That's an excellent question, and thank you very much for giving me the opportunity to put that on the record. We actually attended a meeting on Friday, March 6. It was an all-day meeting at which there were 125 participants representing BDC. BDC has been charged by the Government of Canada to oversee and handle this project with regard to the Canadian secured credit facility.
The C.D. Howe Institute has been retained to gather information from all of the various stakeholders, including BDC, Industry Canada, and industry stakeholders in order to put in place the kinds of mechanisms you are suggesting now need to be in place. So there will definitely be oversight. The government has taken very aggressive steps in making sure these funds are not only properly utilized but that the creditworthiness of the paper that will be considered for purchase is as was presented in the initial presentations we made.
The concept will only deal with a triple-A credit paper, which, after analysis, has less than a 1% of 1% default rate. And there are built-in profit margins there that will benefit the Government of Canada.