§  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]