<html><head><title>Re: [Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting</title>
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<span style=" font-family:'Georgia'; font-size: 10pt;">Hi Erika and all,<br>
<br>
I have been very astonished to hear the proposal to use the Auction Money in filling up the reserve account of ICANN.<br>
Filling up for 12 month reserve or 24 month reserve, if we have to take 24 month, there will not be much left to disburse to other projects.<br>
<br>
I thought that the call from Xavier has been to explain specially the Investment of the fund at this moment, for which I can only congratulate.<br>
A 1% return on a super save investment is not bad, and it should be made like this in the future.<br>
<br>
I would absolutely be against a filling up of the reserve fund from the auction proceeds, at least as a decision from this group.<br>
Or did I misunderstand something?<br>
<br>
Dietmar Stefitz<br>
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Thursday, August 10, 2017, 8:05:56 PM, you wrote:<br>
<br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>MK> Hi Kavouss,<br>
<br>
MK> Am I missing something - or are you suggesting that the CCWG should<br>
MK> only determine whether or not money be fed into ICANN's reserve<br>
MK> account, without also indicating what proportion should be used to<br>
MK> that effect?<br>
<br>
MK> If so - I don't see how the CCWG could consider anything beyond that<br>
MK> simple yes/no question, as we'd have no indication how much money we<br>
MK> would have leftover to work with, once the reserve is replenished.<br>
MK> Decisions about allocation priorities can't really be made unless we<br>
MK> also look at how the pie should be portioned out, right?<br>
<br>
MK> Michael Karanicolas<br>
<br>
MK> On Thu, Aug 10, 2017 at 2:50 PM, Kavouss Arasteh<br>
MK> <</b></span></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:kavouss.arasteh@gmail.com">kavouss.arasteh@gmail.com</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>> wrote:<br>
<br>
<br>
<span style=" color: #800080;">>> Dear Erika, Dear All,<br>
<br>
>> Today during the last 15 mints of the call I tried to draw your attention to<br>
>> allow me to intervene on the views expressed by Alan reading the Reserve<br>
>> account.<br>
<br>
>> If I have well understood his statement he wanted that CCWG discuss the<br>
>> level of ICANN reserve account which was announced by Xavier to be<br>
>> equivalent to one year budget as objective. As Xavier mentioned this level<br>
>> has not been reached.<br>
<br>
>> Alan’s view that CCWG discuss the level of ICANN reserve account is outside<br>
>> the mandate of CCWG. We may just decide whether or not that account be fed<br>
>> by using Auction money but decision on the appropriate level of the reserve<br>
>> account is totally outside or mandate as it is a decision to be made by the<br>
>> Board and not by this group<br>
<br>
>> Regards<br>
<br>
>> Kavouss<br>
<br>
<br>
>> On Thu, Aug 10, 2017 at 5:56 PM, Joke Braeken <</span></b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:joke.braeken@icann.org">joke.braeken@icann.org</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800080;"><b>><br>
>> wrote:<br>
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<span style=" color: #800000;">>>> Dear All,<br>
<br>
<br>
<br>
>>> Please find below the notes and action items from today’s CCWG-AP meeting.<br>
<br>
<br>
<br>
>>> Best regards,<br>
<br>
<br>
<br>
>>> Joke Braeken<br>
<br>
<br>
<br>
>>> Notes CCWG – AP Meeting 10 August 2017:<br>
<br>
<br>
<br>
>>> These high-level notes are designed to help the CCWG navigate through the<br>
>>> content of the call and are not meant as a substitute for the transcript<br>
>>> and/or recording. The MP3, transcript, and chat are provided separately and<br>
>>> are posted on the wiki at: </span></b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://community.icann.org/x/DLHDAw">https://community.icann.org/x/DLHDAw</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>.<br>
<br>
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>>> Roll Call<br>
<br>
<br>
<br>
>>> Please state your name for transcription purposes and keep microphones on<br>
>>> mute when not speaking.<br>
>>> Attendance will be taken from the AdobeConnect room.<br>
<br>
<br>
<br>
>>> Welcome – DOI<br>
<br>
<br>
<br>
>>> Overview from Xavier Calvez on investment management<br>
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<br>
<br>
>>> The intention of this presentation is<br>
<br>
>>> to allow the group to think on the issue of investment,<br>
>>> to understand ICANN's practice, and to answer any questions that might be<br>
>>> raised.<br>
<br>
>>> It helps to inform the discussion on the ROI of the fund; It includes an<br>
>>> overview of how the auction proceeds are currently managed, which might lead<br>
>>> to how they might be managed in the future.<br>
<br>
<br>
<br>
>>> Important to note:<br>
<br>
>>> only conservative investment policies are being used<br>
>>> the investment strategy will be designed in support of the objectives<br>
<br>
<br>
<br>
>>> An overview of some illustrative investment scenarios was provided,<br>
>>> followed by Q&A.<br>
<br>
<br>
<br>
>>> Parameters that need to be considered:<br>
<br>
>>> amount of money<br>
>>> horizon<br>
>>> level of risk (which is not correlated to the horizon)<br>
<br>
<br>
<br>
>>> Financial information is regularly provided during the quarterly<br>
>>> stakeholder calls.<br>
<br>
>>> (amount from latest update - Q3 data of FY17.<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://www.icann.org/quarterlyreports">>>> https://www.icann.org/quarterlyreports</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>)<br>
<br>
>>> Reserve Fund: 64 million<br>
>>> New gTLD unspent application fees: 128 million<br>
>>> Auction proceeds: 233 million<br>
>>> Annual budget of ICANN. FY18 budget expenses 142 million USD.<br>
<br>
<br>
<br>
>>> Regarding replenishing the reserve fund: appropriate procedures need to be<br>
>>> taken, appropriate approvals and decisions need to be in place for it to be<br>
>>> legal.<br>
<br>
>>> This is however a moral question as well. The charter does include this<br>
>>> question: “To what extent (and, if so, how) could ICANN, the Organization or<br>
>>> a constituent part thereof, be the beneficiary of some of the auction funds”<br>
<br>
>>> The group needs to discuss this at a later stage.<br>
<br>
<br>
<br>
>>> Next meeting<br>
<br>
<br>
<br>
>>> next CCWG-AP meeting is scheduled for Thursday 24 August at 14.00 UTC<br>
<br>
<br>
<br>
>>> = = = =<br>
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>>> Action item #1:<br>
<br>
>>> CCWG to review the slides presented by Xavier (published on<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call">>>> https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>)<br>
>>> and to share any further questions for Xavier on the group’s mailing list.<br>
<br>
<br>
<br>
>>> Action item #2:<br>
<br>
>>> Per the discussion during the CCWG-AP meeting on 27 July 2017, the<br>
>>> attached mind map was developed, which aims to regroup the objectives based<br>
>>> on the survey results as well as the subsequent discussions. The CCWG is<br>
>>> encouraged to continue to provide feedback on the proposed regrouping of<br>
>>> objectives/priorities, as well as the clustering of examples ahead of the<br>
>>> next meeting, scheduled for 24 August at 14 UTC.<br>
<br>
<br>
<br>
>>> Action item #3:<br>
<br>
>>> CCWG to review responses to charter question #4 and to continue the<br>
>>> discussion on the mailing list.<br>
<br>
>>> (see </b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://www.surveymonkey.com/results/SM-6GNDQHJ6/">https://www.surveymonkey.com/results/SM-6GNDQHJ6/</a><span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b> )<br>
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>>> = = = =<br>
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>>> Joke Braeken<br>
<br>
>>> ccNSO Policy Advisor<br>
<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:joke.braeken@icann.org">>>> joke.braeken@icann.org</a><br>
<br>
<br>
<br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>>>> Follow @ccNSO on Twitter: </b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://twitter.com/ccNSO">https://twitter.com/ccNSO</a><br>
<br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>>>> Follow the ccNSO on Facebook: </b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="https://www.facebook.com/ccnso/">https://www.facebook.com/ccnso/</a><br>
<br>
<a style=" font-family:'courier new'; font-size: 9pt;" href="http://ccnso.icann.org">>>> http://ccnso.icann.org</a><br>
<br>
<br>
<br>
<br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>>>> _______________________________________________<br>
>>> Ccwg-auctionproceeds mailing list<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:Ccwg-auctionproceeds@icann.org">>>> Ccwg-auctionproceeds@icann.org</a><br>
<a style=" font-family:'courier new'; font-size: 9pt;" href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds">>>> https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<br>
<br>
<br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800080;"><b>>> _______________________________________________<br>
>> Ccwg-auctionproceeds mailing list<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:Ccwg-auctionproceeds@icann.org">>> Ccwg-auctionproceeds@icann.org</a><br>
<a style=" font-family:'courier new'; font-size: 9pt;" href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds">>> https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<span style=" font-family:'courier new'; font-size: 9pt; color: #800000;"><b>MK> _______________________________________________<br>
MK> Ccwg-auctionproceeds mailing list<br>
</b></span><a style=" font-family:'courier new'; font-size: 9pt;" href="mailto:Ccwg-auctionproceeds@icann.org">MK> Ccwg-auctionproceeds@icann.org</a><br>
<a style=" font-family:'courier new'; font-size: 9pt;" href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds">MK> https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<br>
<br>
<br>
<span style=" font-family:'arial'; color: #c0c0c0;"><i>-- <br>
Saludos,<br>
Dietmar <br>
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