This counts discrete TDM path-layer fault events -- transitions into a fault condition -- on the circuit carried over this pseudowire. FCP on this PW tells the admin how many separate times the path dropped into a fault condition, a different and often more actionable signal than total fault duration for spotting an intermittent/flapping problem on this specific service -- and this specific object covers the current, still-open 24-hour interval -- the earliest daily-scale warning available before the full day's history bin closes. For example, so far in the current, still-running 24-hour interval, this pseudowire might show this counter at 4 -- a concrete count the admin can trend against neighboring bins to judge whether the condition it reflects is worsening.