Netbay, the applicant to be the registry for the .FIN domain, and its shareholders
respond to the objection by TLD Facts :1. In its application, AMB clearly states
that it is acting as a “starter” for the .FIN domain. AMB will not be the association
that will establish the conditions and the rules under which second level names will
be registered in .FIN. AMB realized that the extremely short time frame
for the preparation of applications for new top level domains precluded the immediate
creation of a globally representative sponsoring organization. AMB will act as initial
sponsoring organization in accordance with its application, and, as indicated in
its application, it will take steps promptly to contribute to the establishment of
the .FIN Sponsoring Organization, as a globally representative organization that
will represent equitably all the components of the financial sector (e.g., by type
of business and geographically). AMB strongly favors a situation in which professional
organizations, such as SWIFT (for banks) and other organizations (for
insurance companies and other components of the financial world), would participate
actively in the foundation and the management of the Financial Internet Domain Association.
2. Registrars fees: Their level has been determined in consideration of the costs
that will be generated by their yearly audit by external auditing firms. This category
of costs is linked to the registrars per se and not directly to the number of name
registrations. This is a sound principle of pricing.
3. If you give appropriate
attention to the documents submitted to ICANN, you will see that the 1,000,000 figure
is partly based on D&B statistics. It is further based on reasonable extrapolations
and estimates of the market. Please note also that the business plan is composed
of three parts showing the consequences of adverse and favourable business levels
which result from a smaller or a larger than expected total market size.
4. The
.FIN domain, being a restricted TLD devoted exclusively to a naturally very well
informed business segment, will rapidly appear as a necessary tool for the firm and
for the professional operating in the market.
5. “Big profits” are not by any
means guaranteed. The application makes it clear that losses could occur under certain
conditions described in the business plan. The plan provides for legitimate compensation
for the risk involved in major investments and efforts by private individuals. Stock
options are a well recognized means of rewarding the men and women working in the
company for their participation in this effort.
6. As regards, 2nd level TLDs,
our position is that generic financial names should not be the subject of private
property as 2nd level domains. We favor a system in which financial entities, in
certain instances, will be better served by being categorized under a generic
2nd level domain and identified by 3rd level names.
Patricia Jutheau-Husson
Chairman
of Netbay (Monaco)
Patricia Jutheau-Husson
Chairman of Eurafnet (Luxembourg)
Siegfried
Langenbach
Chairman of CSL(Germany