Madam Speaker, the process is that I sign a bunch of notes, some for CIBC, some for Royal Bank, and I have those transported over to the Department of Finance. The money managers over there use them as they see fit and where they can get the best rate for short-term borrowing.
The criteria that the bank uses for us I am not aware of, Madam Speaker. I can only say to this House that we don't have to go to the bank on bended knee and pledge our lives and lay everything on the line. It's just an automatic thing that our money managers go to the bank and say here are some notes, we would like some money, and we get it. So, I think that's the procedure with short-term borrowing.
If we were to be looking at the purchase of some large asset, or if we were to be looking at some long-term borrowing, then I think we would be there having to pledge and have collateral, et cetera. But, for short-term borrowing I don't know what criteria the bank uses, but they are certainly not onerous, they consider us a good risk. We haven't had any problems in the past and I don't anticipate any this time, Madam Speaker. Thank you.