Market Test of Experimental Product-Customized Delivery, 15760-15761 [2016-06616]
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15760
Federal Register / Vol. 81, No. 57 / Thursday, March 24, 2016 / Notices
accessed via the Commission’s Web site
(https://www.prc.gov).
The Commission appoints Lyudmila
Y. Bzhilyanskaya to serve as Public
Representative in these dockets.
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
Nos. MC2016–102 and CP2016–130 to
consider the matters raised in each
docket.
2. Pursuant to 39 U.S.C. 505,
Lyudmila Y. Bzhilyanskaya is appointed
to serve as an officer of the Commission
to represent the interests of the general
public in these proceedings (Public
Representative).
3. Comments are due no later than
March 28, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016–06676 Filed 3–23–16; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket No. MT2016–1; Order No. 3162]
Market Test of Experimental ProductCustomized Delivery
Postal Regulatory Commission.
ACTION: Notice.
AGENCY:
The Commission is noticing a
recently-filed Postal Service proposal to
conduct a market test of an
experimental product called Global
eCommerce Marketplace (GeM)
Merchant. This notice informs the
public of the filing, invites public
comment, and takes other
administrative steps.
DATES: Comments are due: April 11,
2016.
SUMMARY:
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Background
VerDate Sep<11>2014
17:44 Mar 23, 2016
Jkt 238001
III. Contents of Filing
IV. Notice of Commission Action
V. Ordering Paragraphs
I. Introduction
In accordance with 39 U.S.C. 3641
and 39 CFR 3035.3, the Postal Service
filed notice of its intent to conduct a
market test of an experimental product
called Global eCommerce Marketplace
(GeM) Merchant.1 GeM Merchant would
allow domestic online merchants to
offer their international customers the
ability, at the time of purchase, to
prepay the estimated duties and taxes
that the foreign country’s customs
agency will assess upon the shipment’s
arrival in the foreign destination. Notice
at 2.
II. Background
According to the Postal Service, GeM
Merchant constitutes a novel
eCommerce service for domestic online
merchants and their international
customers. Id. The Postal Service
explains that at the time of purchase,
GeM Merchant would allow
international customers of domestic
online merchants to prepay estimated
duties and taxes. Id. The Postal Service
describes that the domestic merchant
will receive the order and will prepare
the item for domestic shipment to the
GeM processing facility. Id. After the
item arrives at the GeM processing
facility, the Postal Service indicates that
it or its supplier will inspect the item
for verification and security, as well as
prepare and arrange for the item’s
international shipment and delivery to
the overseas address. Id.
A. Nature and Scope of the Proposed
GeM Merchant Market Test
The Postal Service intends to offer
GeM Merchant to a limited number of
domestic online merchants through
negotiated service agreements (NSAs)
that would include, but not be limited
to, localization, export compliance,
delivery speed, and targeted marketing
features. Id. Through the market test, the
Postal Service plans to assess GeM
Merchant’s revenue potential,
competitive price points, and potential
for expansion. Id.
The Postal Service asserts that the
proposed GeM Merchant market test
would likely benefit the public by
meeting the demands of domestic online
merchants and their international
customers. Id. at 7. The Postal Service
1 Notice of the United States Postal Service of
Market Test of Experimental Product—Global
eCommerce Marketplace (GeM) Merchant Solution
and Notice of Filing GeM Merchant Model Contract
and Application for Non-Public Treatment of
Materials Filed Under Seal, March 16, 2016
(Notice).
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
anticipates that the GeM Merchant
product would contribute to the Postal
Service’s financial stability by
generating more outbound international
package delivery opportunities. Id. at 7–
8.
1. Duration
The Postal Service plans to begin the
market test on or shortly after April 30,
2016, to run for 2 calendar years. Id. at
6. After determining the actual start
date, the Postal Service intends to file a
notice with the Commission providing
the definite start date. Id. at 6 n.4.
During the 2-year market test period, the
Postal Service intends to offer NSAs
with standard 1-year terms to domestic
online merchants. Id. at 6. The Postal
Service requests that the Notice serve as
an application for extension under 39
U.S.C. 3641(d) for any NSAs that have
terms that extend beyond the 2-year
period of the market test. Id. The Postal
Service represents the extension would
be limited to satisfying existing
contractual obligations and that it
would not initiate any new agreements
with merchants after the 2-year period
of the market test. Id. at 6–7. If the
market test is successful, the Postal
Service states that it would seek
permanent product status for GeM
Merchant. Id. at 7.
2. Geographic Markets
According to the Postal Service,
because GeM Merchant is an
international product offered to select
domestic merchants through NSAs
rather than a retail service offered to the
American public, the geographical
scope analysis under 39 CFR
3035.3(a)(2)(iv) is not germane to this
market test. Id. The Postal Service
represents that it intends to offer GeM
Merchant using two processing
locations and to execute contracts with
few merchants, i.e., less than 1 percent
of the overall domestic merchant target
segment. Id.
3. Revenues
The Postal Service does not request a
waiver of the $10 million, as adjusted
for inflation, annual revenue limitation
at this time. Id.; see 39 U.S.C. 3641(e).
If market test revenues approach the
cap, the Postal Service states that it will
submit an application for exemption
from the $10 million limitation under
39 U.S.C. 3641(e)(2) and 39 CFR
3035.16. Notice at 7.
4. Data Collection Plan
The Postal Service proposes to report
the costs, revenues, and volumes
associated with each agreement on a
E:\FR\FM\24MRN1.SGM
24MRN1
Federal Register / Vol. 81, No. 57 / Thursday, March 24, 2016 / Notices
quarterly basis. Id. at 8; see 39 CFR
3035.20.
related financial information remain
under seal. Id. Attachment 1.
5. Statutory Authority
IV. Notice of Commission Action
The Postal Service asserts that the
proposed GeM Merchant market test
satisfies the conditions on market tests
of experimental products. Notice at 3;
see 39 U.S.C. 3641(b). The Postal
Service submits that GeM Merchant is
significantly different from all products
offered within the past 2 years. Notice
at 3; see 39 U.S.C. 3641(b)(1). The Postal
Service states that GeM Merchant would
offer a new feature: the ability for a
consumer to prepay estimated foreign
duties and taxes at the time of purchase.
Notice at 4.
The Postal Service does not expect
GeM Merchant to create an ‘‘unfair or
otherwise inappropriate competitive
advantage for the Postal Service or any
mailer, with regard to any other party
(including small businesses).’’ Id. at 5
(quoting 39 U.S.C. 3641(b)(2)); see 39
U.S.C. 3641(b)(2). The Postal Service
states that at least four companies
presently offer similar services,
including one small business, which the
Postal Service has contracted with.
Notice at 5. Furthermore, the Postal
Service represents that the proposed
GeM Merchant market test would not
directly compete with small businesses
offering niche regional and freightforwarding services because those small
businesses serve a different market than
the end-to-end GeM Merchant product.
Id.
The Postal Service classifies GeM
Merchant as a competitive product,
asserting that GeM Merchant is designed
for international packages and are
unlikely to contain any letters, and thus,
do not fall under the Private Express
Statutes. Id. at 6; see 39 U.S.C.
3641(b)(3). The Postal Service asserts
that it faces significant competition in
the outbound international package
delivery marketplace, including major
competitors with products for
facilitating outbound international
shipments with duties and taxes paid at
the time of purchase. Notice at 6.
The Commission establishes Docket
No. MT2016–1 to consider matters
raised by the Notice. The Commission
invites comments on whether the Postal
Service’s filing is consistent with the
requirements of 39 U.S.C. 3641 and 39
CFR part 3035. Comments are due no
later than April 11, 2016. The public
portions of these filings can be accessed
via the Commission’s Web site (https://
www.prc.gov).
The Commission appoints James
Waclawski to serve as an officer of the
Commission to represent the interests of
the general public in these proceedings
(Public Representative).
asabaliauskas on DSK3SPTVN1PROD with NOTICES
III. Contents of Filing
To support its Notice, the Postal
Service filed its proposed changes to the
Mail Classification Schedule, as well as
redacted versions of the GeM Merchant
model contract, GeM Merchant price
ranges summary, and supporting
financial workpapers. The Postal
Service also submitted an application
for non-public treatment of materials
requesting that unredacted versions of
the GeM Merchant model contract, GeM
Merchant price ranges summary, and
VerDate Sep<11>2014
17:44 Mar 23, 2016
Jkt 238001
V. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. MT2016–1 to consider the matters
raised by the Notice.
2. Pursuant to 39 U.S.C. 505, James
Waclawski is appointed to serve as an
officer of the Commission to represent
the interests of the general public in
these proceedings (Public
Representative).
3. Comments are due no later than
April 11, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016–06616 Filed 3–23–16; 8:45 am]
BILLING CODE 7710–FW–P
Market Test of Experimental Product:
Global eCommerce Marketplace (GeM)
Merchant Solution
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of a market test of an
experimental product in accordance
with statutory requirements.
DATES: March 24, 2016.
FOR FURTHER INFORMATION CONTACT: Kyle
Coppin, 202–268–2368.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice pursuant to 39 U.S.C.
3641(c)(1) that it will begin a market test
of its Global eCommerce Marketplace
(GeM) Merchant Solution experimental
product on or after April 30, 2016. The
Postal Service has filed with the Postal
SUMMARY:
Frm 00085
Fmt 4703
Regulatory Commission a notice setting
out the basis for the Postal Service’s
determination that the market test is
covered by 39 U.S.C. 3641 and
describing the nature and scope of the
market test. Documents are available at
www.prc.gov, Docket No. MT2016–1.
Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2016–06623 Filed 3–23–16; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77402; File No. SR–Phlx–
2016–21]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change To Amend
Rebates and Fees for Adding and
Removing Liquidity in SPY
March 18, 2016.
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 March 10,
2016, NASDAQ PHLX LLC
(‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III, below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
DATE:
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
POSTAL SERVICE
PO 00000
15761
Sfmt 4703
The Exchange proposes to amend the
Phlx Pricing Schedule at Section I,
entitled ‘‘Rebates and Fees for Adding
and Removing Liquidity in SPY,’’
specifically related to PIXL 3 executions
in options overlying SPY.4
The text of the proposed rule change
is available on the Exchange’s Web site
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 PIXLSM is the Exchange’s price improvement
mechanism known as Price Improvement XL or
PIXL. A member may electronically submit for
execution an order it represents as agent on behalf
of a public customer, broker-dealer, or any other
entity (‘‘PIXL Order’’) against principal interest or
against any other order (except as provided in Rule
1080(n)(i)(E)) it represents as agent (‘‘Initiating
Order’’), provided it submits the PIXL order for
electronic execution into the PIXL Auction
pursuant to Rule 1080. See Exchange Rule 1080(n).
4 Options overlying Standard and Poor’s
Depositary Receipts/SPDRs (‘‘SPY’’) are based on
the SPDR exchange-traded fund, which is designed
to track the performance of the S&P 500 Index.
2 17
E:\FR\FM\24MRN1.SGM
24MRN1
Agencies
[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Pages 15760-15761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06616]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket No. MT2016-1; Order No. 3162]
Market Test of Experimental Product-Customized Delivery
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is noticing a recently-filed Postal Service
proposal to conduct a market test of an experimental product called
Global eCommerce Marketplace (GeM) Merchant. This notice informs the
public of the filing, invites public comment, and takes other
administrative steps.
DATES: Comments are due: April 11, 2016.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at https://www.prc.gov. Those who cannot submit comments
electronically should contact the person identified in the FOR FURTHER
INFORMATION CONTACT section by telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at
202-789-6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Background
III. Contents of Filing
IV. Notice of Commission Action
V. Ordering Paragraphs
I. Introduction
In accordance with 39 U.S.C. 3641 and 39 CFR 3035.3, the Postal
Service filed notice of its intent to conduct a market test of an
experimental product called Global eCommerce Marketplace (GeM)
Merchant.\1\ GeM Merchant would allow domestic online merchants to
offer their international customers the ability, at the time of
purchase, to prepay the estimated duties and taxes that the foreign
country's customs agency will assess upon the shipment's arrival in the
foreign destination. Notice at 2.
---------------------------------------------------------------------------
\1\ Notice of the United States Postal Service of Market Test of
Experimental Product--Global eCommerce Marketplace (GeM) Merchant
Solution and Notice of Filing GeM Merchant Model Contract and
Application for Non-Public Treatment of Materials Filed Under Seal,
March 16, 2016 (Notice).
---------------------------------------------------------------------------
II. Background
According to the Postal Service, GeM Merchant constitutes a novel
eCommerce service for domestic online merchants and their international
customers. Id. The Postal Service explains that at the time of
purchase, GeM Merchant would allow international customers of domestic
online merchants to prepay estimated duties and taxes. Id. The Postal
Service describes that the domestic merchant will receive the order and
will prepare the item for domestic shipment to the GeM processing
facility. Id. After the item arrives at the GeM processing facility,
the Postal Service indicates that it or its supplier will inspect the
item for verification and security, as well as prepare and arrange for
the item's international shipment and delivery to the overseas address.
Id.
A. Nature and Scope of the Proposed GeM Merchant Market Test
The Postal Service intends to offer GeM Merchant to a limited
number of domestic online merchants through negotiated service
agreements (NSAs) that would include, but not be limited to,
localization, export compliance, delivery speed, and targeted marketing
features. Id. Through the market test, the Postal Service plans to
assess GeM Merchant's revenue potential, competitive price points, and
potential for expansion. Id.
The Postal Service asserts that the proposed GeM Merchant market
test would likely benefit the public by meeting the demands of domestic
online merchants and their international customers. Id. at 7. The
Postal Service anticipates that the GeM Merchant product would
contribute to the Postal Service's financial stability by generating
more outbound international package delivery opportunities. Id. at 7-8.
1. Duration
The Postal Service plans to begin the market test on or shortly
after April 30, 2016, to run for 2 calendar years. Id. at 6. After
determining the actual start date, the Postal Service intends to file a
notice with the Commission providing the definite start date. Id. at 6
n.4. During the 2-year market test period, the Postal Service intends
to offer NSAs with standard 1-year terms to domestic online merchants.
Id. at 6. The Postal Service requests that the Notice serve as an
application for extension under 39 U.S.C. 3641(d) for any NSAs that
have terms that extend beyond the 2-year period of the market test. Id.
The Postal Service represents the extension would be limited to
satisfying existing contractual obligations and that it would not
initiate any new agreements with merchants after the 2-year period of
the market test. Id. at 6-7. If the market test is successful, the
Postal Service states that it would seek permanent product status for
GeM Merchant. Id. at 7.
2. Geographic Markets
According to the Postal Service, because GeM Merchant is an
international product offered to select domestic merchants through NSAs
rather than a retail service offered to the American public, the
geographical scope analysis under 39 CFR 3035.3(a)(2)(iv) is not
germane to this market test. Id. The Postal Service represents that it
intends to offer GeM Merchant using two processing locations and to
execute contracts with few merchants, i.e., less than 1 percent of the
overall domestic merchant target segment. Id.
3. Revenues
The Postal Service does not request a waiver of the $10 million, as
adjusted for inflation, annual revenue limitation at this time. Id.;
see 39 U.S.C. 3641(e). If market test revenues approach the cap, the
Postal Service states that it will submit an application for exemption
from the $10 million limitation under 39 U.S.C. 3641(e)(2) and 39 CFR
3035.16. Notice at 7.
4. Data Collection Plan
The Postal Service proposes to report the costs, revenues, and
volumes associated with each agreement on a
[[Page 15761]]
quarterly basis. Id. at 8; see 39 CFR 3035.20.
5. Statutory Authority
The Postal Service asserts that the proposed GeM Merchant market
test satisfies the conditions on market tests of experimental products.
Notice at 3; see 39 U.S.C. 3641(b). The Postal Service submits that GeM
Merchant is significantly different from all products offered within
the past 2 years. Notice at 3; see 39 U.S.C. 3641(b)(1). The Postal
Service states that GeM Merchant would offer a new feature: the ability
for a consumer to prepay estimated foreign duties and taxes at the time
of purchase. Notice at 4.
The Postal Service does not expect GeM Merchant to create an
``unfair or otherwise inappropriate competitive advantage for the
Postal Service or any mailer, with regard to any other party (including
small businesses).'' Id. at 5 (quoting 39 U.S.C. 3641(b)(2)); see 39
U.S.C. 3641(b)(2). The Postal Service states that at least four
companies presently offer similar services, including one small
business, which the Postal Service has contracted with. Notice at 5.
Furthermore, the Postal Service represents that the proposed GeM
Merchant market test would not directly compete with small businesses
offering niche regional and freight-forwarding services because those
small businesses serve a different market than the end-to-end GeM
Merchant product. Id.
The Postal Service classifies GeM Merchant as a competitive
product, asserting that GeM Merchant is designed for international
packages and are unlikely to contain any letters, and thus, do not fall
under the Private Express Statutes. Id. at 6; see 39 U.S.C. 3641(b)(3).
The Postal Service asserts that it faces significant competition in the
outbound international package delivery marketplace, including major
competitors with products for facilitating outbound international
shipments with duties and taxes paid at the time of purchase. Notice at
6.
III. Contents of Filing
To support its Notice, the Postal Service filed its proposed
changes to the Mail Classification Schedule, as well as redacted
versions of the GeM Merchant model contract, GeM Merchant price ranges
summary, and supporting financial workpapers. The Postal Service also
submitted an application for non-public treatment of materials
requesting that unredacted versions of the GeM Merchant model contract,
GeM Merchant price ranges summary, and related financial information
remain under seal. Id. Attachment 1.
IV. Notice of Commission Action
The Commission establishes Docket No. MT2016-1 to consider matters
raised by the Notice. The Commission invites comments on whether the
Postal Service's filing is consistent with the requirements of 39
U.S.C. 3641 and 39 CFR part 3035. Comments are due no later than April
11, 2016. The public portions of these filings can be accessed via the
Commission's Web site (https://www.prc.gov).
The Commission appoints James Waclawski to serve as an officer of
the Commission to represent the interests of the general public in
these proceedings (Public Representative).
V. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket No. MT2016-1 to consider the
matters raised by the Notice.
2. Pursuant to 39 U.S.C. 505, James Waclawski is appointed to serve
as an officer of the Commission to represent the interests of the
general public in these proceedings (Public Representative).
3. Comments are due no later than April 11, 2016.
4. The Secretary shall arrange for publication of this order in the
Federal Register.
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016-06616 Filed 3-23-16; 8:45 am]
BILLING CODE 7710-FW-P