<div dir="auto">Hello,<div dir="auto"><br></div><div dir="auto">First apologies for missing the call (i guess for a couple of a few more to come as well). I don't think it will be a bad idea in itself to replenish the reserve with certain part of the auction proceeds and I certainly don't think it will be out of scope for this group to we determine that. I quote from the auction proceeds page:</div><div dir="auto"><br></div><div dir="auto"><span style="color:rgb(99,99,99);font-family:helvetica,arial,"nimbus sans l",sans-serif;font-size:12px">"Auction proceeds will be reserved and earmarked until the Board determines a plan for the appropriate use of the funds through consultation with the community"</span><br></div><div dir="auto"><br></div><div dir="auto">So we can indeed propose to the ICANN Board to use the funds for whatever we have consensus upon and that may include using it for reserve. What I think may be out of scope for this group is to be discussing current status of the reserve in other to justify the need to apportion funds from auction proceeds to it, so the point about having a 12, 18 or 24 months reserve isn't an objective for this CCWG to achieve. I think we just need to agree on whether apportioning funds to ICANN reserve will in any way serve the objectives of the auction proceeds/this CCWG [1]</div><div dir="auto"><br></div><div dir="auto">Regards</div><div dir="auto">1. Am sorry if this is already done(after the survey), may be good to have a pointer to where the objectives are published.<br><br><div data-smartmail="gmail_signature" dir="auto">Sent from my mobile<br>Kindly excuse brevity and typos</div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Aug 10, 2017 4:56 PM, "Joke Braeken" <<a href="mailto:joke.braeken@icann.org">joke.braeken@icann.org</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:11.0pt">Dear All,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Please find below the notes and action items from today’s CCWG-AP meeting.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Best regards,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Joke Braeken<u></u><u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt"> </span></b><span style="font-size:11.0pt"><u></u><u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt">Notes CCWG – AP Meeting 10 August 2017</span></b><span style="font-size:11.0pt">:<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt">These high-level notes are designed to help the CCWG navigate through the content of the call and are not meant as a substitute for the transcript and/or recording. The MP3, transcript, and chat are provided
separately and are posted on the wiki at: <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__community.icann.org_x_DLHDAw&d=DwMGaQ&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=7_PQAir-9nJQ2uB2cWiTDDDo5Hfy5HL9rSTe65iXLVM&m=4zHolvsBo6lsC2fsFnhbQd0l8fVzyqdj0t9oV6_NWjM&s=-vuUpZTVZXrpFcq3-nA--Ltl_ESCT71X4cBhx3axkEY&e=" target="_blank">https://community.icann.<wbr>org/x/DLHDAw</a></span></i><span style="font-size:11.0pt">.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<ol style="margin-top:0cm" start="1" type="1">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11.0pt">Roll Call<u></u><u></u></span></i></b></li></ol>
<p class="m_1209339845701018445MsoListParagraph"><i><span style="font-size:11.0pt"><u></u> <u></u></span></i></p>
<ul style="margin-top:0cm" type="disc">
<li class="m_1209339845701018445MsoListParagraph">
<span style="font-size:11.0pt">Please state your name for <wbr>transcription purposes and <wbr>keep microphones on mute when <wbr>not speaking.<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph">
<span style="font-size:11.0pt">Attendance will be taken from <wbr>the AdobeConnect room.<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<ol style="margin-top:0cm" start="2" type="1">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11.0pt">Welcome – DOI</span></i></b><b><i><span style="font-size:11.0pt"><u></u><u></u></span></i></b></li></ol>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<ol style="margin-top:0cm" start="3" type="1">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11.0pt">Overview from Xavier Calvez <wbr>on investment management<u></u><u></u></span></i></b></li></ol>
<p class="MsoNormal"><i><span style="font-size:11.0pt"><u></u> <u></u></span></i></p>
<p class="MsoNormal"><span style="font-size:11.0pt">The intention of this <wbr>presentation is <u></u><u></u></span></p>
<ul style="margin-top:0cm" type="disc">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:18.0pt"><span style="font-size:11.0pt">to allow the group to think <wbr>on the issue of investment, <u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:18.0pt"><span style="font-size:11.0pt">to understand ICANN's <wbr>practice, and to answer any <wbr>questions that might be <wbr>raised. <u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt">It helps to inform the <wbr>discussion on the ROI of the <wbr>fund; It includes an overview <wbr>of how the auction proceeds <wbr>are currently managed, which <wbr>might lead to how they might <wbr>be managed in the future.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Important to note:<u></u><u></u></span></p>
<ul style="margin-top:0cm" type="disc">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">only conservative investment <wbr>policies are being used<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">the investment strategy will be <wbr>designed in support of the <wbr>objectives<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">An overview of some <wbr>illustrative investment <wbr>scenarios was provided, <wbr>followed by Q&A.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Parameters that need to be <wbr>considered:<u></u><u></u></span></p>
<ul style="margin-top:0cm" type="disc">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">amount of money<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">horizon<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">level of risk (which is not <wbr>correlated to the horizon)<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Financial information is <wbr>regularly provided during the <wbr>quarterly stakeholder calls. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">(amount from latest update - <wbr>Q3 data of FY17. <a href="https://www.icann.org/quarterlyreports" target="_blank">https://www.<wbr>icann.org/quarterlyreports</a>)<u></u><u></u></span></p>
<ul style="margin-top:0cm" type="disc">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">Reserve Fund: 64 million<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">New gTLD unspent application <wbr>fees: 128 million<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">Auction proceeds: 233 million<u></u><u></u></span></li><li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><span style="font-size:11.0pt">Annual budget of ICANN. FY18 <wbr>budget expenses 142 million <wbr>USD.<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Regarding replenishing the <wbr>reserve fund: appropriate <wbr>procedures need to be taken, <wbr>appropriate approvals and <wbr>decisions need to be in place <wbr>for it to be legal. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">This is however a moral <wbr>question as well. The charter does include this <wbr>question: “To what extent (<wbr>and, if so, how) could ICANN, <wbr>the Organization or a <wbr>constituent part thereof, be <wbr>the beneficiary of some of <wbr>the auction funds”<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">The group needs to discuss <wbr>this at a later stage.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<ol style="margin-top:0cm" start="4" type="1">
<li class="m_1209339845701018445MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11.0pt">Next meeting </span></i></b><b><i><span style="font-size:11.0pt"><u></u><u></u></span></i></b></li></ol>
<p class="m_1209339845701018445MsoListParagraph"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">next CCWG-AP meeting is <wbr>scheduled for Thursday 24 <wbr>August at 14.00 UTC<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">= = = = <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt">Action item #1: <u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt">CCWG to review the slides presented by Xavier (published on
<a href="https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call)" target="_blank">
https://community.icann.org/<wbr>display/CWGONGAP/2017-08-10+<wbr>CCWG+New+gTLD+Auction+<wbr>Proceeds+call)</a> and to share any further questions for Xavier on the group’s mailing list.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt">Action item #2:<u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Per the discussion during the CCWG-AP meeting on 27 July 2017, the attached mind map was developed, which aims to regroup the objectives based on the survey results as well as the subsequent discussions.
The CCWG is encouraged to continue to provide feedback on the proposed regrouping of objectives/priorities, as well as the clustering of examples ahead of the next meeting, scheduled for 24 August at 14 UTC.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt">Action item #3: <u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt">CCWG to review responses to charter <wbr>question #4 and to continue the discussion on the mailing list.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">(see <a href="https://www.surveymonkey.com/results/SM-6GNDQHJ6/" target="_blank">https://www.surveymonkey.<wbr>com/results/SM-6GNDQHJ6/</a> )<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">= = = = <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black">Joke Braeken<u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black">ccNSO Policy Advisor <u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black"><a href="mailto:joke.braeken@icann.org" target="_blank"><span style="color:blue">joke.braeken@icann.org</span></a><u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black">Follow @ccNSO on Twitter: <a href="https://twitter.com/ccNSO" target="_blank"><span style="color:#954f72">https://twitter.com/<wbr>ccNSO</span></a><u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;color:black"><a href="http://ccnso.icann.org" target="_blank"><span style="color:blue">http://ccnso.icann.org</span></a> <u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
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