Greetings IRT and ASP-IRT members (please forgive the cross-post), Further to our discussion today during Meeting #138<https://icann-community.atlassian.net/wiki/spaces/SPIR/pages/181141583/2025-...>, we are sharing the proposed revisions to the ASP bid credit on the EXT drive<https://docs.google.com/document/d/1bIu1lRxe4zr-lKRlfoQzd9dayoysItb4-AtvXUzB...>. As noted during the meeting, we are proposing these revisions for two reasons: 1. The edits intend to clarify that the bid credit indeed acts as a credit as well as a discount. The credit allows supported applicants to bid higher than they might otherwise, thereby increasing their chance of winning (per the stated rationale for policy Rec 17.15<https://gnso.icann.org/sites/default/files/file/field-file-attach/final-repo...>). The bid credit also provides a discount by reducing the amount due by the winning supported applicant. 2. These revisions aim to further mitigate risks associated with ICANN providing undue financial benefits to private parties (in the case that the winning price paid by the supported applicant exceeds the financial thresholds needed to qualify for support). Many thanks for your initial review during the meeting. Please let us know if you have any further questions or comments. Kind regards, Kristy