That's a wonderful question. Point two in Ernie's opening comments talked about establishing a commercial paper program. The purpose of any loan is to get the interest rate as low as possible so the repayments from the first nations communities are as low as possible, which means every dollar will go further.
A commercial paper program needs three things. It needs credit ratings. FNFA can get those. It needs clients. FNFA can get those. The third thing it needs are investors to buy the commercial paper program, which are short-term loans borrowed every month. If COVID-19 persists and investors are not stepping up to buy either FNFA commercial paper or provincial commercial paper, we would look to the Bank of Canada to be a buyer of last resort.
It's not a grant. They would buy it as an investment and be paid interest. A commercial paper program would save all our members 1% from today. We're already below bank prime on our loans. We would go 1% further below bank prime, so the dollars would go further. We simply need support to make sure our commercial paper program has end buyers in today's markets.