New Postal Product, 19652-19653 [2016-07680]

Download as PDF 19652 Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Notices Package Services 3 negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: April 7, 2016. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at http:// 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. Notice of Filings III. Ordering Paragraphs asabaliauskas on DSK3SPTVN1PROD with NOTICES I. Introduction On March 30, 2016, the Postal Service filed notice that it has agreed to a second modification to the existing Global Expedited Package Services 3 negotiated service agreement approved in this docket.1 In support of its Notice, the Postal Service includes a redacted copy of the Modification and a certification of compliance with 39 U.S.C. 3633(a), as required by 39 CFR 3015.5. The Postal Service also filed the unredacted Modification and supporting financial information under seal. The Postal Service seeks to incorporate by reference the Application for NonPublic Treatment originally filed in this docket for the protection of information that it has filed under seal. Notice at 1– 2. The Modification allows the customer to use Priority Mail Express International service, revises the minimum commitment, and amends Annex 1 of the contract. Id. at 1. The Postal Service intends for the Modification to become effective on April 15, 2016. Id. The Postal Service asserts that the Modification will not impair the ability of the contract to comply with 39 U.S.C. 3633. Id. Attachment 2. II. Notice of Filings The Commission invites comments on whether the changes presented in the 1 Notice of the United States Postal Service of Filing Modification Two to Global Expedited Package Services 3 Negotiated Service Agreement, March 30, 2016 (Notice). The modification is an attachment to the Notice (Modification). VerDate Sep<11>2014 17:18 Apr 04, 2016 Jkt 238001 Postal Service’s Notice are consistent with the policies of 39 U.S.C. 3632, 3633, or 3642, 39 CFR 3015.5, and 39 CFR part 3020, subpart B. Comments are due no later than April 7, 2016. The public portions of these filings can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Curtis E. Kidd to represent the interests of the general public (Public Representative) in this docket. III. Ordering Paragraphs It is ordered: 1. The Commission reopens Docket No. CP2015–143 for consideration of matters raised by the Postal Service’s Notice. 2. Pursuant to 39 U.S.C. 505, the Commission appoints Curtis E. Kidd to serve as an officer of the Commission (Public Representative) to represent the interests of the general public in this proceeding. 3. Comments are due no later than April 7, 2016. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Stacy L. Ruble, Secretary. BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2016–113 and CP2016–141; Order No. 3203] New Postal Product Postal Regulatory Commission. Notice. AGENCY: The Commission is noticing a recent Postal Service filing concerning the addition of Priority Mail & Parcel Select Contract 1 to the competitive product list. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: April 6, 2016. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at http:// 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. SUMMARY: PO 00000 Frm 00104 Fmt 4703 Table of Contents I. Introduction II. Notice of Commission Action III. Ordering Paragraphs I. Introduction In accordance with 39 U.S.C. 3642 and 39 CFR 3020.30–.35, the Postal Service filed a formal request and associated supporting information to add Priority Mail & Parcel Select Contract 1 to the competitive product list.1 The Postal Service contemporaneously filed a redacted contract related to the proposed new product under 39 U.S.C. 3632(b)(3) and 39 CFR 3015.5. Request, Attachment B. To support its Request, the Postal Service filed a copy of the contract, a copy of the Governors’ Decision authorizing the product, proposed changes to the Mail Classification Schedule, a Statement of Supporting Justification, a certification of compliance with 39 U.S.C. 3633(a), and an application for non-public treatment of certain materials. It also filed supporting financial workpapers. II. Notice of Commission Action [FR Doc. 2016–07748 Filed 4–4–16; 8:45 am] ACTION: SUPPLEMENTARY INFORMATION: Sfmt 4703 The Commission establishes Docket Nos. MC2016–113 and CP2016–141 to consider the Request pertaining to the proposed Priority Mail & Parcel Select Contract 1 product and the related contract, respectively. The Commission invites 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, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comments are due no later than April 6, 2016. The public portions of these filings can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Katalin K. Clendenin to serve as Public Representative in these dockets. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. MC2016–113 and CP2016–141 to consider the matters raised in each docket. 2. Pursuant to 39 U.S.C. 505, Katalin K. Clendenin is appointed to serve as an officer of the Commission to represent the interests of the general public in 1 Request of the United States Postal Service to Add Priority Mail & Parcel Select Contract 1 to Competitive Product List and Notice of Filing (Under Seal) of Unredacted Governors’ Decision, Contract, and Supporting Data, March 29, 2016 (Request). E:\FR\FM\05APN1.SGM 05APN1 Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Notices these proceedings (Public Representative). 3. Comments are due no later than April 6, 2016. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Stacy L. Ruble, Secretary. [FR Doc. 2016–07680 Filed 4–4–16; 8:45 am] BILLING CODE 7710–FW–P I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change POSTAL SERVICE Product Change—Priority Mail and Parcel Select Negotiated Service Agreement Postal ServiceTM. Notice. AGENCY: ACTION: notice is hereby given that on March 28, 2016, Chicago Board Options Exchange, Incorporated (the ‘‘Exchange’’ or ‘‘CBOE’’) filed with the Securities and Exchange Commission (the ‘‘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. The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Effective date: April 5, 2016. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on March 29, 2016, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail & Parcel Select Contract 1 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2016–113, CP2016–141. SUMMARY: The Exchange proposes to amend the Fees Schedule. The text of the proposed rule change is available on the Exchange’s Web site (http:// www.cboe.com/AboutCBOE/ CBOELegalRegulatoryHome.aspx), at the Exchange’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 aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Stanley F. Mires, Attorney, Federal Compliance. [FR Doc. 2016–07676 Filed 4–4–16; 8:45 am] BILLING CODE 7710–P 1. Purpose Background SECURITIES AND EXCHANGE COMMISSION asabaliauskas on DSK3SPTVN1PROD with NOTICES [Release No. 34–77479; File No. SR–CBOE– 2016–026] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule To Amend the Fees Schedule March 30, 2016. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 17:18 Apr 04, 2016 FLEX Broad-Based Index Options provide users with the ability to customize key contract terms, like exercise prices, exercise styles, expiration dates and exercise settlement values. Pursuant to CBOE Rules 24A.5 and 24B.5, to initiate a FLEX transaction, a Submitting Trading Permit Holder submits a Request for Quotes (‘‘RFQs’’) to a FLEX Post Official or into CBOE’s Hybrid System.3 FLEXparticipating Trading Permit Holders (‘‘FLEX Traders’’), who have elected to receive RFQs, may then enter bids and 3 See Jkt 238001 PO 00000 CBOE Rules 24A.5 and 24B.5. Frm 00105 Fmt 4703 Sfmt 4703 19653 offers responsive to each RFQ during a specified Request Response Period.4 On March 21, 2016, the Exchange will begin offering Asian style settlement and Cliquet style settlement for certain FLEX Broad-Based Index Options. In general, Asian style settlement provides for payout based on the average of prices of a broad-based index on predetermined dates over a specified time period, and Cliquet style settlement provides for a payout that is the greater of $0 or the (positive) sum of ‘‘capped’’ monthly returns of a broad-based index on pre-determined dates over a specified period of time. These settlement types are also referred to as ‘‘Exotics’’ due to their untraditional nature. After surveying potential FLEX BroadBased Index Options users, the Exchange learned that indexed annuity writers (insurance companies) extensively use over-the-counter (‘‘OTC’’) options with Asian and Cliquet style settlement as a crediting method.5 Because of the level of customization that FLEX Broad-Based Index options provide, the Exchange is introducing exchange-traded products that would provide potential market users with an alternative to the OTC market in customized options. The new settlement types were approved pursuant to a CBOE rule filing on July 10, 2015.6 Proposed Change The Exchange proposes an Exotic Surcharge of $0.25 to be assessed on all customer (‘‘C’’ origin code) Exotic contracts executed on CBOE.7 The Exotic surcharge will be assessed to those FLEX Traders who trade customer orders in FLEX Asian and Cliquet options. The Exchange also proposes a FLEX Asian and Cliquet FLEX Trader Incentive Program (‘‘Program’’). The Program will provide monthly payments to FLEX Traders who trade orders with origin codes other than ‘‘C’’ against customer orders in FLEX Asian and Cliquet options. A compensation pool 4 Id. See CBOE Rules 24A.5 and 24B.5 for additional information regarding FLEX trading procedures. 5 A ‘‘crediting method’’ is the method used to measure the change in the underlying index (e.g., point-to-point or annual reset). 6 See Securities Exchange Act Release No. 75312 (July 10, 2016), 80 FR 42152 (July 16, 2016) (SR– CBOE–2015–044). 7 The Exchange initially filed the proposed fee changes on March 17, 2016 (SR–CBOE–2016–020). On March 18, 2016, the Exchange withdrew that filing and replaced it with SR–CBOE–2016–022. On March 24, 2016, the Exchange withdrew SR–CBOE– 2016–022 and replaced it with SR–CBOE–2016– 025. On March 28, 2016 the Exchange withdrew SR–CBOE–2016–025 and replaced it with this filing. E:\FR\FM\05APN1.SGM 05APN1

Agencies

[Federal Register Volume 81, Number 65 (Tuesday, April 5, 2016)]
[Notices]
[Pages 19652-19653]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07680]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2016-113 and CP2016-141; Order No. 3203]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning the addition of Priority Mail & Parcel Select Contract 1 to 
the competitive product list. This notice informs the public of the 
filing, invites public comment, and takes other administrative steps.

DATES: Comments are due: April 6, 2016.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://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. Notice of Commission Action
III. Ordering Paragraphs

I. Introduction

    In accordance with 39 U.S.C. 3642 and 39 CFR 3020.30-.35, the 
Postal Service filed a formal request and associated supporting 
information to add Priority Mail & Parcel Select Contract 1 to the 
competitive product list.\1\
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    \1\ Request of the United States Postal Service to Add Priority 
Mail & Parcel Select Contract 1 to Competitive Product List and 
Notice of Filing (Under Seal) of Unredacted Governors' Decision, 
Contract, and Supporting Data, March 29, 2016 (Request).
---------------------------------------------------------------------------

    The Postal Service contemporaneously filed a redacted contract 
related to the proposed new product under 39 U.S.C. 3632(b)(3) and 39 
CFR 3015.5. Request, Attachment B.
    To support its Request, the Postal Service filed a copy of the 
contract, a copy of the Governors' Decision authorizing the product, 
proposed changes to the Mail Classification Schedule, a Statement of 
Supporting Justification, a certification of compliance with 39 U.S.C. 
3633(a), and an application for non-public treatment of certain 
materials. It also filed supporting financial workpapers.

II. Notice of Commission Action

    The Commission establishes Docket Nos. MC2016-113 and CP2016-141 to 
consider the Request pertaining to the proposed Priority Mail & Parcel 
Select Contract 1 product and the related contract, respectively.
    The Commission invites 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, 39 CFR part 3015, and 39 CFR part 3020, 
subpart B. Comments are due no later than April 6, 2016. The public 
portions of these filings can be accessed via the Commission's Web site 
(http://www.prc.gov).
    The Commission appoints Katalin K. Clendenin to serve as Public 
Representative in these dockets.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket Nos. MC2016-113 and CP2016-141 
to consider the matters raised in each docket.
    2. Pursuant to 39 U.S.C. 505, Katalin K. Clendenin is appointed to 
serve as an officer of the Commission to represent the interests of the 
general public in

[[Page 19653]]

these proceedings (Public Representative).
    3. Comments are due no later than April 6, 2016.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016-07680 Filed 4-4-16; 8:45 am]
 BILLING CODE 7710-FW-P