Thank you, Mr. Chair.
Thank you to the witnesses for being here today.
I have just a couple of questions. I'm interested in understanding more step-by-step how these loans get implemented.
First, when it comes to the underwriting, do you rely on the banks for the underwriting, or do you work with the banks? Do you have your own set of criteria the banks have to adhere to before you'll agree to a guarantee on a loan? If you could answer that as briefly as possible, I have a few follow-ups on this topic.