From the perspective of how it works, some lenders control the decisions centrally, sir; for other lenders, it's decentralized. It could be a branch manager, it could be a mortgage specialist, or it could be a mortgage broker. Whoever puts out the product that makes sense for that particular clientele is where the value proposition would be.
If I may, an earlier question came up about the value of additional competition. If we go back in history, at one time CMHC would have had 100% of the market; by virtue of competition, Genworth is now at 30%.
Speaking for AIG United Guaranty, it's our belief that new players will need to work hard and will need to be innovative, but at the end of the day we expect to be successful.