Thank you. I'd be glad to respond. And perhaps Mr. Halde, who is participating in the consultations at least as much as I am, will add something. We'll see.
The organizing principle of the facility is that it's going to purchase securities. They are called term asset-backed securities. These are pools of loans or leases secured by vehicles or equipment.
We want the facility to have a near term and significant impact on access to credit in the market—on which we had a question earlier. These will be loans or leases where the underlying clients will potentially be households, and potentially firms as well.
We also want to design the facility in such a way that it will help, if at all possible, to restart the securitization market and to return financing from this area more to the private sector than the public sector. And to the extent possible, we want to design the facility in a way that it reduces the likelihood of a future episode like this, where the government is obliged to step in to reduce the severity of these episodes. We don't want these considerations to slow down the facility unnecessarily, but want it to have a significant impact in the near term.