A Release of Collateral Letter is a legal template that sets out the terms and conditions for the release of collateral used as security for a loan or debt. 1. At the top of the request form, insert Requesting Bank Name, Bank Tax ID, and the.Delivery Date Requested. 2. This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. It was stated in the letter that under the practice stocks were physically deposited with the trustee named in the agreement of pledge. NOTICE -- This is a contract release order against the contract referenced herein.