Certainly, Mr. Hoback.
The current system is what I call a silo system. Every licensee has to make security available in the name of the Canadian Grain Commission. It's not money we have on deposit, but money that is set aside through bonds or other financial instruments for the Canadian Grain Commission should they be unable to pay producers. They have to cover off their exposure to producers at any particular time. The entire producer liability in July could be a substantial amount.
They have to do all the paperwork and all the accounting to provide us with monthly liability statements. There's the cost of providing these bonds. I shouldn't say bonds, because there are a lot of things besides bonds. If you add together all the value of these instruments, over $600 million is tied up at the present time. They haven't paid us $600 million, but it's tied up. It's capital they can't use to grow their business. There's no basket approach. There's no insurance component to this at all. It's costly, and it's an administrative nightmare for them. It's a lot of work for us. We have to go through all those statements.