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. — Steve DelBianco Vice chair for policy coordination ICANN Business Constituency