§ 51.700   Purpose of this subpart.

   The  purpose  of  this subpart, as revised in 2011 by FCC 11-161 is to
   establish rules governing the transition of intercarrier compensation from a
   calling-party's-network pays system to a default bill-and-keep methodology.
   Following the transition, the exchange of telecommunications traffic between
   and among service providers will, by default, be governed by bill-and-keep
   arrangements.

   Note to § 51.700: See FCC 11-161, figure 9 (chart identifying steps in the
   transition).

   [ 76 FR 73854 , Nov. 29, 2011]

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