Product Change-Priority Mail Express and Priority Mail Negotiated Service Agreement, 27167 [2019-12211]
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Federal Register / Vol. 84, No. 112 / Tuesday, June 11, 2019 / Notices
are available at www.prc.gov, Docket
Nos. MC2019–147, CP2019–163.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–12204 Filed 6–10–19; 8:45 am]
BILLING CODE 7710–12–P
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
POSTAL SERVICE
[FR Doc. 2019–12211 Filed 6–10–19; 8:45 am]
BILLING CODE 7710–12–P
Product Change—Priority Mail
Negotiated Service Agreement
SECURITIES AND EXCHANGE
COMMISSION
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 required notice: June 11,
2019.
FOR FURTHER INFORMATION CONTACT:
Elizabeth 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 June 4, 2019, it
filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 530 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–145, CP2019–161.
SUMMARY:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–12207 Filed 6–10–19; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail Express
and Priority Mail Negotiated Service
Agreement
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 required notice: June 11,
2019.
FOR FURTHER INFORMATION CONTACT:
Elizabeth 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 June 5, 2019, it
filed with the Postal Regulatory
khammond on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:36 Jun 10, 2019
Commission a USPS Request to Add
Priority Mail Express & Priority Mail
Contract 92 to Competitive Product List.
Documents are available at
www.prc.gov, Docket Nos. MC2019–146,
CP2019–162.
Jkt 247001
[Release No. 34–86039; File No. SR–ICC–
2019–004]
Self-Regulatory Organizations; ICE
Clear Credit LLC; Order Approving
Proposed Rule Change Relating to the
ICC Model Validation Framework
June 5, 2019.
I. Introduction
On April 5, 2019, ICE Clear Credit
LLC (‘‘ICC’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’),1 and Rule 19b–4
thereunder,2 a proposed rule change to
revise the ICC Model Validation
Framework. The proposed rule change
was published in the Federal Register
on April 23, 2019.3 The Commission has
not received any comments on the
proposed rule change. For the reasons
discussed below, the Commission is
approving the proposed rule change.
II. Description of the Proposed Rule
Change
The proposed rule change would
revise the ICC Model Validation
Framework (‘‘Framework’’), which sets
forth ICC’s model validation
procedures.4 Through the model
validation procedures, ICC determines
the appropriateness of changes to the
risk modeling components (‘‘Model
Components’’) of ICC’s risk management
system and the appropriateness of the
configuration and calibration of ICC’s
risk management system.
The proposed rule change would
update the Framework’s classification of
Model Components, categorization of
model changes, documentation
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Securities Exchange Act Release No. 34–85673
(April 17, 2019), 84 FR 16900 (April 23, 2019) (SR–
ICC–2019–004) (‘‘Notice’’).
4 Notice, 84 FR at 16900. Capitalized terms used
herein but not otherwise defined have the meaning
set forth in the Framework and ICE Clear Credit
rulebook, which is available at https://
www.theice.com/clear-credit/regulation.
2 17
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
27167
requirements relating to model
inventory, the priority scale used by
independent validators, and the annual
validation of Model Components and
related practices.
The proposed rule change would
revise the ‘Risk Management System
Models’ section to account for Model
Components that are no longer utilized.5
Currently, the Framework classifies
Model Components as new Model
Components, which consider risk
drivers that are not currently included
in the risk management system, and
enhancements to Model Components,
which improve upon the methodologies
used by the risk management system to
consider a given risk driver or drivers
(these are, collectively, ‘‘Model
Change’’). The proposed rule change
would amend the Framework to add a
category for retired Model Components,
which are Model Components that are
no longer utilized in the risk
management system.
In the ‘Model Change Qualification
and Materiality’ section, the proposed
rule change would add a quantitative
measure to define certain Model
Changes.6 Currently, the Framework
classifies a Model Change as either
Materiality A or Materiality B,
depending on how substantially the
Model Change affects the risk
management system’s assessment of risk
for the related risk driver or drivers.
Materiality B model changes do not
substantially affect the risk management
system’s assessment of risk for the
related risk driver or drivers. The
proposed rule change would
characterize any Model Change that
leads to a decrease/increase of the total
pre-funded financial resources over a
certain percentage as a Materiality A
Model Change.
The proposed revisions to the
‘Documentation Requirements’ section
of the Framework would relate to the
Model Inventory.7 The Model Inventory
is maintained by the ICC Risk
Department and contains key
information about all Model
Components and Model Changes. The
Framework currently specifies
documentation requirements for the
information maintained in the Model
Inventory. The proposed rule change
would update the documentation
requirements to require documentation
related to retired Model Components
and to remove information related to
design and development resources and
the location of filenames of certain
documents, which ICC no longer
5 Notice,
84 FR at 16901.
84 FR at 16901.
7 Notice, 84 FR at 16901.
6 Notice,
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11JNN1
]]>Agencies
[Federal Register Volume 84, Number 112 (Tuesday, June 11, 2019)]
[Notices]
[Page 27167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12211]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Express and 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 required notice: June 11, 2019.
FOR FURTHER INFORMATION CONTACT: Elizabeth 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
June 5, 2019, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Express & Priority Mail Contract 92 to
Competitive Product List. Documents are available at www.prc.gov,
Docket Nos. MC2019-146, CP2019-162.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019-12211 Filed 6-10-19; 8:45 am]
BILLING CODE 7710-12-P
