Product Change-Priority Mail Negotiated Service Agreement, 58229-58230 [2017-26586]
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Federal Register / Vol. 82, No. 236 / Monday, December 11, 2017 / Notices
This notice will be published in the
Federal Register.
Stacy L. Ruble,
Secretary.
Priority Mail Express Contract 54 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–46, CP2018–76.
[FR Doc. 2017–26615 Filed 12–8–17; 8:45 am]
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
BILLING CODE 7710–FW–P
[FR Doc. 2017–26589 Filed 12–8–17; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
POSTAL SERVICE
Postal ServiceTM.
ACTION: Notice.
Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement
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): December 11, 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 December 6,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 384 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–45, CP2018–75.
SUMMARY:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–26588 Filed 12–8–17; 8:45 am]
BILLING CODE 7710–12–P
[FR Doc. 2017–26666 Filed 12–8–17; 8:45 am]
Postal ServiceTM.
ACTION: Notice.
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): December 11, 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 December 6,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & First-Class Package
Service Contract 64 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2018–48,
CP2018–78.
SUMMARY:
[FR Doc. 2017–26667 Filed 12–8–17; 8:45 am]
Product Change—Priority Mail Express
Negotiated Service Agreement
BILLING CODE 7710–12–P
Postal ServiceTM.
ACTION: Notice.
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): December 11, 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 December 6,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
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BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
POSTAL SERVICE
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 6,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 385 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–47, CP2018–77.
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
Product Change—Priority Mail
Negotiated Service Agreement
AGENCY:
58229
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
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): December 11, 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 December 5,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 383 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–43, CP2018–73.
SUMMARY:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–26587 Filed 12–8–17; 8:45 am]
BILLING CODE 7710–12–P
Product Change—Priority Mail
Negotiated Service Agreement
POSTAL SERVICE
Postal ServiceTM.
ACTION: Notice.
Product Change—Priority Mail
Negotiated Service Agreement
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): December 11, 2017.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
SUMMARY:
PO 00000
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Postal ServiceTM.
Notice.
AGENCY:
ACTION:
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): December 11, 2017.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUMMARY:
E:\FR\FM\11DEN1.SGM
11DEN1
58230
Federal Register / Vol. 82, No. 236 / Monday, December 11, 2017 / Notices
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 5,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 382 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–42, CP2018–72.
SUPPLEMENTARY INFORMATION:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82221; File No. SR–OCC–
2017–805]
Self-Regulatory Organizations; The
Options Clearing Corporation; Notice
of No Objection To Advance Notice
Filing Concerning the Use of the
Society of Worldwide Interbank
Financial Telecommunication
(‘‘SWIFT’’) Messaging Network in
OCC’s Cash Settlement Process
[FR Doc. 2017–26586 Filed 12–8–17; 8:45 am]
December 5, 2017.
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Parcel Select
Negotiated Service Agreement
AGENCY:
ACTION:
Postal ServiceTM.
Notice.
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.
SUMMARY:
Date of notice required under 39
U.S.C. 3642(d)(1): December 11, 2017.
DATES:
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 5,
2017, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Parcel
Select Contract 26 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2018–44,
CP2018–74.
SUPPLEMENTARY INFORMATION:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–26590 Filed 12–8–17; 8:45 am]
daltland on DSKBBV9HB2PROD with NOTICES
BILLING CODE 7710–12–P
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17:54 Dec 08, 2017
Jkt 244001
The Options Clearing Corporation
(‘‘OCC’’) filed on October 10, 2017 with
the Securities and Exchange
Commission (‘‘Commission’’) advance
notice SR–OCC–2017–805 (‘‘Advance
Notice’’) pursuant to Section 806(e)(1) of
the Payment, Clearing, and Settlement
Supervision Act of 2010 (‘‘Payment,
Clearing and Settlement Supervision
Act’’) 1 and Rule 19b–4(n)(1)(i) under
the Securities Exchange Act of 1934 2
(‘‘Exchange Act’’) to propose changes to
the current process OCC uses to conduct
cash settlement with Clearing
Members 3 by requiring Clearing Banks
to integrate the use of the Society of
Worldwide Interbank Financial
Telecommunication (‘‘SWIFT’’)
messaging network. The proposed
changes are intended to enhance the
resiliency, efficiency, and consistency of
the cash settlement process and thereby
mitigate risks that are associated with
the existing cash settlement process.
The Advance Notice was published for
comment in the Federal Register on
November 17, 2017.4 The Commission
has not received any comments on the
Advance Notice to date. This
publication serves as notice of no
objection to the Advance Notice.
I. Background
In connection with OCC’s
performance of clearance and settlement
1 12 U.S.C. 5465(e)(1). The Financial Stability
Oversight Council designated OCC a systemically
important financial market utility (‘‘SIFMU’’) on
July 18, 2012. See Financial Stability Oversight
Council 2012 Annual Report, Appendix A, https://
www.treasury.gov/initiatives/fsoc/Documents/
2012%20Annual%20Report.pdf. Therefore, OCC is
required to comply with the Payment, Clearing and
Settlement Supervision Act and file advance
notices with the Commission.
2 17 CFR 240.19b–4(n)(1)(i).
3 Unless specified otherwise, capitalized terms
shall have the meaning OCC ascribes in its By-Laws
and Rules.
4 Notice of Filing of Advance Notice Concerning
the use of the Society of Worldwide Interbank
Financial Telecommunication Messaging Network
in OCC’s Cash Settlement Process, Exchange Act
Release No. 82055 (Nov. 13, 2017), 82 FR 54448
(Nov. 17, 2017) (‘‘Notice of Filing of Advance
Notice’’).
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services, OCC and its Clearing Members
are obligated to perform cash settlement
functions pursuant to OCC’s By-Laws
and Rules. For example, a Clearing
Member may be obligated to pay OCC
the premium for a cleared contract, or
OCC may be obligated to pay a Clearing
Member the settlement value of a
cleared contract.5 The cash settlement
process for these and other clearance
and settlement services is facilitated by
Clearing Banks, which are banks or trust
companies that have entered agreements
with OCC to settle on behalf of Clearing
Members and at which OCC and
Clearing Members each maintain
accounts.6 Currently, there are eight
Clearing Banks with which OCC effects
cash settlements through the ENCORE
clearing system (‘‘OCS’’).7
OCC generates settlement instructions
associated with Cleared Contracts and
Stock Loans of Clearing Members by
running specific predefined settlement
profiles 8 throughout the day. These
settlement instructions are categorized
as either start-of-day instructions or
intra-day instructions. The resulting
settlement instructions are generally
transmitted by OCC to Clearing Banks
by way of OCS, at which point the
Clearing Banks are able to view batches
of settlement instructions within OCS.9
Clearing Bank staff review the
settlement instructions by logging into
OCS and opening the settlement
batch.10
5 See Article VI, Section 4 of OCC’s By-Laws
(Obligations of Purchasing Clearing Members); see
also Chapter V of OCC’s Rules (Daily Cash
Settlement); Article VI, Section 6.01 of OCC’s ByLaws (requiring, among other things, that OCC be
substituted through novation as the buyer of every
seller and seller to every buyer with respect to
obligations owing to persons having positions in
cleared contract); Article I, Section 1.S.(16) of
OCC’s By-Laws (defining the term ‘‘settlement
time’’).
6 See OCC Rule 101.C.(1) (defining the term
‘‘clearing bank’’ to mean ‘‘a bank or trust company
which has entered into an agreement with [OCC] in
respect of settlement of confirmed trades on behalf
of Clearing Members.’’).
7 See generally OCC Completes Second Major
Installation of EncoreTM Clearing System
(November 25, 2002) available at https://
www.theocc.com/about/newsroom/releases/2002/
11_25.jsp.
8 Predefined settlement profiles are programmed
to track various types of obligations to pay or collect
cash in connection with Cleared Contracts and
Stock Loans that are in turn used to generate
settlement instructions.
9 A settlement batch is a set of individual debit
or credit settlement instructions that may either
instruct a Clearing Bank to move funds to or from
an OCC settlement account or to or from a Clearing
Member’s account at the same Clearing Bank.
10 One of the Clearing Banks, however, currently
does not utilize OCS as its primary means of
effecting cash settlement. Instead, the Clearing Bank
primarily receives settlement instructions from OCC
via facsimile, reviews the settlement instructions,
approves or rejects them, and then returns a
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Agencies
[Federal Register Volume 82, Number 236 (Monday, December 11, 2017)]
[Notices]
[Pages 58229-58230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26586]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail 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): December 11,
2017.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
[[Page 58230]]
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
December 5, 2017, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Contract 382 to Competitive Product List.
Documents are available at www.prc.gov, Docket Nos. MC2018-42, CP2018-
72.
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017-26586 Filed 12-8-17; 8:45 am]
BILLING CODE 7710-12-P