Federal Register / Vol. 75, No. 213 / Thursday, November 4, 2010 / Notices 68013 

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

2The text of the proposed rule change is attached 

as Exhibit 5 to DTC’s filing, which is available at 

http://www.dtcc.com/downloands/legal/ 

rule_filings/2010/dtc/2010–13.pdf. 

3 15 U.S.C. 78s(b)(3)(A)(iii) and 17 CFR 240.19b– 

4(f)(3). 

4The Commission has modified the text of the 

summaries prepared by the DTC. 

5Participants send the deposit details to DTC 

using either a Participant Terminal System message 

(‘‘DAMP’’), a PBS transmission, or a CF2DEP file. 

6SNA is a network system developed by IBM in 

the early 1980s to move large amounts of data 

through the Internet. 

7Some participants with low volumes of deposits 

have elected to use ‘‘peel-off’’ adhesive bar code 

labels instead of investing in expensive thermal 

printers. 8 15 U.S.C. 78q–1. 

APPENDIX—Continued 

Transfer agent File No. 

Pacific Stock Transfers Inc ...................................................................................................................................................................... 8406088 

Public Stock Transfer Company dba/Public Ease .................................................................................................................................. 8405866 

Royalty Stock Transfer ............................................................................................................................................................................ 8406189 

Select American Transfer Co .................................................................................................................................................................. 8406152 

Select Fidelity Transfer Services Ltd ....................................................................................................................................................... 8406139 

Syntel, Inc ................................................................................................................................................................................................ 8406142 

Technology Funding Capital Corporation ................................................................................................................................................ 8405738 

The Commercial Bank ............................................................................................................................................................................. 8405867 

The Northern Savings & Loan Company ................................................................................................................................................ 8405867 

The Nyhart Company, Inc ....................................................................................................................................................................... 8405722 

Trustmark Stock & Transfer Inc .............................................................................................................................................................. 8406073 

UAC Inc ................................................................................................................................................................................................... 8400293 

Wall Street Stock Transfer Corp ............................................................................................................................................................. 8406246 

Wulf International, Ltd .............................................................................................................................................................................. 8406180 

[FR Doc. 2010–27857 Filed 11–3–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–63208; File No. SR–DTC– 

2010–13] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Implement a 

Disincentive Fee Associated With the 

Deposit Automation Management 

System 

October 28, 2010. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 notice is hereby given that on 

October 18, 2010, The Depository Trust 

Company (‘‘DTC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change described in Items I and II 

below, which items have been prepared 

primarily by DTC.2 DTC filed the 

proposed rule change pursuant to 

Section 19(b)(3)(A)(iii) and Rule 19b– 

4(f)(3) thereunder so that the proposed 

rule change was effective upon filing 

with the Commission.3 The Commission 

is publishing this notice to solicit 

comments on the proposed rule change 

from interested parties. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The proposed rule change will amend 

DTC rules to provide that DTC will 

impose a new disincentive fee for 

certain deposits made through DTC’s 

Deposit Automation Management 

(‘‘DAM’’) system. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

DTC 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. DTC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of these statements.4

(A) Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

The DAM system allows participants 

to transmit details of a deposit before 

forwarding physical securities to DTC. 

Under the DAM system, a participant is 

able to send to DTC details regarding 

securities that the participant plans to 

deposit.5 DTC uses the deposit details to 

determine whether the proposed deposit 

is acceptable by checking for such 

things as issue eligibility, chill status, 

correct CUSIP information, etc. The 

deposit detail information is stored in 

DTC’s database. Upon the submitting 

participant’s initiation, DTC’s systems 

send a transmission to the submitting 

participant’s printer using a Systems 

Network Architecture (‘‘SNA’’) 

connection.6 The transmission causes 

bar-coded deposit tickets to print at the 

participant’s office on dedicated thermal 

printers.7 The bar-coded deposit tickets 

contain a variety of information 

required for DTC’s processing of 

deposits. 

Since IBM’s recent announcement 

that it would no longer support SNA, 

DTC has begun making the deposit 

tickets available in PDF format. The 

method used by participants to initiate 

the print process did not change but 

rather than send the deposit tickets to a 

dedicated thermal printer at the 

participant’s location, DTC ‘‘pushes’’ the 

deposit tickets to the requesting 

participant’s work station in PDF format 

where the ticket can then be printed 

from any printer attached to that work 

station (‘‘PDF method’’). This process 

eliminates the need for participants to 

use expensive thermal printers or ‘‘peeloff’’ bar code labels. 

Effective October 8, 2010, DTC retired 

the outdated and unsupported SNA 

ticket print stream and the use of ‘‘peeloff’’ adhesive bar code labels. 

Participants continue to have the ability 

to produce DAM deposit tickets for 

submission to DTC using the PDF 

method. Effective Monday, November 1, 

2010, all DAM deposits received by DTC 

must be accompanied by a deposit ticket 

printed using the PDF method. Pursuant 

to this rule change, all deposits received 

without a DAM deposit ticket generated 

using the PDF method will continue to 

be processed by DTC but will incur a 

$100.00 processing fee in addition to the 

current DAM deposit fee. 

DTC believes that the proposed rule 

change is consistent with the 

requirements of Section 17A of the Act 8

and the rules and regulations 

thereunder that are applicable to DTC 


jlentini on DSKJ8SOYB1PROD with NOTICES
68014 Federal Register / Vol. 75, No. 213 / Thursday, November 4, 2010 / Notices 

9 15 U.S.C. 78s(b)(3)(A)(iii). 

10 17 CFR 240.19b–4(f)(3). 11 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78s(b)(3)(A)(ii). 

3 17 CFR 240.19b–4(f)(2). 

because the proposed rule will promote 

efficiencies in DTC’s DAM service, and 

as such, it should help DTC remove 

undue impediments to and perfect the 

mechanism of a national system for the 

clearance and settlement of securities 

transactions. 

(B) Self-Regulatory Organization’s 

Statement on Burden on Competition 

DTC does not believe that the 

proposed rule change will impose any 

burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments relating to the 

proposed rule change have 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 

The foregoing rule change has become 

effective upon filing pursuant to Section 

19(b)(3)(A)(iii) of the Act 9 and Rule 

19b–4(f)(3)10 thereunder because it 

establishes or changes a due, fee, or 

other charge imposed by DTC. At any 

time within sixty days of the filing of 

such rule change, the Commission 

summarily may temporarily suspend 

such rule change if it appears to the 

Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. 

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–DTC–2010–13 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–DTC–2010–13. 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 Web site viewing and 

printing 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 DTC 

and on DTC’s Web site, http:// 

www.dtcc.com. 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–DTC– 

2010–13 and should be submitted on or 

before November 26, 2010. 

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–27856 Filed 11–3–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–63215; File No. SR–FICC– 

2010–07] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change Relating to a 

Proposed Fee 

October 29, 2010. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 notice is hereby given that on 

October 18, 2010 the Fixed Income 

Clearing Corporation (‘‘FICC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared primarily by FICC. FICC 

filed the proposed rule change pursuant 

to Section 19(b)(3)(A)(ii) of the Act 2 and 

Rule 19b–4(f)(2) 3 thereunder so that the 

proposal was effective upon filing with 

the Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The proposed rule change amends 

FICC’s Government Securities Division’s 

(‘‘GSD’’) Fee Structure to add a monthly 

fee of $250 for GCF participants with 

the exception of the GCF inter-dealer 

brokers for the development and 

maintenance of the DTCC GCF Repo 

Index. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

FICC 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. FICC has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

The proposed rule change amends the 

GSD Fee Structure to add a monthly fee 

of $250 for GCF participants with the 

exception of the GCF inter-dealer 

brokers for the development and 

maintenance of the DTCC GCF Repo 

Index. This fee will become effective as 

of December 1, 2010. The index will 

provide the daily weighted average of 

the general collateral rate for each of the 

three most highly traded GCF Repo 

CUSIPs along with the total par value of 

all daily transactions in each CUSIP. 

FICC plans to post the index daily on 

FICC’s Web site. 


jlentini on DSKJ8SOYB1PROD with NOTICES