FS Deadline Extension Due to FS Software System Failures + Clarification of FS Deficiency Charges in a FS Year with a Non-Binding Season followed by a Binding Season
Lead Sponsor's (WPP) Description of the Issue:
Tariff & BPM 107: The calculation of Forward Showing (FS) Deficiency Charges is dependent on a FS Year and does not contemplate the situation where there is both a Non-Binding Season and a Binding Season in a FS Year. This modification to the Tariff and to BPM 107 will provide guidance on the calculation of FS Deficiency Charges for such scenarios.
Tariff & BPM 108: The current WRAP Tariff does not contemplate time extensions for software outages that impact Forward Showing and Cure Period deadlines. This modification to the Tariff and BPM 108 will provide for an extension of time for Participants to make Forward Showing and Cure Period submissions in the event of Forward Showing software system outage.
Includes Form and BPM redlines