46960 Federal Register / Vol. 73, No. 156 / Tuesday, August 12, 2008 / Notices 

10 In addition, the transaction must be submitted 

for recording by an Index Receipt agent by such 

cutoff time as designated by the NSCC (pursuant to 

Procedure II). 11 15 U.S.C. 78q–1. 12 17 CFR 200.30–3(a)(12). 

and redeems, including the underlying 

components, on a T+1 basis (including 

T+2 settling as-of creates and redeems 

submitted on T+1) will be guaranteed 

on Settlement Date when NSCC 

determines to complete processing for 

those items in the day cycle (normally, 

11:30 a.m.); provided, however, that the 

transaction is not removed from 

processing as described below.10

(ii) Amendment of Procedure II To 

Allow for Settlement on a Shorter Than 

T+3 Basis 

NSCC proposes to amend Procedure 

II, Section H to provide that: (i) The 

Index Receipt agent may elect for 

settlement of the creates and redeems on 

a T+1 or T+2 basis, (ii) as-of Index 

Receipt creates and redeems will only 

be accepted if submitted by the cut-off 

time designated by NSCC with 

submission of next-day settling creates 

and redeems required by such cut-off 

time on T, (iii) NSCC reserves the right 

to remove Index Receipt transactions 

from processing in the event that the 

applicable member has not met a margin 

call on settlement date, and (iv) next 

day settling creates and redeems 

(including T+2 settling as-of creates and 

redeems submitted on T+1) will be 

posted to the Second Supplemental 

Consolidated Trade Summary and 

processed in the day cycle of the CNS 

Accounting Operation. 

(iii) Amendment of Procedure XV 

(Clearing Fund Formula) 

NSCC proposes to amend Procedure 

XV to provide that creates and redeems 

of Index Receipts, as well as the 

underlying components, will not be 

subject to the ‘‘20-day look back 

provision,’’ which provides for a charge 

based on the average of the member’s 

three highest aggregate calculated 

charges for daily ‘‘Specified (shortened 

cycle) Activity’’ measured over the most 

recent 20 settlement days. 

(iv) Amendment of Addendum A (Fee 

Structure) 

The current fee for regular-way (T+3) 

settlement of creates and redeems is $30 

per create and redeem. To offset 

additional costs associated with 

shortened settlement processing, NSCC 

plans to implement a new fee of $50.00 

per create and redeem with a shortened 

settlement cycle. 

3. Implementation Timeframe 

NSCC proposes to implement the 

changes set forth in this filing in the 

third quarter of 2008. Members will be 

advised of the implementation date 

through issuance of NSCC Important 

Notices. 

NSCC believes that the proposed rule 

change is consistent with the 

requirements of Section 17A of the 

Act 11 and the rules and regulations 

thereunder because accelerated 

settlement of creates and redeems of 

Index Receipts facilitates the prompt 

and accurate clearance and settlement of 

securities transactions. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

NSCC does not believe that the 

proposed rule change will have any 

impact or impose any burden on 

competition. 

C. Self-Regulatory Organization’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. NSCC will notify 

the Commission of any written 

comments received by NSCC. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within thirty-five days of the date of 

publication of this notice in the Federal 

Register or within such longer period: 

(i) As the Commission may designate up 

to ninety days of such date 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 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 e-mail to rulecomments@sec.gov. Please include File 

Number SR–NSCC–2008–07 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–NSCC–2008–07. This file 

number should be included on the 

subject line if e-mail 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 Web site (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 inspection and copying in 

the Commission’s Public Reference 

Section, 100 F Street, NE., Washington, 

DC 20549, on official business days 

between the hours of 10 a.m. and 3 p.m. 

Copies of such filings also will be 

available for inspection and copying at 

the principal office of NSCC and on 

NSCC’s Web site at http:// 

www.dtcc.com/downloads/legal/ 

rule_filings/2008/nscc/2008–07.pdf. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–NSCC–2008–07 and should 

be submitted on or before September 2, 

2008. 

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–18549 Filed 8–11–08; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #11364 and #11365] 

Mississippi Disaster #MS–00023 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 


sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 73, No. 156 / Tuesday, August 12, 2008 / Notices 46961 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Mississippi dated 08/06/ 

2008. 

Incident: Severe Storms and Flash 

Flooding. 

Incident Period: 07/29/2008. 

Effective Date: 08/06/2008. 

Physical Loan Application Deadline 

Date: 10/05/2008. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 05/06/2009. 

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: M 

Mitravich, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

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 Counties: Forrest 

Contiguous Counties: Mississippi 

Covington, Jones, Lamar, Pearl River, 

Perry, Stone 

The Interest Rates are: 

Percent 

Homeowners With Credit Available Elsewhere ......................... 5.375 

Homeowners Without Credit 

Available Elsewhere .................. 2.687 

Businesses With Credit Available 

Elsewhere ................................. 8.000 

Businesses and Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .................. 4.000 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 5.250 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000 

The number assigned to this disaster 

for physical damage is 11364 6 and for 

economic injury is 11365 0. 

The State which received an EIDL 

Declaration # is Mississippi. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Dated: August 6, 2008. 

Jovita Carranza, 

Acting Administrator. 

[FR Doc. E8–18565 Filed 8–11–08; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #11351 and #11352] 

California Disaster #CA–00092 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of California dated 08/04/ 

2008. 

Incident: Severe Thunderstorms 

causing Flash Flooding and Landslides. 

Incident Period: 07/12/2008 through 

07/20/2008. 

DATES: Effective date: 08/04/2008. 

Physical Loan Application Deadline 

Date: 10/03/2008. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 05/04/2009. 

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. 

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 Counties: Inyo. 

Contiguous Counties: 

California, Fresno, Kern, Mono, San 

Bernardino, Tulare. 

Nevada, Clark, Esmeralda, Nye. 

The Interest Rates are: 

Percent 

Homeowners With Credit Available Elsewhere ......................... 5.375 

Homeowners Without Credit 

Available Elsewhere .................. 2.687 

Businesses With Credit Available 

Elsewhere ................................. 8.000 

Businesses and Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .................. 4.000 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................. 5.250 

Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... 4.000 

The number assigned to this disaster 

for physical damage is 11351 9 and for 

economic injury is 11352 0. 

The States which received an EIDL 

Declaration # are California and Nevada. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Dated: August 4, 2008. 

Jovita Carranza, 

Acting Administrator. 

[FR Doc. E8–18559 Filed 8–11–08; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11355] 

Idaho Disaster # ID–00008. 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Idaho (FEMA–1781–DR), 

dated 07/31/2008. 

Incident: Flooding. 

Incident Period: 05/15/2008 through 

06/09/2008. 

Effective Date: 07/31/2008. 

Physical Loan Application Deadline 

Date: 09/29/2008. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 05/01/2009. 

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. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

07/31/2008, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Kootenai, Shoshone. 

Contiguous Counties (Economic Injury 

Loans Only): 

Idaho: Benewah, Bonner, Clearwater. 

Montana: Mineral, Sanders. 

Washington: Spokane. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere: ................................ 5.250 


sroberts on PROD1PC70 with NOTICES