Right. We would agree with that. That's why from the outset Minister de Jong made it a mission to connect with the Province of Ontario, particularly with Toronto, which is currently the financial centre in Canada. We quickly concluded with the Toronto Financial Services Alliance, the Province of Ontario, and with the federal government that the most successful platform for the RMB hub is one that truly operates on a pan-Canadian basis, one that operates coast to coast in hours of business across the country.
The hub is not a city event; it's not a one city event. Certainly ICBC is headquartered in Toronto, and the settlement and clearing centre will be based in Toronto. But ICBC is also advising that they're planning to have a dedicated team in Vancouver, which will ensure that settlement and clearing can occur during west coast hours as well.
I think that serves the success of this whole initiative, that you engage a part of the country that is trading 30% of exports for Canada. That, I think, is the intent of all the parties, which is very positive.