ICANN has collected approximately US$355 million of application fees from applicants for generic top-level domains (gTLDs) in the New gTLD Program (net from pre-reveal withdrawals). The purpose of these application fees is to cover the costs of implementing the GNSO‘s Policy on new gTLDs through the New gTLD Program. Because of this specific usage of the funds, as well as the specific timeframe associated with such usage, a specific investment policy is called for to support the adequate investment of such funds for the time they will be held.
ICANN selected Bridgebay Investment Consultant Services to assist in the design of a specific investment policy for management the funds held for the New gTLD Program. The New gTLD Fund Investment Policy has been designed to enabling safeguarding, liquidity, and a reasonable return on investment during the period of time the funds are invested.
About the Author:
Konstantinos Zournas lives in Athens, Greece. He studied Computer Engineering and Computer Science in London, UK. He does domain name consulting, website development, programming and UDRP consulting. He has been online since 1995 and a domainer since 2002. He is mainly writing about domain names and website development but other things may come up. You can find him at Google+
Konstantinos Zournas – who has written 635 posts on Online Domain.
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