Thank you, Mr. Chairman.
While the focus is on the new powers that would give EDC the ability to participate more fully in the domestic market, EDC is not a stranger to doing it. In fulfilling our mandate of helping companies in their international trade objectives, very often the best way to help them is right here in Canada, with pre-shipment financing or with their bonding—all things that help create domestic credit for them. We already have an established set of products and an established set of programs, working with banks and working directly, and we're not prohibited, even without the legislation, from doing more of that. We have a degree of confidence in this already.
The legislation will allow us to engage in a more unfettered manner. At the same time, we're not there to displace the banks. We want to keep the banks as engaged as possible, because these powers are intended to be temporary. At some point it's expected that EDC will no longer be active in that space and will go back to a more normal state. We also don't want to unduly overlap with, say, somebody like BDC, which is in that space, particularly for small and medium-sized enterprises, so we're talking very closely with them.
The manner in which we intend to provide our capacity, as I said before, is in many cases by way of reinsurance. Instead of trying to compete with the private market, it's by bolstering the private market, giving them added capacity, and letting them use their client relationships and their delivery vehicles to get that capacity into the market.