35048 Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 

21 15 U.S.C. 78q–1(b)(3)(I). 

22 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Capitalized terms used but not defined herein 

have the meanings specified in the ICE Clear 

Europe Clearing Rules. 

impose a burden on competition.21 By 

removing provisions particular to 

DEGCL only, and providing that any 

Participant or Pledgee can designate a 

CMSP for a CMSP Account, the 

proposed rule change would (i) offer 

collateral management service providers 

(in addition to DEGCL) the opportunity 

to provide collateral management 

services to Participants and Pledgees 

under proposed Rule 35, and (ii) 

provide any Participant or Pledgee the 

opportunity to choose from among 

competing collateral management 

service providers. In addition, by 

providing that a Participant or Pledgee 

can designate one or more CMSPs to 

provide CMSP Instructions to DTC with 

respect to a CMSP Account for which it 

is designated, the proposed rule change 

would provide CMSPs the opportunity 

to include direct messaging to DTC as 

part of their services to Participants or 

Pledgees. Therefore, DTC believes that 

the proposed rule change would not 

impose a burden on competition but 

may promote competition. 

DTC does not believe that the 

proposed ministerial changes to Rule 35 

would have any impact on competition 

because these clarifications would 

merely make changes for accuracy and 

consistency and therefore would not 

affect the rights and obligations of any 

Participant or Pledgee or other 

interested party. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants, or Others 

Written comments relating to the 

proposed rule change have not been 

solicited or received. DTC will notify 

the Commission of any written 

comments received by DTC. 

III. Date of Effectiveness of the 

Proposed Rule Change, and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

such proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

DTC–2018–006 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–DTC–2018–006. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549 on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of DTC and on DTCC’s website 

(http://dtcc.com/legal/sec-rulefilings.aspx). All comments received 

will be posted without change. Persons 

submitting comments are cautioned that 

we do not redact or edit personal 

identifying information from comment 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–DTC– 

2018–006 and should be submitted on 

or before August 14, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15769 Filed 7–23–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83665; File No. SR–ICEEU– 

2018–009] 

Self-Regulatory Organizations; ICE 

Clear Europe Limited; Notice of Filing 

of Proposed Rule Change Relating to 

Amendments to the ICE Clear Europe 

CDS End-of-Day Price Discovery 

Policy (‘‘Price Discovery Policy’’) 

July 18, 2018. 

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 11, 

2018, ICE Clear Europe Limited (‘‘ICE 

Clear Europe’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change described in Items I, II and III 

below, which Items have been prepared 

by ICE Clear Europe. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change, Security-Based Swap 

Submission, or Advance Notice 

ICE Clear Europe proposes to modify 

certain provisions of its Price Discovery 

Policy related to the bid-offer width 

(‘‘BOW’’) methodology for pricing single 

name credit default swap (‘‘CDS’’) 

contracts. These revisions do not require 

any changes to the ICE Clear Europe 

Clearing Rules or Procedures.3

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change, Security-Based 

Swap Submission or Advance Notice 

In its filing with the Commission, ICE 

Clear Europe 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. ICE 

Clear Europe has prepared summaries, 


jstallworth on DSKBBY8HB2PROD with NOTICES
Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 35049 

4 ICE Clear Europe continues to use the ISDA CDS 

Standard Model for certain other purposes under 

the Price Discovery Policy in which it may convert 

between spread and price levels, and accordingly 

references to the model have been retained in the 

revised Price Discovery Policy notwithstanding that 

the model is no longer used for determining singlename BOWs. 

5For further discussion of the variability band 

approach, see Exchange Act Release No. 34–83389 

(SR–ICEEU–2018–006) (June 6, 2018), 83 FR 27356 

(June 12, 2018). 

6 15 U.S.C. 78q–1. 

7 15 U.S.C. 78q–1(b)(3)(F). 

set forth in sections (A), (B), and (C) 

below, of the most significant aspects of 

such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change, Security-Based 

Swap Submission or Advance Notice 

(a) Purpose 

ICE Clear Europe proposes revising its 

Price Discovery Policy to enhance the 

methodology used to determine BOWs 

for single name CDS contracts and to 

make corresponding changes to related 

governance processes. 

Each business day, ICE Clear Europe 

determines end-of-day (‘‘EOD’’) levels 

for CDS Contracts through in 

accordance with the Price Discovery 

Policy, based on EOD submissions from 

its CDS Clearing Members. ICE Clear 

Europe uses these EOD levels for markto-market and risk management 

purposes. As part of this price discovery 

process, ICE Clear Europe determines 

BOWs for each CDS Contract. The BOW 

is intended to estimate the bid-offer 

width for the two-way market available 

for each clearing-eligible instrument at 

the specified determination time on 

each business day. The BOWs are then 

used in ICE Clear Europe’s price 

discovery process as inputs in the 

determination of EOD levels, and other 

risk management matters. 

The current methodology for 

determining BOWs for single-name CDS 

Contracts is based on a consensus BOW 

derived from observed intraday spreadquotes for the most actively traded 

instrument (‘‘MATI’’) across the term 

structure and cleared coupons. The 

spread-based consensus BOW is 

multiplied by a ‘‘scrape factor’’ to reflect 

any differences between the BOWs 

provided in intraday quotes and BOWs 

achieved in the market. ICE Clear 

Europe applies various factors to the 

consensus BOW to reflect differences in 

instrument liquidity at longer and 

shorter maturities, and at higher and 

lower coupons. 

ICE Clear Europe is proposing to 

enhance the methodology for 

determining EOD BOWs for single name 

instruments. The enhancement 

eliminates the use of the ISDA CDS 

Standard Model from the computation 

of single name BOWs. ICE Clear Europe 

established its current BOW 

methodology at a time when it accepted 

submissions to its end-of-day price 

discovery process in both spread and 

price terms, at the discretion of its 

Clearing Members. Since that time, ICE 

Clear Europe has enhanced its end-ofday price discovery process to accept 

Single Name submissions only in price 

terms, eliminating the need for spreadbased BOWs.4 The proposed 

enhancement also determines BOWs 

consistently across single names on all 

reference entities, including those for 

which only sparse intraday data is 

available. The enhancement also 

extends the application of price-based 

BOW floors from the 0/3 month, 6 

month and 1 year benchmark tenors to 

the entire set of benchmark tenors. 

Finally, the proposed enhancement 

introduces a dynamic feature that can 

widen BOWs in response to the 

observed dispersion of price-space midmarket levels submitted in the EOD 

price discovery process. 

Under the proposed enhancement ICE 

Clear Europe will compute a consensus 

BOW for each benchmark instrument, 

not only for the most actively traded 

instrument. Rather than consensus 

BOWs being derived only from intraday 

quotes, they will be computed as a 

price-based floor plus a fraction of the 

instrument’s currently observed level, 

based on the average of price-space midmarket levels submitted by CDS 

Clearing Members as part of the EOD 

price discovery process. ICE Clear 

Europe will continue to apply various 

factors to the consensus BOW to reflect 

differences in liquidity at longer and 

shorter maturities and at higher and 

lower coupons. Under the proposed 

enhancement, the Clearing House will 

determine systematic BOWs for each 

benchmark instrument at the most 

actively traded coupon (‘‘MATC’’) by 

applying tenor scaling factors to the 

corresponding consensus BOWs. These 

tenor scaling factors reflect the BOW of 

each tenor relative to the BOW of the 

most actively traded tenor. ICE Clear 

Europe will determine systematic BOWs 

for each benchmark instrument at other 

coupons by applying a combination of 

tenor scaling factors and coupon scaling 

factors to the corresponding consensus 

BOWs. Coupon scaling factors are an 

adjustment to the BOW to reflect 

decreased market activity at coupons 

larger or smaller than the MATC, and 

accordingly result in a wider BOW for 

such coupons as compared to the 

MATC. ICE Clear Europe will apply the 

appropriate Single Name variability 

factor resulting in the final systematic 

EOD BOWs based on the applicable 

variability band (a similar variability 

factor can be applied in the current 

approach, but on a discretionary basis). 

The variability factor is an additional 

scaling factor that widens the BOW to 

account for volatile or fast-moving 

market conditions, on the basis of a 

market proxy variability band that is 

designed to reflect observed variability 

levels in intraday quotes.5

ICE Clear Europe will determine the 

final EOD BOW as the greater of an 

instrument’s systematic BOW, and a 

dynamic BOW established for the 

instrument based on the dispersion of 

price-based mid-market EOD 

submissions by CDS Clearing Members 

for the given instrument. The 

amendments remove the requirement 

for ICE Clear Europe to provide the 

spread space equivalents for BOWs. 

ICE Clear Europe also proposes 

revisions to the governance provisions 

of the Price Discovery Policy. Under the 

revisions, and consistent with the 

amendments to the methodology 

described above, the parameters used in 

the EOD price discovery process are 

established by ICE Clear Europe’s 

clearing risk department in consultation 

with ICE Clear Europe’s trading 

advisory committee, which provides 

additional insight into current market 

dynamics and conditions. The 

responsibilities of ICE Clear Europe’s 

clearing risk department in this regard 

will include determining the pricebased floors and scaling factors used to 

establish BOWs. (References to 

determination of scrape factors, which 

are no longer used, have been removed.) 

The revised Price Discovery Policy 

removes a duplicative table relating to 

the assignment of index risk factors to 

market proxy groups, and updates crossreferences accordingly. ICE Clear 

Europe also proposes a revision that 

trading desks at each self-clearing 

member are requested (but not 

required), to copy ICE Clear Europe on 

the intraday quotes they provide market 

participants via email. 

(b) Statutory Basis 

ICE Clear Europe believes that the 

proposed amendments are consistent 

with the requirements of Section 17A of 

the Act 6 and the regulations thereunder 

applicable to it. Section 17A(b)(3)(F) of 

the Act 7 in particular requires, among 

other things, that the rules of a clearing 

agency be designed to promote the 

prompt and accurate clearance and 

settlement of securities transactions 

and, to the extent applicable, derivative 


jstallworth on DSKBBY8HB2PROD with NOTICES
35050 Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 

8 15 U.S.C. 78q–1(b)(3)(F). 

9 17 CFR 240.17Ad–22(e)(6). The rule states that 

‘‘[e]ach covered clearing agency shall establish, 

implement, maintain and enforce written policies 

and procedures reasonably designed to, as 

applicable: 

(6) Cover, if the covered clearing agency provides 

central counterparty services, its credit exposures to 

its participants by establishing a risk-based margin 

system that, at a minimum: 

(i) Considers, and produces margin levels 

commensurate with, the risks and particular 

attributes of each relevant product, portfolio, and 

market; 

(ii) Marks participant positions to market and 

collects margin, including variation margin or 

equivalent charges if relevant, at least daily and 

includes the authority and operational capacity to 

make intraday margin calls in defined 

circumstances; 

(iii) Calculates margin sufficient to cover its 

potential future exposure to participants in the 

interval between the last margin collection and the 

close out of positions following a participant 

default; 

(iv) Uses reliable sources of timely price data and 

uses procedures and sound valuation models for 

addressing circumstances in which pricing data are 

not readily available or reliable; 

(v) Uses an appropriate method for measuring 

credit exposure that accounts for relevant product 

risk factors and portfolio effects across products; 

(vi) Is monitored by management on an ongoing 

basis and is regularly reviewed, tested, and verified 

by: 

(A) Conducting backtests of its margin model at 

least once each day using standard predetermined 

parameters and assumptions; 

(B) Conducting a sensitivity analysis of its margin 

model and a review of its parameters and 

assumptions for backtesting on at least a monthly 

basis, and considering modifications to ensure the 

backtesting practices are appropriate for 

determining the adequacy of the covered clearing 

agency’s margin resources; 

(C) Conducting a sensitivity analysis of its margin 

model and a review of its parameters and 

assumptions for backtesting more frequently than 

monthly during periods of time when the products 

cleared or markets served display high volatility or 

become less liquid, or when the size or 

concentration of positions held by the covered 

clearing agency’s participants increases or decreases 

significantly; and 

(D) Reporting the results of its analyses under 

paragraphs (e)(6)(vi)(B) and (C) of this section to 

appropriate decision makers at the covered clearing 

agency, including but not limited to, its risk 

management committee or board of directors, and 

using these results to evaluate the adequacy of and 

adjust its margin methodology, model parameters, 

and any other relevant aspects of its credit risk 

management framework; and 

(vii) Requires a model validation for the covered 

clearing agency’s margin system and related models 

to be performed not less than annually, or more 

frequently as may be contemplated by the covered 

clearing agency’s risk management framework 

established pursuant to paragraph (e)(3) of this 

section.’’ 

10 17 CFR 240.17Ad–22(e)(2). The rule states that 

‘‘[e]ach covered clearing agency shall establish, 

implement, maintain and enforce written policies 

and procedures reasonably designed to, as 

applicable: 

(2) Provide for governance arrangements that: 

(i) Are clear and transparent; 

(ii) Clearly prioritize the safety and efficiency of 

the covered clearing agency; 

(iii) Support the public interest requirements in 

Section 17A of the Act (15 U.S.C. 78q–1) applicable 

to clearing agencies, and the objectives of owners 

and participants; 

(iv) Establish that the board of directors and 

senior management have appropriate experience 

and skills to discharge their duties and 

responsibilities; 

(v) Specify clear and direct lines of responsibility; 

and 

(vi) Consider the interests of participants’ 

customers, securities issuers and holders, and other 

relevant stakeholders of the covered clearing 

agency.’’ 

agreements, contracts, and transactions, 

the safeguarding of securities and funds 

in the custody or control of the clearing 

agency, and the protection of investors 

and the public interest. The proposed 

amendments are designed to enhance 

the Clearing House’s Price Discovery 

Policy, which is necessary to determine 

the daily settlement prices for cleared 

CDS Contracts that are used in mark-tomarket margin settlement and 

additionally are key inputs of the risk 

management and margin models of the 

Clearing House for CDS contracts. The 

proposed amendments in particular will 

update the methodology for determining 

BOWs, which are an important part of 

the determination of the EOD level. The 

amendments provide a more 

comprehensive and dynamic approach 

for determining BOWs for single-name 

CDS Contracts, that applies across all 

tenors of such contracts. The revised 

methodology takes into account both 

observed and submitted price levels and 

implements appropriate price floors and 

tenor, coupon and variability scaling 

factors that can adjust the BOW for 

particular instruments (including less 

actively traded instruments) to reflect 

liquidity and other market conditions. 

In ICE Clear Europe’s view, the revised 

approach, together with the other 

aspects of the Price Discovery Policy, 

will facilitate more accurate 

determinations of EOD levels for the full 

range of cleared single-name 

instruments, and strengthen the overall 

EOD price discovery process. As a 

result, ICE Clear Europe believes that 

the amendments are consistent with 

requirements to promote prompt and 

accurate clearing and settlement, within 

the meaning of Section 17A(b)(3)(F).8

For similar reasons, ICE Clear Europe 

believes that the amendments are also 

consistent with the risk-based margining 

requirements of Commission Rule 

17Ad–22(e)(6),9 including the 

requirement to use reliable sources of 

timely price data and procedures and 

sound valuation models for addressing 

circumstances in which pricing data are 

not readily available or reliable. The 

enhancements discussed above will in 

particular take into account a broad 

range of observed and submitted price 

data and enhance the soundness of the 

overall methodology applied to 

calculating EOD pricing, through the 

use of tenor, coupon and variability 

factors to develop more accurate BOW 

levels for the full range of cleared 

instruments, including those that are 

less actively traded and for which direct 

pricing data may be less readily 

available. Finally, ICE Clear Europe 

believes that the amendments are 

consistent with the governance 

requirements of Commission Rule 

17Ad–22(e)(2),10 including ensuring 

that its written policies provide for 

governance arrangements that specify 

clear and direct lines of responsibility. 

In this regard, the amendments update 

the specific responsibilities of the 

Clearing Risk department and the TAC 

in the determination of BOWs and the 

establishment of relevant parameters, 

including price-based floors and scaling 

factors. 

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICE Clear Europe does not believe the 

proposed rule changes would have any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purpose of the Act. The proposed 

changes to the Price Discovery Policy, 

and in particular the revised BOW 

methodology for Single Name 

instruments, will apply uniformly 

across all CDS Clearing Members and 

market participants. ICE Clear Europe 

does not believe the amendments will 

adversely affect competition among CDS 

Clearing Members, the cost of clearing, 

or the ability of market participants to 

clear CDS contracts generally. Similarly, 

the Clearing House does not believe the 

amendments will reduce access to 

clearing of CDS contracts or limit 

market participants’ choices for clearing 

CDS contracts. Therefore, ICE Clear 

Europe does not believe the proposed 

rule changes impose any burden on 

competition that is inappropriate in 

furtherance of the purposes of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed amendments have not been 

solicited or received by ICE Clear 

Europe. ICE Clear Europe will notify the 

Commission of any comments received 

with respect to the proposed rule 

change. 


jstallworth on DSKBBY8HB2PROD with NOTICES
Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 35051 

11 17 CFR 200.30–3(a)(12). 

III. Date of Effectiveness of the 

Proposed Rule Change, Security-Based 

Swap Submission and Advance Notice 

and Timing for Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

the proposed rule change or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change, security-based swap submission 

or advance notice is consistent with the 

Act. Comments may be submitted by 

any of the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml) or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ICEEU–2018–009 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ICEEU–2018–009. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change, security-based swap submission 

or advance notice that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change, security-based 

swap submission or advance notice 

between the Commission and any 

person, other than those that may be 

withheld from the public in accordance 

with the provisions of 5 U.S.C. 552, will 

be available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https://

www.theice.com/clear-europe/ 

regulation. 

All comments received will be posted 

without change. Persons submitting 

comments are cautioned that we do not 

redact or edit personal identifying 

information from comment submissions. 

You should submit only information 

that you wish to make available 

publicly. All submissions should refer 

to File Number SR–ICEEU–2018–009 

and should be submitted on or before 

August 14, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15770 Filed 7–23–18; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Surrender of License of Small 

Business Investment Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under Section 309 of the Act 

and Section 107.1900 of the Small 

Business Administration Rules and 

Regulations (13 CFR 107.1900) to 

function as a small business investment 

company under the Small Business 

Investment Company License No. 02/ 

02–0621 issued to Brookside Pecks 

Capital Partners, L.P., said license is 

hereby declared null and void. 

United States Small Business Administration 

Dated: July 2, 2018. 

A. Joseph Shepard, 

Associate Administrator for Investment and 

Innovation. 

[FR Doc. 2018–15760 Filed 7–23–18; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15588 and #15589; 

LOUISIANA Disaster Number LA–00086] 

Administrative Declaration of a 

Disaster for the State of Louisiana 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Louisiana dated 07/17/ 

2018. 

Incident: Severe Storms, Tornadoes 

and Straight-line Winds. 

Incident Period: 04/13/2018 through 

04/14/2018. 

DATES: Issued on 07/17/2018. 

Physical Loan Application Deadline 

Date: 09/17/2018. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 04/17/2019. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW, Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Parishes: Caddo 

Contiguous Parishes/Counties: 

Louisiana: Bossier, De Soto, Red 

River. 

Arkansas: Lafayette, Miller. 

Texas: Cass, Harrison, Marion, Panola. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ........................ 3.625 

Homeowners without Credit 

Available Elsewhere ................ 1.813 

Businesses with Credit Available 

Elsewhere ................................ 7.160 

Businesses without Credit Available Elsewhere ........................ 3.580 

Non-Profit Organizations with 

Credit Available Elsewhere ..... 2.500 

Non-Profit Organizations without 

Credit Available Elsewhere ..... 2.500 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives without Credit 

Available Elsewhere ................ 3.580 

Non-Profit Organizations without 

Credit Available Elsewhere ..... 2.500 

The number assigned to this disaster 

for physical damage is 15588 C and for 

economic injury is 15589 0. 

The States which received an EIDL 

Declaration # are Louisiana, Arkansas, 

Texas. 


jstallworth on DSKBBY8HB2PROD with NOTICES