Thank you.
We have some preliminary information from the financial institutions. I just want to put in parentheses here that this program was launched last Thursday. We are now at day five, I suppose, in terms of the program window being open.
We've had conversations with the financial institutions about what they're seeing in this regard. We've heard that the percentage of those getting rejected is not very high overall. If I were going to put a number to it, it would be somewhat below 10%. In part I think it reflects the simplicity of the selection criteria.
Why are they getting rejected? About half of them are getting rejected because of fraud. There may be a flag against a party who is seeking an application, which causes it to be rejected. Others may not have met other parameters that are part of the application.
It is an area where we are going to drill in and make sure we understand it as best we can.