<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><meta http-equiv="Content-Type" content="text/html; charset=utf-8" class=""><div style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<font color="#222222" class=""><font face="arial, sans-serif" class="">Dear
Jeff :</font></font></p><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<font color="#222222" class=""><font face="arial, sans-serif" class="">During
our most recent conference call, you asked me to quantify the
scope of the Foreign edchange Transactions and the businesses
supported by protected geographical indications.<br class=""><br class="">As I said
at the time, I do not have the time or resources to conduct a
thorough study, but a few minutes’ Goodle Search gives rise to
confirmation of the importance of these economic activities.</font></font></p><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<b class=""><font color="#222222" class=""><font face="arial, sans-serif" class="">1. Foreign
exchange transactions (ISO 4217 currency codes.)</font></font></b></p><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<font color="#222222" class=""><font face="arial, sans-serif" class="">« According
to </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">the</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">Bank
for </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">International</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">Settlements, </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">the</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">preliminary </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">global</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">results
from </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">the</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">2016
Triennial Central Bank Survey </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">of
Foreign Exchange</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">and
OTC Derivatives Markets Activity show that trading in </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">foreign
exchange</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">markets
averaged $5.09 trillion </font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">per
day</b></font></font></font><font color="#222222" class=""> </font><font color="#222222" class=""><font face="arial, sans-serif" class="">in
April 2016. »</font></font></p><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<font color="#222222" class=""><font face="arial, sans-serif" class=""><a href="https://www.statista.com/statistics/247328/activity-per-trading-day-on-the-global-currency-market/" class="">https://www.statista.com/statistics/247328/activity-per-trading-day-on-the-global-currency-market/</a></font></font></p><p lang="en-US" align="LEFT" style="margin-bottom: 0in; widows: 2; orphans: 2" class="">
<font color="#222222" class=""><font face="arial, sans-serif" class="">As
I understand these FOREX markets, (a) a significant proportion of
these transactions are automatic outcomes of small shifts in the
exchange rates and (b) the transactions involve the electronic
identification of the buying and selling parties and
currencies.<br class=""><br class="">Subject to confirmation or contradiction I believe
that the ISO 4217 alpha3 codes are widely used for that purpose. This
is why I have argued in WT5 and in the PDP that these currency codes
should be reserved by ICANN until there is a </font></font><span style="font-family: arial, sans-serif; color: rgb(34, 34, 34);" class="">clear
agreement with the international Central Banks (e.g. through IMF or
BSI) as to whether these codes could be delegated and to which
entities, not excluding themselves.</span></p>
<ol start="2" class="">
<li class=""><p lang="en-US" align="LEFT" style="widows: 2; orphans: 2;" class="">
<font color="#000000" class=""><font face="Verdana, Arial, Helvetica, DejaVu Sans, sans-serif" class=""><font style="font-size: 6pt" class=""><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""><b class="">Geographical
Indications (GIs)</b></font></font></font></font></font></font></p>
</li></ol><p lang="en-US" align="LEFT" style="widows: 2; orphans: 2;" class="">
<font color="#000000" class=""><font face="Verdana, Arial, Helvetica, DejaVu Sans, sans-serif" class=""><font style="font-size: 6pt" class=""><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class="">The
IPR rights in GIs are well established in many jurisdictions. Their
economic significance is considerable in the regions most concerned.
At short notice, I only have an EU source to quantify their economic
importance. From an 2011 EU Court of Auditors report (There are
others):</font></font></font></font></font></font></p><p lang="en-US" align="LEFT" style="widows: 2; orphans: 2;" class="">
<font color="#000000" class=""><font face="Verdana, Arial, Helvetica, DejaVu Sans, sans-serif" class=""><font style="font-size: 6pt" class=""><a href="https://europa.eu/rapid/press-release_ECA-11-41_en.htm" class="">https://europa.eu/rapid/press-release_ECA-11-41_en.htm</a></font></font></font></p><p lang="en-US" align="LEFT" style="widows: 2; orphans: 2;" class="">
<font color="#000000" class=""><font color="#222222" class="">“<font face="Verdana, Arial, Helvetica, DejaVu Sans, sans-serif" class=""><font style="font-size: 6pt" class=""><font face="inherit" class=""><font style="font-size: 9pt" class="">The
geographical indications (GI) scheme aims to protect product names
which are registered as Protected Designation of Origin
or</font></font></font><font color="#222222" class=""><font face="arial, sans-serif" class=""><font style="font-size: 9pt" class=""> </font></font></font><font color="#222222" class=""><font face="inherit" class=""><font style="font-size: 9pt" class="">Protected
Geographical Indication, whose overall wholesale value is estimated
at € 15 billion (per year-cw). The scheme also provides a
potential economic opportunity for farmers and producers of food and
can have a positive impact on the rural economies of the EU’s
regions, as well as offer an impetus for safeguarding local culture
and tradition and provide consumers with the opportunity to be more
aware of the origin of the products they consume.”</font></font></font></font></font></font></p><p lang="en-US" class=""><br class=""><font color="#222222" class=""><font face="arial, sans-serif" class="">Granted
that fifteen billion per year is less than five trillion per day. But
I nevertheless consider that since the GIs are protected by
applicable local law, ICANN should reserve all such names in the
agreed languages. and regulate eventual delegation to authorised
Registries.<br class=""><br class="">I trust that this preliminary response to your
question is helpful</font></font></p><p lang="en-US" class=""><font color="#222222" class=""><font face="arial, sans-serif" class="">Regards</font></font></p><p lang="en-US" class=""><font color="#222222" class=""><font face="arial, sans-serif" class="">Christopher
Wilkinson</font></font></p><div class=""><br class=""><blockquote type="cite" class=""><div class="">On 9 Aug 2019, at 14:33, Julie Hedlund <<a href="mailto:julie.hedlund@icann.org" class="">julie.hedlund@icann.org</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><br class="Apple-interchange-newline"><span style="caret-color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14.666666984558105px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class=""> </span></div></blockquote></div><br class=""></div></body></html>