Thank you very much for the question. I appreciate that.
CCC is contracting and procurement. BDC is financing and risk products; we're contracting and procurement.
We work for foreign governments to help them buy things in Canada by either acting on behalf of Canadian exporters to sell products to foreign governments or helping advise foreign governments on how best to procure things in Canada.
Sometimes I say we're like the international Public Works. Public Works contracts for the Canadian government when it's buying things; we work with foreign governments to help them contract and procure. We do that in very specific markets, because in general exporters should be able to do contracting and foreign governments should be able to do contracting and procurement themselves.
Of our two focuses, one is defence, because the nature of the business and the nature of the product is very government dominated, very sensitive kinds of products. We work in defence, government-to-government defence contracting, and in developing countries. And I really mean developing countries, countries that don't have the capacity to undertake complex procurements.
Maybe it's best to illustrate it through an example: we're currently contracting on behalf of Acon, a Canadian supplier, to build an airport in Quito, Ecuador. We're the contractor. We subcontract with Acon. We have a relationship with the Government of Ecuador to secure that contracting. EDC is providing part of the financing to the project and providing many of the risk products. They're providing risk products for the export transaction, they're providing financing for the export transaction, and we provide the contracting and procurement mechanism where necessary. We fit in very specifically in contracting and procurement.