In 2001, Verisign proposed the implementation of the Waiting List Service ([[WLS]]) to ICANN. Based on its proposal, the WLS will provide registrants the opportunity to reserve their preferred domain names that are currently registered by other subscribers for one year. Registrars that are willing to accept domain name reservations from registrants under the WLS service will directly transact with Verisign. A domain name will only be transferred to an individual who made the reservation if the original owner submitted a request to delete the domain name. Verisign proposed a $35 fee for the service.<ref>[http://archive.icann.org/en/meetings/bucharest/vgrs-wls-proposal-30dec01.pdf Domain Name