Thank you for the question.
With respect to the Canada Emergency Business Account, our role is indeed that of a government administrator. We are the ones who put in place the documentation with the financial institutions and ensure that the funds are transferred to them according to the standards set out in the program.
In the case of the Business Credit Availability Program, our role is that of guarantor. The financial institutions provide a loan, and Export Development Canada, or EDC, guarantees 80% of the loan.