Hi Rubens, Understood. We're not looking to replace the cash deposit, but to allow suitable alternatives especially for Global South applicants that may not have easy "access" to US dollars within their own banking or monetary regulation systems. Kind regards, Justine On Sat, 1 Jun 2024 at 03:24, Rubens Kuhl <rubensk@nic.br> wrote:
5. Appendix 2: Deposit - is the provision of a Letter of Credit not
being considered?
Justine,
On this specific topic, the LoC experience from the 2012 round was very traumatic for both applicants and ICANN, so I understand the reasoning for preferring a deposit. In 2012 we begged ICANN to use deposits instead of LoC’s, but they insisted and made that the worst part of the financial evaluation. Which is why SubPro changed that for a possible COI (Continued Operations Instrument)…
… while this doesn’t goes against using LoC in ASP, the motives for that decision apply as well.
Rubens