Thank you, Mr. Chair.
I see an expense of $275 million for PPP Canada Inc. I thought that, under GAAP, generally accepted accounting principles, when the federal government invests in its own structures, you just indicate the amortization. It is just as if you lent a sum of money and you had loan guarantees that made you certain of getting it back. You don't have to show it as an expense.
Does this mean that you have written off $275 million? Is that question too specific?