders of all drafts drawn hereunder and in 

compliance herewith that such drafts will be duly honored on sight upon presentation to us. 

If desired: The amount of any draft drawn hereunder must be endorsed on the reverse side of this letter 

of credit by the negotiating bank, and any such draft must be accompanied by a signed statement that 

an appropriate notation has been made, or by this letter of credit. 14b. Yes No 

OR (choose section 14 or 15, one or the other, but not both) 

15. 

Any such draft must be received by us on or before 15a. . 

We hereby agree with drawers of all drafts drawn hereunder and in compliance herewith that such 

drafts will be duly honored on sight upon presentation to us. 

If desired: This letter must be presented with any such draft for endorsement of the amount of such draft 

on the reverse side of this letter. 15b. Yes No 

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Except as provided above, this credit is subject to the Uniform Customs and Practice for Documentary 

Credits (July 2007 revision), International Chamber of Commerce Publication No. 600. 

16a. Authorized Name (Print): 

16b. Authorized Signature: 

16c. Title: 

16d. Phone: 

16e. Email Address: 

This form is authorized by 7 U.S.C. 204 and 9 CFR 201.27. If a Letter of Credit is used is lieu of the bonding requirement, the completed and 

executed form must be submitted to the Packers and Stockyards Division. 

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 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: program.intake@usda.gov. 

Form PSD 2600 Expires 01/31/2025 Page 3 of 3