[CCWG-ACCT] PTI Funding to cover ICANN crisis
Bruce Tonkin
Bruce.Tonkin at melbourneit.com.au
Wed Jun 3 08:37:46 UTC 2015
Hello Alan,
Just a reminder that ICANN maintains a reserve fund for just this sort of scenario . It should be adequate to cover the costs of IANA operation in the event that ICANN suffers a drop in revenue in a particular year.
It would be unusual to have a parent company maintain escrow funds for this sort of thing. Normally a parent company just provides a letter of guarantee to some level for the subsidiary to satisfy suppliers etc.
Regards
Bruce Tonkin
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