Amending Letter-of-Credit

100.2 - Amending Letter-of-Credit (Rev. 236, Issued: 06-13-14, Effective: 06-02-14, Implementation: 07-15-14) All requests for new or amended Letters Of Credit, whether considered routine or emergency, must be submitted no later than 6 business days prior to the calendar date of the actual need. All requests must be sent via email to DFSE@cms.hhs.gov; the appropriate Regional Office (RO) contacts should also be copied on the request. Conditions requiring new LOCs include but are not limited to: • A new MAC joins the Medicare program; • A MAC assumes a new workload from another MAC; • A complete or partial change in MAC’s name; • A change in the name of the MAC’s servicing bank; or • A change in the Federal Reserve Bank or Branch servicing the MAC’s commercial bank. Conditions requiring amended LOCs include but are not limited to: • A permanent increase or decrease in the LOC funding limitation due to significant change in Medicare workload or expenditure that is expected to affect the MAC’s financial needs; • A temporary increase in the LOC funding limitation to cover all Medicare checks and Electronic Funds Transfer (EFT) payments presented to the bank for payment within a given month.