Re: [Debconf-team] non-CHF sponsorship
I say *if* we do anything here, then option C without any hesitation.
IE: We have to plan to raise a bit more money to cover any currency
fluctuations. We can not put onerous conditions on our sponsors. (And
by onorous, I mean asking them to contribute on an accelerated
timeline that doesn't match their budgetary schedules and/or dealing
with foreign exchange requirements. Most small - medium sizes US
companies only deal in USD, and keep their books in USD. We need to
make sponsorship easier, not harder.)
That said we still have a ways to go before we have raised enough
funds to cover our expected costs, excluding currency fluctuations, so
I don't feel this is a priority at all. (Now)
-Brian
On Mon, Nov 19, 2012 at 1:11 PM, Daniel Pocock <daniel@pocock.com.au> wrote:
>
>
>
> There was some discussion on #debconf-sponsors about sponsors wanting to
> pay USD instead of CHF.
>
> If a sponsor is saying this, it probably means they don't want the
> uncertainty of exchange rates hitting their budget. So if a large
> sponsor can't afford that uncertainty, can DebConf?
>
> I'd propose that if such agreements are going to be accepted, then it
> would be on one of these conditions:
>
> a) the sponsors pay all the money immediately so we can convert to CHF
> using current exchange rates
>
> or
>
> b) SPI or somebody else lends DebConf the USD amount for immediate
> conversion to CHF, and then the loan is repaid when the sponsor gives
> the USD money in future
>
> or
>
> c) the budget needs to include an exchange rate buffer, maybe 30% or
> even 50% of any foreign currency amounts that are unpaid. So if there
> is $US50,000 coming in July, we only count that as CHF 35,000 in the
> revenue forecast
>
> or
>
> d) sponsor must sign a contract for CHF amount
>
> _______________________________________________
> Debconf-team mailing list
> Debconf-team@lists.debconf.org
> http://lists.debconf.org/mailman/listinfo/debconf-team
Reply to: