<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Dear All - </div><div id="AppleMailSignature">I agree with Alan's description about what Xavier said. </div><div id="AppleMailSignature">Let's continue the discussion to have a clearer understanding between ourselves about what we want in relation to the reserve fund and then let's have a debate at our next call.</div><div id="AppleMailSignature">Erika </div><div id="AppleMailSignature"><br>Sent from my iPhone</div><div><br>On Aug 10, 2017, at 10:40 PM, Alan Greenberg <<a href="mailto:alan.greenberg@mcgill.ca">alan.greenberg@mcgill.ca</a>> wrote:<br><br></div><blockquote type="cite"><div>
To be clear, I don't think anyone on the call suggested we build up the
reserve to a 12 or 24 month level of current budget. Xavier said that 1
year was a typical norm for non-profits, but in my opinion, there is no
need for that, as in the case of emergency, costs could be ramped down
quickly. <br><br>
I vaguely recall that the level that we were targeting (before the drain
from the CCWG-Acct expenses) was something like $80m. So even if we
contributed enough to get back to that level, it would be perhaps $40m.
<br><br>
But the issue in my mind is not how much, but if.<br><br>
Alan<br><br>
At 10/08/2017 03:28 PM, Dietmar Stefitz wrote:<br><br>
<blockquote type="cite" class="cite" cite="">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><br>
<br><br>
<br><br>
<br>
Thursday, August 10, 2017, 8:05:56 PM, you wrote:<br><br>
<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><a href="mailto:kavouss.arasteh@gmail.com">
kavouss.arasteh@gmail.com</a><b>> wrote:<br><br>
<br>
>> 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
<</b><a href="mailto:joke.braeken@icann.org">joke.braeken@icann.org</a>
<b>><br>
>> wrote:<br><br>
>>> 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:
</b><a href="https://community.icann.org/x/DLHDAw">
https://community.icann.org/x/DLHDAw</a><b>.<br><br>
<br><br>
>>> 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><br>
<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>>>>
<a href="https://www.icann.org/quarterlyreports" eudora="autourl">
https://www.icann.org/quarterlyreports</a><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 fundsâ€<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><br>
<br><br>
>>> Action item #1:<br><br>
>>> CCWG to review the slides presented by Xavier (published
on<br>
</b>>>>
<a href="https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call" eudora="autourl">
https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call</a>
<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><a href="https://www.surveymonkey.com/results/SM-6GNDQHJ6/">
https://www.surveymonkey.com/results/SM-6GNDQHJ6/</a><b> )<br>
<br><br>
<br>
>>> = = = =<br><br>
<br><br>
<br><br>
>>> Joke Braeken<br><br>
>>> ccNSO Policy Advisor<br><br>
</b><a href="mailto:joke.braeken@icann.org">>>>
joke.braeken@icann.org</a><br><br>
<br><br>
<b>>>> Follow @ccNSO on Twitter:
</b><a href="https://twitter.com/ccNSO">https://twitter.com/ccNSO</a><br>
<br>
<b>>>> Follow the ccNSO on Facebook:
</b><a href="https://www.facebook.com/ccnso/">
https://www.facebook.com/ccnso/</a><br><br>
>>>
<a href="http://ccnso.icann.org/" eudora="autourl">
http://ccnso.icann.org</a><br><br>
<br><br>
<br>
<b>>>> _______________________________________________<br>
>>> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org">>>>
Ccwg-auctionproceeds@icann.org</a><br>
>>>
<a href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds" eudora="autourl">
https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br><br>
<br><br>
<b>>> _______________________________________________<br>
>> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org">>>
Ccwg-auctionproceeds@icann.org</a><br>
>>
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https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<b>MK> _______________________________________________<br>
MK> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org">MK>
Ccwg-auctionproceeds@icann.org</a><br>
MK>
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https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br><br>
<br><br>
<i>-- <br>
Saludos,<br>
Dietmar <br>
<br>
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