[CCWG-ACCT] PTI Funding to cover ICANN crisis

[Alan Greenberg]

This was sent to the wrong list and I am now told that a CWG DT has 
also discussed it.

But for the record, I was not suggesting that ICANN hold the funds 
(which it effectively already does as Bruce has pointed out), but 
that the funds be given to PTI who would hold them. The scenario that 
drove this suggestion was ICANN facing bankruptcy or other such 
fiscal problem where reserves originally held by ICANN are not 
available but we want to ensure that IANA could keep running.

Alan

At 03/06/2015 04:37 AM, Bruce Tonkin wrote:
>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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