Product Change-Priority Mail and First-Class Package Service Negotiated Service Agreement, 36165 [2017-16317]

Download as PDF Federal Register / Vol. 82, No. 148 / Thursday, August 3, 2017 / Notices Product Change—Priority Mail and First-Class Package Service Negotiated Service Agreement 2017, Fixed Income Clearing Corporation (‘‘FICC’’) 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 clearing agency. FICC filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(2) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. Postal ServiceTM. ACTION: Notice. I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change www.prc.gov, Docket Nos. MC2017–162, CP2017–227. Stanley F. Mires, Attorney, Federal Compliance. [FR Doc. 2017–16321 Filed 8–2–17; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE AGENCY: 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: Date of notice required under 39 U.S.C. 3642(d)(1): August 3, 2017. 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 July 27, 2017, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail & First-Class Package Service Contract 48 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2017–160, CP2017–225. SUMMARY: Stanley F. Mires, Attorney, Federal Compliance. [FR Doc. 2017–16317 Filed 8–2–17; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81255; File No. SR–FICC– 2017–018] mstockstill on DSK30JT082PROD with NOTICES Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees in the Mortgage-Backed Securities Division Clearing Rules and the EPN Rules July 28, 2017. 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 July 28, 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 16:35 Aug 02, 2017 Jkt 241001 On July 31, 2017, FICC will implement proposed rule change SR– FICC–2017–012 (‘‘Rule Filing 2017– 012’’).5 Rule Filing 2017–012 will amend the Mortgage-Backed Securities Division Clearing Rules (the ‘‘MBSD Rules’’) to (1) move the time that FICC novates and treats itself as the settlement counterparty for certain transactions, (2) guarantee and novate trades with stipulations (‘‘Stipulated Trades’’), and (3) establish new processes that promote operational efficiencies for Clearing Members.6 In connection with Rule Filing 2017–012, FICC is proposing with this filing to amend the fees in the MBSD Rules and the EPN Rules (the ‘‘EPN Rules’’) as further described below.7 The changes proposed in this filing would become effective on August 1, 2017, as described below. II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency 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 clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. 3 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(2). 5 Securities Exchange Act Release No. 81051 (June 29, 2017), 82 FR 31378 (July 6, 2017) (SR– FICC–2017–012) (‘‘Approval Order’’). 6 Id. In connection with the changes in Rule Filing 2017–012, FICC will implement new processes that promote operational efficiencies for Clearing Members. The full text of Rule Filing 2017–012 may be obtained by visiting DTCC’s Web site at https://www.dtcc.com/legal/sec-rule-filings. 7 Capitalized terms not defined herein are defined in the MBSD Rules and the EPN Rules, available at https://www.dtcc.com/legal/rules-and-procedures. 4 17 PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 36165 (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose On July 31, 2017, FICC will amend the MBSD Rules to (1) move the time that FICC novates and treats itself as the settlement counterparty for certain transactions, (2) guarantee and novate trades with stipulations (‘‘Stipulated Trades’’), and (3) establish new processes that promote operational efficiencies for Clearing Members.8 In connection with Rule Filing 2017–012, FICC is proposing with this filing to amend the fees in the MBSD Rules and the EPN Rules as further described below. The changes proposed in this filing would become effective on August 1, 2017, as described below. I. Proposed Changes to the MBSD Rules FICC is proposing to amend the fees in the MBSD Rules’ Schedule of Charges Broker Account Group as listed below. 1. The Account Maintenance section would be amended to eliminate the ‘‘Option Account’’ fee. This change is being proposed because FICC will eliminate the Broker ‘‘give-up’’ process from the MBSD Rules in connection with Rule Filing 2017–012.9 Because the submission of Broker Give-Up Trades (which includes Option Contracts) will be eliminated, the associated account maintenance fee for Option Accounts will be eliminated. 2. The Trade Processing section would be amended to change the name of the ‘‘Give-Up Trade Creates’’ fee to the ‘‘Trade Creates’’ fee. This change is being proposed because FICC will eliminate the Broker ‘‘give-up’’ process from the MBSD Rules in connection with Rule Filing 2017–012.10 3. The Processing Fees section would be amended to increase the ‘‘Trade Input Non-Compliance’’ fee to $1,000 a month per Account from $500 a month per Account. This change is being proposed in order to encourage Clearing Members to submit transactions into FICC’s Real-Time Trade Matching (‘‘RTTM’’) system in a timely manner. The timely submission of transactions is especially important because FICC will novate and become the settlement counterparty to all transactions (other than Option Contracts) pursuant to Rule Filing 2017–012.11 FICC is proposing to amend the fees in the MBSD Rules’ Schedule of Charges Dealer Account Group as listed below. 8 See 9 See Approval Order, supra note 5. Approval Order, 82 FR at 31382. 10 Id. 11 See E:\FR\FM\03AUN1.SGM Approval Order, supra note 5. 03AUN1

Agencies

[Federal Register Volume 82, Number 148 (Thursday, August 3, 2017)]
[Notices]
[Page 36165]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16317]


-----------------------------------------------------------------------

POSTAL SERVICE


Product Change--Priority Mail and First-Class Package Service 
Negotiated Service Agreement

AGENCY: Postal ServiceTM.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: 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: Date of notice required under 39 U.S.C. 3642(d)(1): August 3, 
2017.

FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.

SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg] 
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on 
July 27, 2017, it filed with the Postal Regulatory Commission a Request 
of the United States Postal Service to Add Priority Mail & First-Class 
Package Service Contract 48 to Competitive Product List. Documents are 
available at www.prc.gov, Docket Nos. MC2017-160, CP2017-225.

Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2017-16317 Filed 8-2-17; 8:45 am]
BILLING CODE 7710-12-P