• To make available to the financial community a new top level domain exclusively dedicated to the

• corporations and
• professionals operating in the finance sector

• To target the financial community at large

• banks
• insurance companies etc.

• To allow better categorization, which is an essential need for the future of the DNS

• Being a restricted name domain, to introduce more security than .com for

• customers and
• operators of the financial sector

• as a small banking association it took the initiative to act within the time frame of the application process

• it responded ICANN’s invitation to submit an application even though the ultimate sponsoring organization “has not yet been formed” (in the words of the application form)

• it submitted a plan to form the sponsoring organization

• it found difficulties to give accurate and thorough answers without limiting the necessary range of choices which the future organization will consider

• for this application and others that are similarly situated

• for a period of time ending at the end of June 2001

In the interests of fairness to those applicants who have invested substantial time and efforts, we further believe that an extension of the application process is more fair than a completely new application process.
 
 

• to allow the creation of a group of internationally recognized associations in the financial sector to participate in the process of foundation of the Sponsoring Organization

• to approach especially those entities that filed objections to this application

• to demonstrate that our initiative was not intended to exclude anybody from participation, but rather to insure that all legitimate representatives of the global financial sector are fairly represented

• to enable the representatives of the financial sector to develop specific qualifications and standards for the .FIN TLD