Authorization To Manufacture and Distribute Postage Evidencing Systems
Published . Updated .
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The Postal Service is amending its Postage Evidencing Systems regulations to align with existing practices and operational realities to better address circumstances where advances by a resetting company on any given day exceed the daily average funds advanced amount maintained on deposit with the Postal Service. The regulations currently allow resetting companies to advance postage to customers by a process where the resetting company maintains a daily average advance balance with the Postal Service. The current regulation contemplates that the amount on deposit will always cover amounts advanced and does not permit a resetting company to advance funds to customers in excess of the amount maintained on deposit. Operational realities will create circumstances where it is necessary to advance funds in excess of the amount on deposit and the average daily balance rule represents a practical and fair method to address circumstances where excess advances occur.
Directly affected
- No company is named in this report.
Indirectly affected
- No related companies are mapped for this report yet.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
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Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The Postal Service is amending its Postage Evidencing Systems regulations to align with existing practices and operational realities to better address circumstances where advances by a resetting company on any given day exceed the daily av…
Source: Federal Register
This story
25 out of 100
“Authorization To Manufacture and Distribute Postage Evidencing Systems” scores 25 out of 100. The score uses 2 sources.