The ICANN Business Constituency (BC) submits the attached comment on the ICANN Reserve Fund – Rationale and Target Level.

( ICANN comment page at https://www.icann.org/public-comments/reserve-fund-2017-10-12-en  )

This comment was drafted by Jimson Olufuye, Jay Sudowski, and Marilyn Cade.

It was approved in accord with the BC Charter.

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Steve DelBianco

Vice chair for policy coordination

ICANN Business Constituency