Thank you.
Yes, that paragraph you're referring to relates to the financing side of EDC. EDC is both, if you like, a bank and an insurance company. And it's true that easily two-thirds of the trade that we support uses our insurance products, but the other third or so uses our financing products.
In the financing, most of our loans are to foreign buyers or to foreign projects where we therefore finance the purchases from Canada of exports, so we're lending, but the obligor is the foreigner.