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									                                    2010


Discussion Paper on

  Top Level Domains for the
 Finance World of Tomorrow




         Abbildung 1 Dubai World:
                                    Prepared by Matthias Jungbauer
                                    Top Level Domain Consulting
                                    3/2/2010
Discussion Paper                             Top Level Domains for the Finance World




This discussion paper introduces Top Level Domains for Finance World of today and
tomorrow.


This paper aims to explain the Domain Name System as service of the Internet.
This paper understands the World Wide Web as user of the Domain Name System.
This paper outlines the need for new Top Level Domains for the Finance World.


This discussion paper aims to explain the role of the Association of National
Numbering Agencies and the role of National Numbering Agencies as enabling and
driving factor for the new TLD .isin and as supporter for .mic and .bic.


This paper presents the points that need to be considered and debated with a view to
create a new Working Group at ANNA.


It does not represent the opinions of the Internet Corporation for Assigned Names
and Numbers (ICANN) or the opinions of the Internet Council of Registrars (CORE).
It does not state the opinions of ANNA or any Numbering Agency.


Target Audience:
Finance People, Members of


Association of National Numbering Agencies (ANNA)
National Numbering Agencies (NNA)
International Organization for Standardization (ISO)
International Securities Association for Institutional Trade Communication (ISITC)
Internet Corporation for Assigned Names and Numbers (ICANN)
Society for Worldwide Interbank Fi nancial Telecommunication (SWIFT)




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Discussion Paper                                                         Top Level Domains for the Finance World



Contents

Preface ...................................................................................................................................... 4

About the Author ...................................................................................................................... 5

Executive Summary................................................................................................................. 6

Excurses – for non IT people ................................................................................................. 9

   The Internet is like an Iceberg – The underground is bigger than the surface. ......... 9

   Domain Name System (DNS) ..........................................................................................10

   Top Level Domain (TLD) ..................................................................................................12

   Web Browser ......................................................................................................................14

   World Wide Web (WWW) .................................................................................................15

   Hypertext Transfer Protocol (HTTP) ...............................................................................15

   Hypertext Markup Language (HTML) .............................................................................16

   eXtensible Markup Language (XML) ..............................................................................16

   Universal Description Discovery and Integration (UDDI) ............................................16

Introduction .............................................................................................................................19

Top Level Domains................................................................................................................20

   The trouble with domains and TLDs ...............................................................................20

       Guess, what is the domain of the Olympic Winter Games 2010 in Canada? ......22

   TLD .ISIN.............................................................................................................................22

ICANN and the gTLD Process.............................................................................................25

ANNA as enabling and driving factor..................................................................................26

Conclusion ..............................................................................................................................27

Glossary ..................................................................................................................................28




Matthias Jungbauer – Top Level Domain Consulting                                                                                     Page 3
Discussion Paper                             Top Level Domains for the Finance World



Preface

Straight Through Processing (STP) once seemed a simple process.
Market players were supposed to trade without much human intervention.


However the STP initiative promoted by ISITC does not include middle and back
offices, analysts, researchers and private investors. STP could start at the time an
„ISIN“ is created and an offering prospectus is drafted.


Information systems and databases working with fields such as „ISIN“, „MIC“ or „BIC“
are not always communicating well with each other.


The Internet once seemed a simple system.
The World Wide Web would use the Hypertext Transport Protocol to „hyperlink“ all
HTML Documents with each other.
The Domain Name System would be used to find Web Servers and a simple
index.html file would provide a table of contents on each server and web site.


The reality has changed over the last 10 years.
We do not always find on the Internet what we are looking for.


The difficulty in writing a discussion paper on new Top Level Domains for the Finance
World is to link Internet People with Finance People and to link proprietary financial
instruments databases with public accessible systems.


What is the value or benefit of ISO 6166 (ISIN)?
Would a new usage for ISIN add value?
Does it go well, if ISO shall work together with ICANN?
What benefit and value does the Internet add if we put ISINs into the Domain Name
System.




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Discussion Paper                                  Top Level Domains for the Finance World



About the Author

Matthias Jungbauer is presently working as freelancer, consultant and software
engineer. He introduced Top Level Domain Consulting in January 2010 when he first
commented on the New gTLD Program — ICANN Proposes Draft Expression of
Interest / Pre-Registrations Model1
Top Level Domain Consulting and his initiative .isin go back to the time when he was
working as Researcher in the Fixed Income Department of FT Interactive Data,
a leading data vendor.
He spent about 50% of his time to search for information about securities in private
and public databases and on the Internet.


He went off Mannheim University, Faculty for Business Administration as Diplom-
Kaufmann. There he studied Applied Information Systems, Bank Management and
Finance.


His Employment Records include:
       IBM Global Services – CRM Helpdesk – CRM Specialist
       FT Interactive Data – Fixed Income Department – Researcher
       IKB Credit Asset Management – Operations & Surveillance – CDO Specialist
       Basler Kantonalbank – Banking Solutions – BA Wealth Management


In addition of establishi ng .isin he also aims to create .mic, .bic, .isbn, .ean.


In general each large, distributed database should be put onto the internet by using
the database name as top level domain and the database records as domains.




1
    http://www.icann.org/en/announcements/announcement-2-18dec09-en. htm
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Discussion Paper                             Top Level Domains for the Finance World



Executive Summary

The Internet Corporation for Assigned Names and Numbers (ICANN) is about to
launch a new program for the registration of new Top Level Domains.


In this paper I will state, that the Association of National Numbering Agencies as
regulatory authority for ISO 6166 (ISIN) is the best organization of the international
Finance World to register .isin as new Top Level Domain for the industry.


I do suggest that ANNA establishes a new Working Group with the purpose to
contribute, coordinate and develop the Domain Name System for the Finance World
of tomorrow.


Three new Top Level Domains, .isin, .mic and .bic will create additional value and
benefit for everyone.
Out of these three TLDs, ANNA is the best organization for the registration of .isin.
The authors discusses with SWIFT to create .mic and .bic as TLD.


One goal of .isin is to use the Domain Name System as a lookup system for ISINs.


Each isin would also be available as domain for the World Wide Web system.


This is an opportunity for the markets to develop Straight Through Processing further
and incorporate static reference and annual research reports, rating opinions or
annual reports into it.


One application of the new TLD .isin might be:
Uddi:// US4592001014.isin


The result document might show a list of parties which do provide information and
opinions about this instrument.




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Discussion Paper                             Top Level Domains for the Finance World

The result might include basic reference data like security type, name of issuer,
country of incorporation. It could also provide a list of rating agencies and research
analyst which follow this instrument.
It might provide a list of stock exchanges where the instrument is listed.


The result set is a cooperation of all market participants and UDDI might provide a
system of web services and application programming interfaces so that the market
place can share high quality and correct data about an instrument.


Sample Result Set:
<xml>
<soap>
<static>
<codes isin=“US4592001014“ cusip=“459200101“ wpkn=“851399“/>
<iso10962 name=“CFI“ category=“E“ group=“S“ form=“Bearer“ />
<issuer type=“shortname“>IBM</issuer>
</static>
<web-service-providers>
<provider>
        <name>Moodys</name>
        <function>Rating Agency</function>
        <wsi wsdl=“...“>www.moodys.com/web-services</wsi>
</provider>
<provider>
        <name>NYSE</name>
        <function>Stock Exchange</function>
        <wsi wsdl=“...“ ticker=“IBM“>www.nyse.com/web -services</wsi>
</web-service-providers>
</soap>
</xml>


This is a sample.



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Discussion Paper                              Top Level Domains for the Finance World

.isin could also be used for easier tasks like redirecting a web browser user to the
web site of investor relations, debt relations or fund holder services.r45


At the time a NNA creates an ISIN it would also create an isin domain.
Initially NNA only provides the domain with static content, loand then it is up to the
market to upload further information providers to this domain.


The author proposes that the industry develops a catalogue of schemas and data
templates for each defined classification of financial instruments code.
This industry work should be coordinated.


The author believes that once Top Level Domains are discussed in the industry,
it will soon attract funding among members and customers of NNA.




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Discussion Paper                              Top Level Domains for the Finance World




Excurses – for non IT people

The next view pages explain how the Internet works, which services the Internet
offers and how the Finance World could use Internet Standards for their businesses.


The author advises to read the page about the Domain Name System and about Top
Level Domains.

The Internet is like an Iceberg – The underground is bigger than the surface.




                              Abbildung 2 Underwater Iceberg




Over the last 10 years we all learned to work with Web Browsers like Microsoft
Internet Explorer or Mozilla Firefox, we read and write Emails with Lotus Notes,
Microsoft Outlook or Pegasus Mail.


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Discussion Paper                              Top Level Domains for the Finance World

Some of us even voice chat with Skype or Yahoo Messenger.


In this excurse the Internet is explained in a simplified way.
Therefore it not always accurately describes the technology used behind a service.
Readers with a background in IT might get disappointed.


I do believe, that you can make a more informed decision, weather the Internet,
needs new Top Level Domains to serve the needs of the Finance World of today and
tomorrow, or not.

Domain Name System (DNS)

The Internet is the name for the largest networks of computers in the public domain.
When you link your laptop with your notebook, then you also built a network.
But your network is private and you might call it „homeoffice“ or „workgroup“.


Before you can call a friend, you must know his phone number and dial his number.
What do you do, if you forgot his phone number?
You will look it up from a note, or have a look at a public phone book.


The Domain Name System works like a phone book.


If one computer wants to communicate with another computer, it must know the IP
address of the other computer. The IP is like a phone number.


Here is a sample:


anna-web.com         194.187.222.33
yahoo.com            87.248.122.122
ibm.com              129.42.58.216


Your phone book not only provides a list of names and numbers, it might also provide
post addresses, company names or fax numbers.



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Discussion Paper                               Top Level Domains for the Finance World

The same applied to the DNS, it is also able to provide more information then just the
IP address. It also states who owns a domain and who is responsible for it.


In the sample above, anna-web, yahoo and ibm are Domains and com is a Top Level
Domain.
If .isin where a TLD, it could also provide you with the name of this instrument, its
classification code, listing data, rating opinions, links to SEC or auditors.


As with the phone book, the DNS also contains out of date data.


How many phone books, yellow pages and other industry guides do you have?
If we go back in time, to 1990 – how many phone books did you have in that time?


At the moment the Internet maintains about 279 phone books, for the whole world.
In general one phone book per country (ch, de, it, fi, ...).
And then there are some across country books available (com org net info edu).
Some books are restricted (mil gov int).


How did you get your phone or mobile number?
You signed up for a contract with a phone or mobile operator.


The Internet works similar, but different.
In contrast to the phone book, where you are presented with your last name and first
name, on the DNS you can decide how you want to be named.
Only hatch – each name in a „DNS book“ is unique.


The technical term in this discussion paper for „DNS book“ is TLD Root Server.
And then there is a book with the names and numbers of all TLD Root Servers.
A kind of book of books. Or an index of books.


Do you remember that de, it, es, com, org and edu are Top Le vel Domains?
The majority of Top Level Domains are open to everyone.



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Discussion Paper                                Top Level Domains for the Finance World

Between 1970 and 2000 this was important, to increase the size of the Internet and
to make it more accessible for everyone.
The downside is that we sometimes mix domain names up.
Like www.yahoo.com versus www.jahoo.com.


In some cases web browser users try to guess the domain of a company they want to
visit, and they might guess wrongly.


Which domain is correct: sparda-banken.de or banken-sparda.de.
(Sparda is a network of commercial banks in Germany)


As part of this discussion paper I will explain why the Finance Industry needs new
Top Level Domains to address this problem.


Further Readings: http://www.bind9.net/, http://www.root-servers.org/

Top Level Domain (TLD)

Given a complete URL like http://www.anna-web.com, we learned in the previous
chapter that com is the TLD for the Domain anna-web.


Analogously, de is the TLD of www.bvi.de


The organization which is responsible for the maintenance and creation of new TLDs
is the International Corporation for Assigned Names and Numbers (ICANN,
www.icann.org).


Here is an extract from the web site of ICANN about new TLDs.


gTLD History & Policy Development
How are ne w gTLDs created?
The decision to establish the New gTLD Program followed a detailed and lengthy
consultation process with all constituencies of the global Internet community.



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Discussion Paper                                Top Level Domains for the Finance World

Representatives from a wide variety of stakeholders—governments, individuals, civil society,
business and intellectual property constituencies, and the techno logy community—were
engaged in discussions for more than 18 months. In October 2007, the Generic Names
Supporting Organization (GNSO)—one of the groups that coordinates global Internet policy
at ICANN—completed its policy development work on new gTLDs and approved a set of
recommendations. Contributing to this policy work were ICANN's Governmental Advisory
Committee (GAC), At-Large Advisory Committee (ALAC), Country Code Names
Supporting Organization (ccNSO) and Security and Stability Advisory Committee (SSAC).
The ICANN Board of Directors adopted the policy in June 2008. A thorough brief to the
policy process can be found at http://gnso.icann.org/issues/new-gtlds/.

There are eight gTLDs that predate the formal establishment of ICANN as an organization.
These are: .com .edu .gov .int .mil .net .org .arpa. ICANN held two previous application
rounds, one in 2000 and another in 2003-4, where several proposals were submitted and
evaluated. The gTLDs approved during the 2000 round are: .aero .biz .coop .info .museum
.name .pro. The gTLDs approved during the 2004 round are .asia .cat .jobs .mobi .tel
.travel. You can find additional information about these previous application rounds at
http://www.icann.org/tlds/app- index.htm (2000) and http://www.icann.org/tlds/stld-apps-
19mar04/ (2003-4). Applications received during these rounds were evaluated against
previously-published criteria, and those applicants who were successful went on to sign TLD
Registry Agreements with ICANN.

2.2 How did the new gTLD policy development process work?

The Generic Names Supporting Organization (GNSO) is responsible for creating policy
applicable to gTLDs. The GNSO policy development process on new gTLDs was aimed at
creating a standing policy to guide the ongoing introduction of new gTLDs. The GNSO
Policy Development Process (PDP) is formally defined in the ICANN Bylaws (see
http://www.icann.org/general/bylaws.htm#AnnexA ). The GNSO's final report on the
introduction of New gTLDs can be found here ( Part A , Part B )

2.3 How are the GNSO's policy recomme ndations being implemented?




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Discussion Paper                                 Top Level Domains for the Finance World

ICANN staff reviewed the 19 GNSO recommendations for the introduction of new gTLDs
and developed a set of steps to put each of them into practice, while also being cognizant of
the guiding principles and implementation guidelines. One of the main outputs of this
implementation work is the Applicant Guidebook, which can be thought of as a roadmap for
potential gTLD applicants.

Further Reading: http://www.icann.org/en/topics/new-gtlds/strategy-faq.htm#history

Web Browser

A Web Browser like Microsoft Internet Explorer or Mozilla Firefox are software
applications which use the Domain Name System, World Wide Web Service,
Hypertext Transfer Protocol and Hypertext Markup Language, JavaScript and other
Standard so that a user can work with Web Applications and the World Wide Web.


If you enter http://www.anna-web.com in your web browser,


Then your browser will first ask the DNS Server of TLD com for the IP number of
anna-web.
(Of course first the browser must know what the IP Address of the TLD com DNS
Server is)
„Ask DNS at TLD com what is IP of anna-web“
„Response: 194.187.222.33“


Next, your browser will connect with the World Wide Web Service of this IP Number.
Then it will use the Hyper Text Transfer Protocol to speak with the WWW Service.
The WWW Service will send a document formulated in the Hypertext Markup
Language and the browser will display it.


A browser or web browser is also known as an Internet Client.
And the computer on which the WWW Service runs is known as Web Server.




Matthias Jungbauer – Top Level Domain Consulting                                        Page 14
Discussion Paper                             Top Level Domains for the Finance World


World Wide Web (WWW)

The WWW is one of the most famous services on the Internet. But it is not the only
services. There is also the Email System which consists of POP3 (Post Office
Protocol), SMTP (Simple Mail Transfer Protocol) and IMAP (Internet Message
Access Protocols).
Then there are Social Networks like Facebook, Linkedin or Microsoft Network ,
which found new ways of using Internet Standards to engineer Web 2.0 Applications.


On a Web Server or Internet Server there is usually more than one Service running.
The Web Browser will connect with the IP Address of the Internet Server on port 80.
The WWW uses port 80.
Port 25 is used for SMTP, 21 for FTP, 43 for WHOIS, 53 for DNS.


Do you need to know this?
Yes, you do.


The message is, that there are also other ports available to connect with an IP
address.
The WWW is not the Internet; it is only one service waiting on port 80 at the Internet
Server for a browser to request an html document.


The Finance World could use other ports for finance specific applications.
And we will need other ports for the development of a shared knowledge and
marketing database about financial instruments.


And it would take an industry association to develop standards for finance
applications on the internet.

Hypertext Transfer Protocol (HTTP)

The Hypertext Transfer Protocol is a simple language for a web browser to speak
with a web server.
A browser uses the GET command to receive resources from a web browser.
And it uses the POST command to send information in a form – to the web browser.

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Discussion Paper                               Top Level Domains for the Finance World

HTTP, HTML and JavaScript are the main Standards of the WWW Service.
AJAX is not being introduced at the moment, maybe at a later version of this
document.

Hypertext Markup Language (HTML)

<html><head><title>Hello World</title>
<body><h1>Hello ANNA,</h1><h2>Sample text in heading 2</h2>
</body>
</html>
If you entered this piece of text in a text editor and saved it as html file e.g. hello.html.
And you opened it with a web browser, the browser would read, interpret and display
this text. The verb to describe this process is render.

eXtensible Markup Language (XML)

XML is like HTML best explained with a sample:
<XML>
<hello>ANNA</hello>
</XML>
With HTML every browser knows, how to understand and render it.
Unless your XML file is based on a public standard, only you know the meaning of it.

Universal Description Discovery and Integration (UDDI)

UDDI is an XML language and a set of UDDI Servers . It was originally invented by
Microsoft, HP, IBM and SAP.


We learned that the Domain Name System could be considered as a kind of phone
book where you can look up the IP Number of an Internet Server.
Then you could use Port 80, 25 or whatever to communicate with this server.


However DNS does not tell you, what the WWW on an Internet Server has on offer.
The Web Server might provide anything from a social network, to a search engine, a
booking engine of an airline or just some out of date static HTML files as you would
see them on www.tldc.eu.


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Discussion Paper                              Top Level Domains for the Finance World



This is where UDDI steps in.
UDDI aims to provide a kind of Yellow Pages for the Internet.
It is a special type of Yellow Pages, pages related with Web Services.
UDDI can also be considered as a service of the internet where the clients are other
servers. (Server to server communication


What is a Web Service?


The WWW is not a Web Service!
A Web Site, Web Page or Web Application is not a Web Service!


What then is a Web Service?


Let’s start with a sample.


Imagine that you visit the web site of an airline and you book a flight.
As part of the booking process, the web site would want to check your credit card
details.


The credit card company would provide a web service, so that the web site can check
if your credit card details are correct.


A web service is a kind of program which can be accessed on the internet by other
programs and which is not designed to speak with human users.


A national numbering agency might provide a web service, which provides static
reference data about a security, given that the web service client provides an ISIN
code.


A rating agency might provide a web service that delivers a rating opinion given an
ISIN, or that it provides a fee for the download of a research paper.



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Discussion Paper                              Top Level Domains for the Finance World

Right now the Internet is full of web services.


An UDDI client could ask the UDDI Server „at which companies can I book a flight
online“.
The UDDI Server would send a list of prospective „web services“ to the UDDI Client.
Without human action, the UDDI Client asks each web service „if I wanted to book a
flight at your web service, how do I use your web service and what information do
you need from me“. (At this point the UDDI client is not able to ask the web service
for the price of a flight, it is more asking, what language does your web service
speak, am I sophisticated enough to use your web service)


In real time the UDDI Client could learn, how he can use the web service of the
booking website. After the client learned how he must communicate with the web
service, he could query each service for a quote. Next the UDDI client co uld book a
flight. The web service itself, would query the UDDI server for a list of credit card
processing services.


Anyway, this technology could be used to reduce the budgets for STP projects and
other integration projects.


As part of the discussion, I will explain why UDDI would add value to .isin


Further Readings: http://uddi.xml.org/




Matthias Jungbauer – Top Level Domain Consulting                                  Page 18
Discussion Paper                             Top Level Domains for the Finance World




Introduction

This discussion paper is about new Top Level Domains for the Finance World.
It focuses on TLD .isin and explains why the scope of ANNA should be increased to
represent the interests of the Finance World at ICANN.


The Domain Name System as back office service of the Internet is about to change.
The number of available Top Level Domains is going up.


ICANN is opening a program where organizations and multinational companies can
apply for new Top Level Domains. Each application costs a onetime fee of about
200,000 USD and another annual maintenance fee of 25,000 USD.


On behalf of the Finance World, the author suggests that ANNA takes on its role as
authority of „ISIN“and registers .isin as TLD.


To better assess the advantages and disadvantages of new TLD for isin the author
proposes to establish a Working Group which will develop an usage concept for the
industry.
The author is also interested in becoming a member of this working group.


Rough Idea:
Each financial instrument should have its own domain, with isin as TLD.


What for:
To increase the value, benefit and usage of ISIN.
To increase data quality, data cleansing and data accuracy.
To reduce transaction and information costs.
To link proprietary databases with each other.
To develop new research products


Goal of this Discussion Paper is to create a Working Group to discuss this further.

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Discussion Paper                            Top Level Domains for the Finance World




Top Level Domains

The view of the author is that the Internet needs new Top Level Domains to better
serve the needs of the Finance World.
The most famous Top Level Domains are com, org, info, ws.

The trouble with domains and TLDs

The URL of ANNA is www.anna-web.com.
Why didn’t ANNA use www.anna.com or www.anna.org.
For an organization .org would be the appropriate TLD.


This is the user of anna.org as of 23 Feb 2010.


Domain ID:D20503846-LROR
Domain Name:ANNA.ORG
Created On:23-Feb-2000 12:06:59 UTC
Last Updated On:15-Feb-2010 11:01:07 UTC
Expiration Date:23-Feb-2011 12:06:59 UTC
Sponsoring Registrar:Moniker Online Services Inc. (R145-LROR)
Status:CLIENT DELETE PROHIBITED
Status:CLIENT TRANSFER PROHIBITED
Status:CLIENT UPDATE PROHIBITED
Registrant ID:MONIKER1774655
Registrant Name:Moniker Privacy Services
Registrant Organization:Moniker Privacy Services
Registrant Street1:20 SW 27th Ave.
Registrant Street2:Suite 201
Registrant Street3:
Registrant City:Pompano Beach
Registrant State/Province:FL
Registrant Postal Code:33069
Registrant Country:US
Registrant Phone:+1.9549848445
Registrant Phone Ext.:
Registrant FAX:+1.9549699155
Registrant FAX Ext.:
Registrant Email:ANNA.ORG@domainservice.com
Admin ID:MONIKER1774655
Admin Name:Moniker Privacy Services
Admin Organization:Moniker Privacy Services

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Discussion Paper                            Top Level Domains for the Finance World

Admin Street1:20 SW 27th Ave.
Admin Street2:Suite 201
Admin Street3:
Admin City:Pompano Beach
Admin State/Province:FL
Admin Postal Code:33069
Admin Country:US
Admin Phone:+1.9549848445
Admin Phone Ext.:
Admin FAX:+1.9549699155
Admin FAX Ext.:
Admin Email:ANNA.ORG@domainservice.com
Tech ID:MONIKER1774655
Tech Name:Moniker Privacy Services
Tech Organization:Moniker Privacy Services
Tech Street1:20 SW 27th Ave.
Tech Street2:Suite 201
Tech Street3:
Tech City:Pompano Beach
Tech State/Province:FL
Tech Postal Code:33069
Tech Country:US
Tech Phone:+1.9549848445
Tech Phone Ext.:
Tech FAX:+1.9549699155
Tech FAX Ext.:
Tech Email:ANNA.ORG@domainservice.com



In the view of the author, this domai n is a sample of a parking domain or domain
name misuse.


How come?


At the time the domain anna.org was first registered by the domain owner, there was
no process in place to check the purpose and concept for anna.org.


New TLDs would provide a process so that not everyone can register and park a
domain.




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Discussion Paper                               Top Level Domains for the Finance World




Guess, what is the domain of the Olympic Winter Games 2010 in Canada?
Another problem with domains and the existing DNS is, that we are not always able
to guess which domain the correct one is.
Would it be www.olympic-winter-games.ca (for Canada)
Or www.olympic-games.int (int for international)
Or www.olympic-games-2012.com
Or www.olympic.org


If you use your favorite internet search engine, how much time do you need to find
the Official Webpage – there might be no official web page !


ICANN is opening a new round for the registration of new TLDs.
This is an opportunity for the finance industry to do it better.

TLD .ISIN

In contrast to .com or .org, a .isin domain will never expire.
In contrast to .com or .org, a .isin domain is available free of charge.


The domains for .isin would be derived from the numbers already available.


One second after a national numbering agency, creates a new ISIN, it would also
create a domain for it.
The NNA could cooperate with an ICANN authorized registrar for doing this task, or
would develop these skill set itself.
The author suggests that ANNA or the operators of ANNA develops the skill set to
operate DNS Root Servers and TLD Root Servers and leverage these skills with the
NNAs.


We need new Top Level Domains for new internet based products and services.




Matthias Jungbauer – Top Level Domain Consulting                              Page 22
Discussion Paper                             Top Level Domains for the Finance World

I would like to use .isin as a shared knowledge and marketing system for financial
instruments and value added services.


As outlined in the Excurses, the Internet is more than the World Wide Web.


A new service might be:


Uddi://US4592001014.isin


The result is a list of data vendors, stock exchanges, clearing houses, rating
agencies, numbering agencies which provide information about this instrument.


Sample Result Set:
<xml>
<soap>
<static>
<codes isin=“US4592001014“ cusip=“459200101“ wpkn=“851399“/>
<iso10962 name=“CFI“ category=“E“ group=“S“ form=“Bearer“ />
<issuer type=“shortname“>IBM</issuer>
</static>
<web-service-providers>
<provider>
        <name>Moodys</name>
        <function>Rating Agency</function>
        <wsi wsdl=“...“>www.moodys.com/web-services</wsi>
</provider>
<provider>
        <name>NYSE</name>
        <function>Stock Exchange</function>
        <wsi wsdl=“...“ ticker=“IBM“>www.nyse.com/web -services</wsi>
</web-service-providers>
</soap>
</xml>

Matthias Jungbauer – Top Level Domain Consulting                                 Page 23
Discussion Paper                              Top Level Domains for the Finance World

The UDDI client learns that this instrument is rated by Moody and listed at NYSE
without knowing the current rating opinion and current bid ask spread.
The UDDI client would also know, how he could receive this information from the
data vendors and if that information is available for free or a fee.


A traditional usage might be:


http://www.US4592001014.isin


The proposed working group, could also workout a link schema like:


http://www.US4592001014.isin/IR           links to investor relation
http://www.US4592001014.isin/rating       links to information about rating opinions
http://www.US4592001014.isin/rss          provides a RSS feed about this instrument
http://www.US4592001014.isin/listing      provides listing information
http://www. US4592001014.isin/sec_filings


If an ISIN is in the private domain it might redirect to the investment bank which acted
as lead arranger or to the NNA which created the instrument code.


If the ISIN refers to an Index it might link to a web page of the Index Provider.


It would be the job of a Working Group, to work out,
what data .isin should provide,
and how the industry can share its information about instruments.


One impact of .isin would be that the importance of ANNA and NNA would go up as
these agencies would provide additional infrastructure and services.




Matthias Jungbauer – Top Level Domain Consulting                                    Page 24
Discussion Paper                             Top Level Domains for the Finance World




ICANN and the gTLD Process

The International Corporation for Assigned Names and Numbers (icann,
www.icann.org) governs and regulates Top Level Domains, Root Servers and
Registrars. A registrar is a company, where users can register a domain name.


In 2000 and 2003 ICANN opened a process where the interested public could
register, discuss and debate about new top level domains.


As a result of this, about 13 new TLD were created: .aero .biz .coop .info .museum
.name .pro, .asia .cat .jobs .mobi .tel .travel.


In 2007 discussions started to open a new round where new TLD can be registered.


There is no turnkey solution available.
It is like learning by doing on an international scale for both ICANN and organizations
like you.


To register a new TLD costs about 200,000 USD onetime fees, and another 25,000
USD annual maintenance fee.
Also ICANN seeks 0.2 USD per domain for registrations and renewals.
I have started a debate with ICANN to cancel the 0.2 Domain fee.


Timing:
Nobody really knows, when the process is about to start.
The author suggests creating a working group which prepares ANNA, NNA and other
parties for this event.
http://www.icann.org/en/topics/new-gtlds/strategy-faq.htm#history




Matthias Jungbauer – Top Level Domain Consulting                               Page 25
Discussion Paper                             Top Level Domains for the Finance World




ANNA as enabling and driving factor

In my view the Association of National Numbering Agencies as registration authority
for ISO 6166 (ISIN) is the only entity available which best fits the requirements of
ICANN to register new Top Level Domains.


I believe that, once the word about new TLDs and about .isin is spread, a number of
data vendors, stock exchanges, numbering agencies, rating agencies and software
vendors will be happy to sponsor the development.




Matthias Jungbauer – Top Level Domain Consulting                                 Page 26
Discussion Paper                               Top Level Domains for the Finance World




Conclusion

The author has been following the developments of new Top Level Domains for the
last five years and he also worked in the finance i ndustry for the last five years.


Now there are indications that new Top Level Domains can be registered within the
next 24 months and new internet based services of the finance world could start
within 3 to 10 years..


As a member of a to be formed Working Group,
I would like to make a contribution to the industry and prepare ANNA for the new
gTLD program.


For the moment, I would not run into a decision.
But collect as much information as possible.


The author also wishes to convince SWIFT of registering .BIC and .MIC




Matthias Jungbauer – Top Level Domain Consulting                                   Page 27
Discussion Paper                             Top Level Domains for the Finance World




Glossary

ANNA
       Association of National Numbering Agencies
ISO
       International Organization for Standardization
ISO 6166
       See ISIN
ISO 9362
       See BIC
ISO 10383
       See MIC
MIC
       Market Identifier Code
BIC
       Bank Identifier Code
ISIN
       International Securities Identification Number
SWIFT
       Society for Worldwide Interbank Financial Telecommunication
DNS
       Domain Name System
TLD
       Top Level Domain
HTTP
       Hypertext Transfer Protocol
HTML
       Hypertext Markup Language
URL
       Uniform Resource Locator
W3C
       World Wide Web Consortium

Matthias Jungbauer – Top Level Domain Consulting                            Page 28
Discussion Paper                           Top Level Domains for the Finance World

IETF
       Internet Engineering Task Force
RFC
       Request for Comments
RFC 2616
       See HTTP
TCP
       Transmission Control Protocol
UDDI
       Universal Description Discovery and Integration
XML
       Extensible Markup Language
OASIS
       Organization for Advancement of Structured Information Standards
WSDL
       Web Services Description Language


SOAP
       Simple Object Access Protocol




Matthias Jungbauer – Top Level Domain Consulting                          Page 29

								
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