Wire Transfer & Payment Process Broadband Radio Service (BRS) Auction 86 Tim Dates, Financial...

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Wire Transfer & Wire Transfer & Payment Process Payment Process Broadband Radio Service (BRS) Broadband Radio Service (BRS) Auction 86 Auction 86 Tim Dates, Financial Analyst, OMD Tim Dates, Financial Analyst, OMD

description

FCC Form 159 â Detailed instructions for completion of the FCC Form 159 are included in Attachment D of the Procedures Public Notice DA dated June 26, â Applicants must fax a completed FCC Form 159 (Revised 2/03) to U.S. Bank at (314) at least one hour before placing the order for the wire transfer (but on the same business day). â We will provide you with an FCC Form 159 which has been pre- filled based on information in your FCC Form 175. â If you choose not to use the electronic version of the Form 159, follow the instructions in the Procedures Public Notice.

Transcript of Wire Transfer & Payment Process Broadband Radio Service (BRS) Auction 86 Tim Dates, Financial...

Page 1: Wire Transfer & Payment Process Broadband Radio Service (BRS) Auction 86 Tim Dates, Financial Analyst, OMD.

Wire Transfer & Wire Transfer & Payment ProcessPayment Process

Broadband Radio Service (BRS) Broadband Radio Service (BRS) Auction 86Auction 86

Tim Dates, Financial Analyst, OMDTim Dates, Financial Analyst, OMD

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DisclaimerDisclaimerNothing herein is intended to supersede any provision Nothing herein is intended to supersede any provision of the Commission's rules or public notices. These of the Commission's rules or public notices. These slides should not be used as a substitute for a slides should not be used as a substitute for a prospective applicant's review of the Commission's prospective applicant's review of the Commission's relevant orders, rules, and public notices. relevant orders, rules, and public notices. Prospective applicants must familiarize themselves Prospective applicants must familiarize themselves thoroughly and remain current with the Commission's thoroughly and remain current with the Commission's rules, orders, and public notices relating to the rules, orders, and public notices relating to the Broadband Radio Service, rules relating to application Broadband Radio Service, rules relating to application and auction procedures, and the procedures, terms and auction procedures, and the procedures, terms and conditions contained in the Auction 86 public and conditions contained in the Auction 86 public notices.notices.

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FCC Form 159FCC Form 159 Detailed instructions for completion of the FCC Form 159 Detailed instructions for completion of the FCC Form 159

are included in Attachment D of the Procedures Public are included in Attachment D of the Procedures Public Notice Notice DA 09-1376 dated June 26, 2009.DA 09-1376 dated June 26, 2009.

Applicants must fax a completed FCC Form 159 (Revised Applicants must fax a completed FCC Form 159 (Revised 2/03) to U.S. Bank at (314) 418-4232 at least one hour 2/03) to U.S. Bank at (314) 418-4232 at least one hour before placing the order for the wire transfer (but on the before placing the order for the wire transfer (but on the same business day). same business day).

We will provide you with an FCC Form 159 which has been We will provide you with an FCC Form 159 which has been pre-filled based on information in your FCC Form 175. pre-filled based on information in your FCC Form 175.

If you choose not to use the electronic version of the Form If you choose not to use the electronic version of the Form 159, follow the instructions in the Procedures Public 159, follow the instructions in the Procedures Public Notice.Notice.

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Upfront Payments DeadlineUpfront Payments Deadline

► All upfront payments must be received at U.S. Bank by 6:00 p.m. ET on September 24, 2009. If your payment is not received by the deadline, you will not be qualified to bid

► All payments must be in U.S. Dollars.

► All payments must be made by wire transfer.

►► Refer to the payment instructions on page 33 of Refer to the payment instructions on page 33 of thethe Procedures Public Notice. Procedures Public Notice.

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Applicants will need the Applicants will need the following information:following information:

ABA Routing Number: 081000210ABA Routing Number: 081000210 Receiving Bank: U.S. BankReceiving Bank: U.S. Bank

1005 Convention Plaza1005 Convention Plaza St. Louis, MO 63101St. Louis, MO 63101

Beneficiary: FCC/Account # 152308790392Beneficiary: FCC/Account # 152308790392 OBI Field: (skip one space between each OBI Field: (skip one space between each

information item) information item) ““AUCTIONPAY”AUCTIONPAY” Applicant FCC Registration No (FRN): (same as Applicant FCC Registration No (FRN): (same as

FCC Form 159, Block 21)FCC Form 159, Block 21)

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Wire Transfer Wire Transfer Instructions (continued)Instructions (continued)

Payment Type Code: (“A86U”)Payment Type Code: (“A86U”) FCC Code 1: (same as FCC Form 159, block 28A) FCC Code 1: (same as FCC Form 159, block 28A)

enter “86”enter “86” Payer Name: (same as FCC Form 159, block 2)Payer Name: (same as FCC Form 159, block 2) Lockbox No: “979085”Lockbox No: “979085” OBI Field ExampleOBI Field Example AuctionPay 0001564004 A86U 86 FCC TEST 1-B AuctionPay 0001564004 A86U 86 FCC TEST 1-B

979085979085

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Down payments for winning bidders will be due Down payments for winning bidders will be due within ten business days after release of the within ten business days after release of the auction closing noticeauction closing notice

Down payment is 20 percent of net winning bidsDown payment is 20 percent of net winning bids Remaining balance due 10 business days after Remaining balance due 10 business days after

down payment deadlinedown payment deadline Multiple upfront payments are permissible but a Multiple upfront payments are permissible but a

Form 159 must accompany each payment.Form 159 must accompany each payment. Always use the same FRN that you used when Always use the same FRN that you used when

you completed your Form 175.you completed your Form 175.

REMINDERS AND KEY REMINDERS AND KEY POINTSPOINTS

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For additional questions, For additional questions, please contact:please contact:

Gail Glasser – (202) 418-0578Gail Glasser – (202) 418-0578 [email protected]@fcc.gov