International Product Change-Global Expedited Package Services-Non-Published Rates, 1277-1278 [2013-00074]
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Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices
applied in preparing the FY 2012 ACD
so that the Postal Service can ascertain
that it has the most up-to-date models
when it prepares the FY 2013 ACR. Id.
at 6.
Market dominant product-by-product
costs, revenues, and volumes.
Comprehensive cost, revenue, and
volume data for all market dominant
products of general applicability are
shown directly in the FY 2012 CRA or
ICRA. Id. at 7.
The FY 2012 ACR includes a
discussion by class of each market
dominant product, including costs,
revenues, and volumes, workshare
discounts and passthroughs responsive
to 39 U.S.C. 3652(b), and FY 2012
incentive programs. Id. at 7–32. In
addition, in response to Order No.
1427,2 the Postal Service also provides
a schedule of future price increases for
Standard Mail Flats. Id. at 15–19.
Market dominant negotiated service
agreements. The FY 2012 ACR presents
information on market dominant
negotiated service agreements (NSAs).
Id. at 32. Although there were two
market dominant NSAs in effect for FY
2012, Discover Financial Services and
Valassis, 2012 mailings were only made
under the Discover Financial Services
NSA and no 2012 data are available for
the Valassis NSA. Full information
regarding the Discover Financial
Services NSA appears in Library
Reference USPS–FY12–30. Id.
Service performance. The Postal
Service notes that the Commission
issued rules on periodic reporting of
service performance measurement and
customer satisfaction in FY 2010.
Responsive information appears in
Library Reference USPS–FY12–29. Id. at
34. The Postal Service says it set
aggressive on-time targets of 90 percent
or above for all market dominant
products and, overall, has been
successful in continuously improving
these scores. It asserts that its targets
have already been met or exceeded for
some products and in some districts, but
says there are several instances where
target scores have not yet been met at
the national level. Specific reasons for
these results are discussed in Library
Reference USPS–FY12–29. Id. at 34.
Customer satisfaction. The FY 2012
ACR discusses the Postal Service’s
approach for measuring customer
experience and satisfaction; describes
the methodology; presents a table with
survey results; and compares the results
from FY 2011 to FY 2012. Id. at 35–36.
Competitive products. The FY 2012
ACR provides costs, revenues, and
2 Docket
No. ACR2010, Order No. 1427, Order on
Remand, August 9, 2012.
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volumes for competitive products of
general applicability in the FY 2012
CRA or ICRA. For competitive products
not of general applicability, data are
provided in non-public Library
References USPS–FY12–NP2 and
USPS–FY12–NP27. The FY 2012 ACR
also addresses the competitive product
pricing standards of 39 U.S.C. 3633. Id.
at 38–43.
Market tests; nonpostal services. The
Postal Service also addresses the four
market dominant market tests
conducted during FY 2012, the single
competitive market test conducted
during FY 2012, and nonpostal services.
Id. at 44–46. With respect to the latter,
it notes that on December 11, 2012, the
Commission issued Order No. 1575
approving Mail Classification Schedule
(MCS) descriptions and prices for
nonpostal service products. The
approved MCS includes 11 nonpostal
service products, two of which are
market dominant and nine of which are
competitive. Id. at 45. It has provided
revenue, cost, and volume data for the
two market dominant nonpostal service
products. Id. at 45–46.
Access to filing. The Commission has
posted the publicly available portions of
the FY 2012 ACR on its Web site at
https://www.prc.gov.
Comment deadlines. Comments by
interested persons are due on or before
February 1, 2013. Reply comments are
due on or before February 15, 2013. The
Commission, upon completion of its
review of the FY 2012 ACR, public
comments, and other data and
information submitted in this
proceeding, will issue its ACD. Those
needing assistance filing electronically
may contact the Docket Section
supervisor at 202–789–6846 or via email
at prc-dockets@prc.gov. Inquiries about
access to non-public materials should
also be directed to the Docket Section.
Public Representative. Kenneth E.
Richardson is designated to serve as the
Public Representative to represent the
interests of the general public in this
proceeding. Neither the Public
Representative nor any additional
persons assigned to assist him shall
participate in or advise as to any
Commission decision in this proceeding
other than in their designated capacity.
III. Procedural Steps
IV. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. ACR2012 to consider matters raised
by the United States Postal Service’s FY
2012 Annual Compliance Report.
2. Pursuant to 35 U.S.C. 505, the
Commission appoints Kenneth E.
Richardson as an officer of the
Commission (Public Representative) in
this proceeding to represent the
interests of the general public.
3. Comments on the United States
Postal Service’s FY 2012 Annual
Compliance Report to the Commission,
including the Comprehensive Statement
of Postal Operations and other reports,
are due on or before February 1, 2013.
4. Reply comments are due on or
before February 15, 2013.
5. The Secretary shall arrange for
publication of this order in the Federal
Register.
Statutory requirements. Section 3653
of title 39 requires the Commission to
provide interested persons with an
opportunity to comment on the ACR
and to appoint an officer of the
Commission (Public Representative) to
represent the interests of the general
public. The Commission hereby solicits
public comment on the Postal Service’s
FY 2012 ACR and on whether any rates
or fees in effect during FY 2012 (for
products individually or collectively)
were not in compliance with applicable
provisions of chapter 36 of title 39 (or
regulations promulgated thereunder).
Commenters addressing market
dominant products are referred in
particular to the applicable
requirements (39 U.S.C. 3622(d) and (e)
and 3626); objectives (39 U.S.C.
3622(b)); and factors (39 U.S.C. 3622(c)).
Commenters addressing competitive
products are referred to 39 U.S.C. 3633.
The Commission also invites public
comment on the cost coverage matters
the Postal Service addresses in its filing;
service performance results; levels of
customer satisfaction achieved; progress
toward goals established in the annual
Comprehensive Statement; and such
other matters that may be relevant to the
Commission’s review. Comments on
these topics will, inter alia, assist the
Commission in developing appropriate
recommendations to the Postal Service
related to the protection or promotion of
the public policy objectives of title 39.
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By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2013–00094 Filed 1–7–13; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL SERVICE
International Product Change—Global
Expedited Package Services—NonPublished Rates
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
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Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add Global
Expedited Package Services—NonPublished Rates 4 (GEPS–NPR 4) to the
Competitive Products List.
SUMMARY:
DATES:
Effective date: January 8, 2013.
FOR FURTHER INFORMATION CONTACT:
Patricia A. Fortin, 202–268–8785.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642, on December 21, 2012, it filed
with the Postal Regulatory Commission
a Request of the United States Postal
Service to add Global Expedited
Package Services—Non-Published Rates
4 (GEPS–NPR 4) to the Competitive
Products List and Notice of Filing
GEPS–NPR 4 Model Contract and
Application for Non-public Treatment
of Materials Filed Under Seal.
Documents are available at
www.prc.gov, Docket Nos. MC2013–27
and CP2013–35.
SUPPLEMENTARY INFORMATION:
Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2013–00074 Filed 1–7–13; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–68533; File No. SR–NYSE–
2012–74]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Extending the
Bond Trading License and the Bond
Liquidity Provider Pilot Program
December 21, 2012.
Correction
In notice document 2012–31260,
appearing on pages 77166–77167 in the
issue of Monday, December 31, 2012,
make the following correction:
On page 77166, in the second column,
the Release No. and the File No., are
corrected to read as set forth above.
[FR Doc. C1–2012–31260 Filed 1–7–13; 8:45 am]
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BILLING CODE 1505–01–D
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–68555; File No. SR–FICC–
2012–07]
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Order
Approving Proposed Rule Change
Relating to Enhancements That the
Mortgage-Backed Securities Division
Intends To Implement to its Services
and Certain Other Clarifications and
Corrections to Its Rules
January 2, 2013.
I. Introduction
On November 6, 2012, the Fixed
Income Clearing Corporation (‘‘FICC’’ or
the ‘‘Corporation’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) proposed rule change
SR–FICC–2012–07 pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19ba–4
thereunder.2 The proposed rule change
was published for comment in the
Federal Register on November 21,
2012.3 No comments letters were
received on the proposed rule change.
This order approves the proposed rule
change.
II. Description
The proposed rule change relates to
certain enhancements that the MortgageBacked Securities Division (‘‘MBSD’’) of
FICC intends to implement to its
services. In addition, FICC proposes to
make certain corrections and
clarifications to the MBSD Rules. As
noted below, some of the proposed
changes do not require revisions to the
MBSD Rules.
1. Expansion of Pool Netting To Include
Pool Instructs From the Previous
Settlement Months
MBSD proposed to further extend
pool netting benefits to its members by
capturing Pool Instructs 4 submitted for
allocations made after the traded pool’s
settlement month has passed. The
proposed changes allow more activity
into the pool net which results in fewer
settlements.
Currently, MBSD’s pool netting
process only nets Pool Instructs for the
current delivery date if their
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Securities Exchange Act Release No. 68245
(November 15, 2012), 77 FR 69913 (November 21,
2012).
4 A Pool Instruct is an input used by a member
to submit pool details directly into the Real-Time
Trade Matching ® (‘‘RTTM®’’) system for bilateral
matching and assignment to a corresponding open
TBA position as a prerequisite to the pool netting
process.
corresponding contractual settlement
dates (‘‘CSD’’) are also in the current
month.5 For example, with respect to a
delivery date of August 14, 2012,
MBSD’s pool netting process would
only net Pool Instructs having a CSD
ranging from August 1, 2012 through
August 14, 2012 and having a delivery
date of August 14, 2012. As such, only
Pool Instructs having a CSD in the
current month will be included in pool
netting.
The proposed new process will net
Pool Instructs from previous settlement
months that are submitted for delivery
dates in the current month. For
example, if we assume that today is
August 13, 2012, and a member submits
multiple Pool Instructs all having a CSD
equal to July 12, 2012 and a delivery
date equal to August 14, 2012, on the
evening of August 13th, these Pool
Instructs would be netted against each
other to arrive at a single pool net
settlement position for the July 12, 2012
CSD and August 14th delivery date.
The proposed changes do not require
revisions to the text of the MBSD Rules.
2. Notification of Settlement for
Specified Pool Trades
A Notification of Settlement (‘‘NOS’’)
is an instruction submitted to the
Corporation by a purchasing or selling
clearing member which reflects the
settlement of a Settlement Balance
Order Trade, Trade-for-Trade
Transaction or Specified Pool Trade
(‘‘SPT’’).6 MBSD is proposing to change
the manner in which NOS processing
occurs for SPTs so that it follows similar
processing rules as those applied to
NOS for Settlement Balance Order
Trades and Trade-for-Trade
Transactions.
Currently, MBSD Rule 10 Section 2
states that the trade details for a NOS
submitted by both parties of a SPT must
fully match in order for the clearance of
the SPTs to be reflected on the
member’s Purchase and Sale Report 7 or
both parties must submit a cancellation
of the transaction in order for the
transaction to be deleted from each
party’s respective Open Commitment
Report.8
MBSD proposed to enhance the NOS
for SPTs by no longer requiring the
current face value submitted on each
1 15
2 17
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5 See
MBSD Rule 8 Section 3.
MBSD Rule 1, Definitions.
7 ‘‘Purchase and Sale Report’’ is defined as the
report furnished by the Corporation reflecting a
member’s Compared Trades in Eligible Securities.’’
See MBSD Rule 1, Definitions.
8 ‘‘Open Commitment Report’’ is defined as the
report furnished by the Corporation to members
reflecting such member’s open commitments in the
Clearing System. See MBSD Rule 1, Definitions.
6 See
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Agencies
[Federal Register Volume 78, Number 5 (Tuesday, January 8, 2013)]
[Notices]
[Pages 1277-1278]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-00074]
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POSTAL SERVICE
International Product Change--Global Expedited Package Services--
Non-Published Rates
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
[[Page 1278]]
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add Global Expedited Package Services--
Non-Published Rates 4 (GEPS-NPR 4) to the Competitive Products List.
DATES: Effective date: January 8, 2013.
FOR FURTHER INFORMATION CONTACT: Patricia A. Fortin, 202-268-8785.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642, on December 21,
2012, it filed with the Postal Regulatory Commission a Request of the
United States Postal Service to add Global Expedited Package Services--
Non-Published Rates 4 (GEPS-NPR 4) to the Competitive Products List and
Notice of Filing GEPS-NPR 4 Model Contract and Application for Non-
public Treatment of Materials Filed Under Seal. Documents are available
at www.prc.gov, Docket Nos. MC2013-27 and CP2013-35.
Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2013-00074 Filed 1-7-13; 8:45 am]
BILLING CODE 7710-12-P