International Mail Contracts, 1263-1264 [E9-290]
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Federal Register / Vol. 74, No. 7 / Monday, January 12, 2009 / Notices
3. Comments by interested persons in
these proceedings are due no later than
January 15, 2009.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E9–289 Filed 1–9–09; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2009–14 and CP2009–20;
Order No. 164]
International Mail Contracts
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
SUMMARY: The Commission is noticing a
recently-filed Postal Service request to
add International Business Reply
Service (IBRS) to the Competitive
Product List. The Postal Service has also
filed a related contract. The notice
invites public comment and addresses
routine procedural matters. In addition,
it directs several questions to the Postal
Service.
DATES: Postal Service responses to
questions identified in this notice are
due January 12, 2009. Comments are
due January 16, 2009.
ADDRESSES: Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov.
FOR FURTHER INFORMATION CONTACT:
Stephen L. Sharfman, General Counsel,
202–789–6820 and
stephen.sharfman@prc.gov.
SUPPLEMENTARY INFORMATION:
Service asserts that the new
International Business Reply Service
Contract 1 product is a competitive
product ‘‘not of general applicability’’
within the meaning of 39 U.S.C.
3632(b)(3). Request at 1. The Request
has been assigned Docket No. MC2009–
14.
The Postal Service
contemporaneously filed a contract
related to the proposed new product
pursuant to 39 U.S.C. 3632(b)(3) and 39
CFR 3015.5. The contract has been
assigned Docket No. CP2009–20.
Request. The Request incorporates (1)
A statement of supporting justification
as required by 39 CFR 3020.32, (2) a
redacted version of the Governors’
Decision authorizing the new product;
(3) requested changes to the Mail
Classification Schedule; and (4) a
certification of compliance with 39
U.S.C. 3633(a).2 Substantively, the
Request seeks to add International
Business Reply Service Contract 1 to the
Competitive Product List. Id. at 1–2.
In the statement of supporting
justification, Jo Ann Miller, Director,
Global Business Development, asserts
that the service to be provided under the
contract will cover its attributable costs,
make a positive contribution to
institutional costs, and increase
contribution toward the requisite 5.5
percent of the Postal Service’s total
institutional costs. Id., Attachment 1.
Thus, Ms. Miller contends there will be
no issue of subsidization of competitive
products by market dominant products
as a result of this contract. Id.
Product description. As part of her
statement of supporting justification,
Ms. Miller describes the proposed
product. She explains that IBRS
contracts are for U.S.-based entities
seeking a channel for returned
merchandise or other articles from their
I. Introduction
sroberts on PROD1PC70 with NOTICES
On December 24, 2008, the Postal
Service filed a formal request pursuant
to 39 U.S.C. 3642 and 39 CFR 3020.30
et seq. to add International Business
Reply Service Contract 1 to the
Competitive Product List.1 The Postal
1 Request of the United States Postal Service to
Add International Business Reply Service Contracts
to the Competitive Products List, and Notice of
Filing (Under Seal) Contract and Enabling
Governors’ Decision, December 24, 2008 (Request).
The Postal Service proposes to call this new
product ‘‘International Business Reply Service
Contracts.’’ In this Notice, the Commission
proposes to slightly alter that proposed name to
‘‘International Business Reply Service Contract 1’’
to provide for the possibility that more than one
type of International Business Reply Service
contract may exist in the future that is not
functionally or substantially equivalent to the
proposed Docket No. CP2009–20 contract. This may
occur even though other future contracts may meet
VerDate Nov<24>2008
20:34 Jan 09, 2009
Jkt 217001
the parameters set by the Governors’ Decision No.
08–24.
2 Attachment 1 consists of a statement of
supporting justification for this Request.
Attachment 2 is the redacted Decision of the
Governors of the United States Postal Service on
Establishment of Prices and Classifications for
International Business Reply Service (IBRS)
Contracts (Governors’ Decision No. 08–24). The
Governors’ Decision includes three attachments.
Attachment A is proposed Mail Classification
Schedule language. Attachment B is the price floor
and price ceiling formulas approved by the
Governors. Attachment C provides an analysis of
the proposed price floor and price ceilings
discussed in Attachment B. Attachment D is a
certification as to the formulas for prices offered
under applicable International Business Reply
Service contracts. Attachment 3 is a redacted
certification for the IBRS contract at issue in Docket
No. CP2009–20. Unredacted copies of the
Governors’ Decision, the IBRS contract, the
certification, and other supporting documentation
establishing compliance with 39 CFR 3015.5 were
filed separately with the Commission under seal.
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
1263
overseas customers. Such entities
typically supply preprinted, prepaid
IBRS packaging in which their
customers can place used or defective
consumer items into the mailstream at
no direct cost. The business entity
compensates the Postal Service for this
service, and the Postal Service remits to
the relevant foreign postal
administration the amount due for
collection and transportation of the
items in the foreign country. Id.,
Attachment 1, section (d).
Related contracts. An unredacted
version of the specific International
Business Reply Service Contract 1 is
included with the Request filed under
seal. Unlike past practice, the entirety of
the Docket No. CP2009–20 contract was
filed under seal, and no redacted
version was filed publicly. The
Commission requests the Postal Service
to explain why no portions of this
contract can be filed publicly no later
than January 12, 2009.
The contract is for 1 year from the
date the Postal Service notifies the
customer that all necessary approvals
and reviews of the agreement have been
obtained. The Postal Service represents
that the contract is consistent with 39
U.S.C. 3633(a). See id., Attachment 1
and Attachment 3.
The Postal Service also explains that
it has two ongoing similar arrangements
with two customers whose prior
contracts officially expired. These
‘‘contingency arrangements’’ survive the
contracts’ expiration and govern any
residual items that third parties might
continue to enter into the mailstream for
return to the IBRS customers. The Postal
Service states when the Docket No.
CP2009–20 contract expires, this
contingency arrangement will continue
with respect to this contract partner
until such time as a new IBRS contract
can take effect after all necessary
approvals and reviews. The Postal
Service shall provide any and all IBRS
contingency arrangements currently in
effect no later than January 12, 2009.
See Request at 3.
Confidentiality. The Postal Service
filed much of the supporting materials,
including the Governors’ Decision and
the specific International Business
Reply Service Contract 1, under seal. In
its Request, the Postal Service maintains
that the contract, related financial
information, the customer’s name, the
accompanying analyses and certified
statements that provide cost, prices,
terms, conditions, and financial
projections should remain under seal.
Id. at 3–4. It notes that prices and other
contract terms relating to parties’
processes and procedures are
confidential in the business world and
E:\FR\FM\12JAN1.SGM
12JAN1
1264
Federal Register / Vol. 74, No. 7 / Monday, January 12, 2009 / Notices
should be protected in accordance with
industry standards. Id.
sroberts on PROD1PC70 with NOTICES
II. Notice of Filings
The Commission establishes Docket
Nos. MC2009–14 and CP2009–20 for
consideration of the Request pertaining
to the proposed International Business
Reply Service Contract 1 product and
the related contract, respectively. In
keeping with practice, these dockets are
addressed on a consolidated basis for
purposes of this Order; however, future
filings should be made in the specific
docket in which issues being addressed
pertain.
The Commission appoints Michael J.
Ravnitzky to serve as Public
Representative in these dockets.
Comments. Interested persons may
submit comments on whether the Postal
Service’s filings in the captioned
dockets are consistent with the policies
of 39 U.S.C. 3632, 3633, or 3642 and 39
CFR part 3015 and 39 CFR 3020 subpart
B. Comments are due no later than
January 16, 2009. The public portions of
these filings can be accessed via the
Commission’s Web site (https://
www.prc.gov).
Pursuant to 39 CFR 1315.6, the
Commission requests that the Postal
Service address the following issues by
January 12, 2009:
1. Ms. Miller’s statement describing
the product and why it should be
classified as competitive, at least
preliminarily, seems as though it could
also apply to the domestic Merchandise
Return Service product which is
currently classified as market dominant.
See Request, Attachment 1, section (d).
Should this proposed product category
be called ‘‘International Merchandise
Return Service’’ to better align it with its
domestic counterpart (Merchandise
Return Service) and to avoid confusion
with the market dominant product of
the same name ‘‘International Business
Reply Service’’? See Order No. 43, Order
Establishing Ratemaking Regulations for
Market Dominant and Competitive
Products, October 29, 2007 at Appendix
A, sections 1540 and 1505.10.
2. For the reasons set forth in
Attachment 1, section (d), should a
proceeding be initiated to consider
moving the domestic Merchandise
Return Service product to the
competitive rate category? If not, please
explain the processing and market
characteristic differences between the
proposed new product and Merchandise
Return Service.
Other interested persons also may
find it appropriate to address these
issues in their comments.
VerDate Nov<24>2008
20:34 Jan 09, 2009
Jkt 217001
III. Ordering Paragraphs
It is Ordered:
1. The Commission establishes Docket
Nos. MC2009–14 and CP2009–20 for
consideration of the matters raised in
each docket.
2. Pursuant to 39 U.S.C. 505, Michael
J. Ravnitzky is appointed to serve as
officer of the Commission (Public
Representative) to represent the
interests of the general public in these
proceedings.
3. Comments by interested persons in
these proceedings, including those
addressing questions (1) and (2) of
section II above, are due no later than
January 16, 2009.
4. The Postal Service shall address
questions (1) and (2) of section II above
no later than January 12, 2009.
5. The Postal Service shall provide
any and all IBRS contingency
arrangements currently in effect no later
than January 12, 2009.
6. The Postal Service shall explain
why no portions of this contract can be
filed publicly no later than January 12,
2009.
7. The Secretary shall arrange for
publication of this Order in the Federal
Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E9–290 Filed 1–9–09; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59200; File No. SR–CBOE–
2008–125]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Related to Affiliations
With Broker-Dealers
January 6, 2009.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on December
15, 2008, the Chicago Board Options
Exchange, Incorporated (‘‘CBOE’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the CBOE. The Exchange
has designated this proposal as one
constituting a stated policy, practice, or
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00098
Fmt 4703
Sfmt 4703
interpretation with respect to the
meaning, administration, or
enforcement of an existing rule under
Section 19(b)(3)(A)(i) of the Act,3 and
Rule 19b–4(f)(1) 4 thereunder, which
renders the proposal effective upon
filing with the Commission. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange is seeking effectiveness
of an interpretation of a CBOE
Constitution provision related to
affiliations with broker-dealers. The
proposed rule change is available on
CBOE’s Web site (https://www.cboe.org/
legal), at the CBOE’s Office of the
Secretary, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of, and basis for,
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange is in the process of
forming a wholly owned broker-dealer
subsidiary. With respect to the
contemplated establishment of the
broker-dealer, the Exchange is seeking
effectiveness of an interpretation of a
CBOE Constitution provision related to
affiliations with broker-dealers.
In particular, the Exchange notes that
Article VIII, Section 8.1(b) of the CBOE
Constitution provides in part that ‘‘[n]o
officer, other than the Vice Chairman of
the Board, shall be a member or
affiliated with a member or a broker or
dealer in securities or commodities.’’ 5
3 15
U.S.C. 78s(b)(3)(A)(i).
CFR 240.19b–4(f)(1).
5 The Exchange notes that this provision of the
Constitution is proposed to be deleted as part of the
Exchange’s contemplated demutualization and,
upon its deletion, there would no longer be such
a restriction. See SR–CBOE–2008–88. The Exchange
also notes that other self-regulatory organizations
4 17
E:\FR\FM\12JAN1.SGM
12JAN1
Agencies
[Federal Register Volume 74, Number 7 (Monday, January 12, 2009)]
[Notices]
[Pages 1263-1264]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-290]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2009-14 and CP2009-20; Order No. 164]
International Mail Contracts
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is noticing a recently-filed Postal Service
request to add International Business Reply Service (IBRS) to the
Competitive Product List. The Postal Service has also filed a related
contract. The notice invites public comment and addresses routine
procedural matters. In addition, it directs several questions to the
Postal Service.
DATES: Postal Service responses to questions identified in this notice
are due January 12, 2009. Comments are due January 16, 2009.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at https://www.prc.gov.
FOR FURTHER INFORMATION CONTACT: Stephen L. Sharfman, General Counsel,
202-789-6820 and stephen.sharfman@prc.gov.
SUPPLEMENTARY INFORMATION:
I. Introduction
On December 24, 2008, the Postal Service filed a formal request
pursuant to 39 U.S.C. 3642 and 39 CFR 3020.30 et seq. to add
International Business Reply Service Contract 1 to the Competitive
Product List.\1\ The Postal Service asserts that the new International
Business Reply Service Contract 1 product is a competitive product
``not of general applicability'' within the meaning of 39 U.S.C.
3632(b)(3). Request at 1. The Request has been assigned Docket No.
MC2009-14.
---------------------------------------------------------------------------
\1\ Request of the United States Postal Service to Add
International Business Reply Service Contracts to the Competitive
Products List, and Notice of Filing (Under Seal) Contract and
Enabling Governors' Decision, December 24, 2008 (Request). The
Postal Service proposes to call this new product ``International
Business Reply Service Contracts.'' In this Notice, the Commission
proposes to slightly alter that proposed name to ``International
Business Reply Service Contract 1'' to provide for the possibility
that more than one type of International Business Reply Service
contract may exist in the future that is not functionally or
substantially equivalent to the proposed Docket No. CP2009-20
contract. This may occur even though other future contracts may meet
the parameters set by the Governors' Decision No. 08-24.
---------------------------------------------------------------------------
The Postal Service contemporaneously filed a contract related to
the proposed new product pursuant to 39 U.S.C. 3632(b)(3) and 39 CFR
3015.5. The contract has been assigned Docket No. CP2009-20.
Request. The Request incorporates (1) A statement of supporting
justification as required by 39 CFR 3020.32, (2) a redacted version of
the Governors' Decision authorizing the new product; (3) requested
changes to the Mail Classification Schedule; and (4) a certification of
compliance with 39 U.S.C. 3633(a).\2\ Substantively, the Request seeks
to add International Business Reply Service Contract 1 to the
Competitive Product List. Id. at 1-2.
---------------------------------------------------------------------------
\2\ Attachment 1 consists of a statement of supporting
justification for this Request. Attachment 2 is the redacted
Decision of the Governors of the United States Postal Service on
Establishment of Prices and Classifications for International
Business Reply Service (IBRS) Contracts (Governors' Decision No. 08-
24). The Governors' Decision includes three attachments. Attachment
A is proposed Mail Classification Schedule language. Attachment B is
the price floor and price ceiling formulas approved by the
Governors. Attachment C provides an analysis of the proposed price
floor and price ceilings discussed in Attachment B. Attachment D is
a certification as to the formulas for prices offered under
applicable International Business Reply Service contracts.
Attachment 3 is a redacted certification for the IBRS contract at
issue in Docket No. CP2009-20. Unredacted copies of the Governors'
Decision, the IBRS contract, the certification, and other supporting
documentation establishing compliance with 39 CFR 3015.5 were filed
separately with the Commission under seal.
---------------------------------------------------------------------------
In the statement of supporting justification, Jo Ann Miller,
Director, Global Business Development, asserts that the service to be
provided under the contract will cover its attributable costs, make a
positive contribution to institutional costs, and increase contribution
toward the requisite 5.5 percent of the Postal Service's total
institutional costs. Id., Attachment 1. Thus, Ms. Miller contends there
will be no issue of subsidization of competitive products by market
dominant products as a result of this contract. Id.
Product description. As part of her statement of supporting
justification, Ms. Miller describes the proposed product. She explains
that IBRS contracts are for U.S.-based entities seeking a channel for
returned merchandise or other articles from their overseas customers.
Such entities typically supply preprinted, prepaid IBRS packaging in
which their customers can place used or defective consumer items into
the mailstream at no direct cost. The business entity compensates the
Postal Service for this service, and the Postal Service remits to the
relevant foreign postal administration the amount due for collection
and transportation of the items in the foreign country. Id., Attachment
1, section (d).
Related contracts. An unredacted version of the specific
International Business Reply Service Contract 1 is included with the
Request filed under seal. Unlike past practice, the entirety of the
Docket No. CP2009-20 contract was filed under seal, and no redacted
version was filed publicly. The Commission requests the Postal Service
to explain why no portions of this contract can be filed publicly no
later than January 12, 2009.
The contract is for 1 year from the date the Postal Service
notifies the customer that all necessary approvals and reviews of the
agreement have been obtained. The Postal Service represents that the
contract is consistent with 39 U.S.C. 3633(a). See id., Attachment 1
and Attachment 3.
The Postal Service also explains that it has two ongoing similar
arrangements with two customers whose prior contracts officially
expired. These ``contingency arrangements'' survive the contracts'
expiration and govern any residual items that third parties might
continue to enter into the mailstream for return to the IBRS customers.
The Postal Service states when the Docket No. CP2009-20 contract
expires, this contingency arrangement will continue with respect to
this contract partner until such time as a new IBRS contract can take
effect after all necessary approvals and reviews. The Postal Service
shall provide any and all IBRS contingency arrangements currently in
effect no later than January 12, 2009. See Request at 3.
Confidentiality. The Postal Service filed much of the supporting
materials, including the Governors' Decision and the specific
International Business Reply Service Contract 1, under seal. In its
Request, the Postal Service maintains that the contract, related
financial information, the customer's name, the accompanying analyses
and certified statements that provide cost, prices, terms, conditions,
and financial projections should remain under seal. Id. at 3-4. It
notes that prices and other contract terms relating to parties'
processes and procedures are confidential in the business world and
[[Page 1264]]
should be protected in accordance with industry standards. Id.
II. Notice of Filings
The Commission establishes Docket Nos. MC2009-14 and CP2009-20 for
consideration of the Request pertaining to the proposed International
Business Reply Service Contract 1 product and the related contract,
respectively. In keeping with practice, these dockets are addressed on
a consolidated basis for purposes of this Order; however, future
filings should be made in the specific docket in which issues being
addressed pertain.
The Commission appoints Michael J. Ravnitzky to serve as Public
Representative in these dockets.
Comments. Interested persons may submit comments on whether the
Postal Service's filings in the captioned dockets are consistent with
the policies of 39 U.S.C. 3632, 3633, or 3642 and 39 CFR part 3015 and
39 CFR 3020 subpart B. Comments are due no later than January 16, 2009.
The public portions of these filings can be accessed via the
Commission's Web site (https://www.prc.gov).
Pursuant to 39 CFR 1315.6, the Commission requests that the Postal
Service address the following issues by January 12, 2009:
1. Ms. Miller's statement describing the product and why it should
be classified as competitive, at least preliminarily, seems as though
it could also apply to the domestic Merchandise Return Service product
which is currently classified as market dominant. See Request,
Attachment 1, section (d). Should this proposed product category be
called ``International Merchandise Return Service'' to better align it
with its domestic counterpart (Merchandise Return Service) and to avoid
confusion with the market dominant product of the same name
``International Business Reply Service''? See Order No. 43, Order
Establishing Ratemaking Regulations for Market Dominant and Competitive
Products, October 29, 2007 at Appendix A, sections 1540 and 1505.10.
2. For the reasons set forth in Attachment 1, section (d), should a
proceeding be initiated to consider moving the domestic Merchandise
Return Service product to the competitive rate category? If not, please
explain the processing and market characteristic differences between
the proposed new product and Merchandise Return Service.
Other interested persons also may find it appropriate to address
these issues in their comments.
III. Ordering Paragraphs
It is Ordered:
1. The Commission establishes Docket Nos. MC2009-14 and CP2009-20
for consideration of the matters raised in each docket.
2. Pursuant to 39 U.S.C. 505, Michael J. Ravnitzky is appointed to
serve as officer of the Commission (Public Representative) to represent
the interests of the general public in these proceedings.
3. Comments by interested persons in these proceedings, including
those addressing questions (1) and (2) of section II above, are due no
later than January 16, 2009.
4. The Postal Service shall address questions (1) and (2) of
section II above no later than January 12, 2009.
5. The Postal Service shall provide any and all IBRS contingency
arrangements currently in effect no later than January 12, 2009.
6. The Postal Service shall explain why no portions of this
contract can be filed publicly no later than January 12, 2009.
7. The Secretary shall arrange for publication of this Order in the
Federal Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E9-290 Filed 1-9-09; 8:45 am]
BILLING CODE 7710-FW-P