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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Century Gothic",serif">Guess I have already talked about this. The largest bank in brazil, with branches in Europe and US have applied for its TLD they asked for a letter of credit. Among banks
only if are almost bankrupted that you will ask a “security” as a letter of credit from another bank. I personally ( since I was helping them to apply) talked with the external groups to explain how the financing system works, all the accounts from the bank
were open ( the bank is of course in the stock market, controlled by central bank etc so the amount of money to pay or implemented the TLD was almost ridiculous for the bank comparing with its billions of public informed profit they had December of the year
before. Even then took me several hours phone call, explanations etc etc etc to finally they accept the bank itself guarantee.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Century Gothic",serif">The problem is the different legislation in each country the examiners did not access before hand to deal with the case. Best solution, if the accounts are public in the
stock marked and is large enough to buy ICANN many times I believe the rule shall be something in a better English:
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Century Gothic",serif"> “Letter of credit is needed only if applicant’s annual accounts are not public and accessible and showing an amount of profit that shows at least X times the expected
cost of the whole implementation of the domain”<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Century Gothic",serif">my 2 cents. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Century Gothic",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><i><span lang="PT-BR" style="font-size:10.5pt;color:#009193">Vanda Scartezini</span></i></b><span lang="PT-BR" style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span lang="PT-BR" style="font-size:10.5pt;color:#009193">Polo Consultores Associados</span></i></b><span lang="PT-BR" style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span lang="PT-BR" style="font-size:10.5pt;color:#009193">Av. Paulista 1159, cj 1004</span></i></b><span lang="PT-BR" style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;color:#009193">01311-200- Sao Paulo, SP, Brazil</span></i></b><span style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;color:#009193">Land Line: +55 11 3266.6253</span></i></b><span style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;color:#009193">Mobile: + 55 11 98181.1464 </span></i></b><span style="font-size:10.5pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;color:#009193">Sorry for any typos. <o:p></o:p></span></i></b></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:12.0pt;color:black">From:
</span></b><span style="font-size:12.0pt;color:black">Gnso-newgtld-wg-wt1 <gnso-newgtld-wg-wt1-bounces@icann.org> on behalf of Maxim Alzoba <m.alzoba@gmail.com><br>
<b>Date: </b>Tuesday, January 9, 2018 at 10:01<br>
<b>To: </b>"gnso-newgtld-wg-wt1@icann.org" <gnso-newgtld-wg-wt1@icann.org><br>
<b>Cc: </b>"gnso-secs@icann.org" <gnso-secs@icann.org><br>
<b>Subject: </b>Re: [Gnso-newgtld-wg-wt1] Recordings, attendance & AC Chat New gTLD Subsequent Procedures Sub Team Track 1 Overall Process/Support/Outreach Issue call on Tuesday, 09 January 2018<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-left:.5in">Hello All, <o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-left:.5in">After listening to the mp3 of the call, and looking through the chat record...<o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-left:.5in">I came to the conclusion that we have missed one really important item, <o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in">which should be reviewed as a separate one it is COI.<o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">I think we need to deal with COI (Letter of Credit ) at this point (without it you could not apply for TLD - Q50).</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white"><br>
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</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white"> The process was not clear , companies has to spend money on updates to their letters of credit (due to ICANN's lack of
guidance of what they wanted, and lack of understanding of how banking works outside of US).</span><o:p></o:p></p>
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</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">Requirements to letters of credit should be in place before the round starts.</span><o:p></o:p></p>
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</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">And we need to ask ICANN about some clarifications:</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">recent EBERO for .wed - was it funded by LOC? </span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">how much was withdrawn? </span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white"><br>
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</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">After we have answers to it, it will be possible to evaluate relevance of minimal/maximum requirements to Letter of Credit
(info bits were issued as an advisories, announcements </span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">which was not part of AGB</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white"><a href="https://www.icann.org/news/announcement-3-2011-12-23-en">https://www.icann.org/news/announcement-3-2011-12-23-en</a></span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white"><a href="https://newgtlds.icann.org/en/applicants/advisories/coi-withdrawal-05dec12-en">https://newgtlds.icann.org/en/applicants/advisories/coi-withdrawal-05dec12-en</a></span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">).</span><o:p></o:p></p>
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</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#333333;background:white">P.s: this item has direct impact on costs and ability of the legal bodies to participate (predictability and transparency).</span><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Helvetica",sans-serif;color:black">Sincerely Yours,<br>
<br>
Maxim Alzoba<br>
Special projects manager,<br>
International Relations Department,<br>
FAITID<br>
<br>
m. +7 916 6761580(+whatsapp)<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Helvetica",sans-serif;color:black">skype oldfrogger<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Helvetica",sans-serif;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Helvetica",sans-serif;color:black">Current UTC offset: +3.00 (.Moscow)<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in">On Jan 9, 2018, at 07:56, Michelle DeSmyter <<a href="mailto:michelle.desmyter@icann.org">michelle.desmyter@icann.org</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in">Dear All,<span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Please find the attendance and AC Chat of the call are attached to this email. The AC recording and Mp3 are listed below for the New gTLD Subsequent
Procedures Sub Team – Track 1 – Overall Process/Support/Outreach Issue held on Tuesday, 09 January 2018 at 03:00 UTC. <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Mp3:
</span></b><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <a href="https://audio.icann.org/gnso/gnso-new-gtld-subsequent-track1-09jan18-en.mp3">https://audio.icann.org/gnso/gnso-new-gtld-subsequent-track1-09jan18-en.mp3</a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Adobe Connect recording</span></b><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">: <a href="https://participate.icann.org/p1l2j2tbun2/">https://participate.icann.org/p1l2j2tbun2/</a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">The recordings of the calls are posted on the GNSO Master Calendar page: <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__gnso.icann.org_en_group-2Dactivities_calendar&d=DwMF-g&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=8_WhWIPqsLT6TmF1Zmyci866vcPSFO4VShFqESGe_5iHWGlBLwwwehFBfjrsjWv9&m=jM-JkfmEnAO-oEkI9UOhsHL0_hCg3JFQLapVUaJe59A&s=jh_EOSkMZeidAModYGEOEaTiSdU6PVUlas-E2SXs93A&e="><span style="color:purple">http://gnso.icann.org/en/group-activities/calendar[gnso.icann.org]</span></a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">** Please let me know if your name has been left off the list **<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Mailing list archives: <a href="http://mm.icann.org/pipermail/gnso-newgtld-wg-wt1"><span style="color:purple;background:white">http://mm.icann.org/pipermail/gnso-newgtld-wg-wt1</span></a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Agenda Wiki page: <a href="https://community.icann.org/x/Sx1yB">https://community.icann.org/x/Sx1yB</a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Thank you.<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Kind regards,<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">Michelle <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"-webkit-standard",serif">-------------------------------<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in">_______________________________________________<br>
Gnso-newgtld-wg-wt1 mailing list<br>
<a href="mailto:Gnso-newgtld-wg-wt1@icann.org">Gnso-newgtld-wg-wt1@icann.org</a><br>
https://mm.icann.org/mailman/listinfo/gnso-newgtld-wg-wt1<o:p></o:p></p>
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