Subcommittee on International Human Rights committee  As it relates to existing customers, that's a very different type of relationship, and that's what I was speaking about with respect to monitoring. Then it's a very different situation and that gets us into the discussion that the professor was mentioning around leverage and reme

Subcommittee on International Human Rights committee  If I were to reframe your question, it's really around the due diligence practices of EDC, perhaps with a specific focus on supply chains. This is a framework and approach that EDC has continued to evolve over the years. As I mentioned in my opening remarks, it's one that has be

Subcommittee on International Human Rights committee  Good evening, Mr. Chair and honourable members of the committee. Thank you for your invitation. The focus of your conversation concerns the role and powers of the Canadian ombudsperson for responsible enterprise. I welcome this opportunity to provide additional context for the

Finance committee  The area of tourism and hotels is not one that EDC has focused on a lot in the past with our exporting mandate. It's not a sector at which I would say we are sufficiently sophisticated. I do know, participating as part of team Canada with both ISED and BDC, which are more invol

Finance committee  We were very careful, Mr. Julian, when we struck the program to make sure that it was complementary and that it was bringing the private sector along. It's not a 100% guarantee that it is for new funding, and to actually get the guarantee the banks have to extend new credit and t

Finance committee  Yes, absolutely. With regard to uncontrollable events, we have very specific insurance policies and insurance agreements. We try to simplify those as much as we possibly can. In fact, we've developed an online product, and for some of our smaller customers who just need to know i

Finance committee  We have actually been working with our clients on issues such as this, where goods have not been received...or, sorry, have not been able to be delivered, just because of closures of borders, etc. Those are all examples of where we will work with the policyholder to make sure we

Finance committee  I apologize, but I don't have that with me. When you say “paid out”, I assume you mean the claims that we have actually paid on our insurance program.

Finance committee  Okay.

Finance committee  This would be a specific term and condition of a legal agreement. We would continue to monitor the companies we have relationships with, as would the banks with respect to their agreements. I would say there is both self-monitoring and monitoring from all parties to the agreement

Finance committee  Carl, would you like to answer that one specifically?

Finance committee  It's for Mr. Winterhalt.

Finance committee  Yes, we do see ourselves as risk mitigators, whether that's by providing insurance products, which are a very traditional risk product, to ensure that people get paid, or by providing some of the knowledge products that we provide, ensuring that people have the knowledge to reduc

Finance committee  I'll let Mr. Burlock start, and then I can weigh in.

Finance committee  We have been very specific in the conditions for the BCAP guarantee to eliminate any payments in dividends or increases in CEO or executive compensation as shared by banks, etc. Those are not permissible under the program itself. With respect to dodging and transferring, it is a