for single name credit derivatives, the credit derivatives purchased must be on a reference name which ranks pari passu with or is junior to the underlying reference obligation of the written credit derivative and a credit event on the senior reference asset would result in a credit event on the subordinated asset;

Ms. Mandal: I'm not sure that the intention behind introducing the financial benchmarks amendments was necessarily to tie it to the OTC derivatives amendments or the derivatives amendments.

An 80 % offset will be applied when the value of two legs always move in the opposite direction and where there is an exact match in terms of the reference obligation, the maturity of both the reference obligation and the credit derivative, and the currency of the underlying exposure.

In the Boundary Waters Treaty, article 3 provides that the IJC is to approve diversions that, in the key words, “affect the level or flow of.waters on the other” side of the boundary.If you look at the approach that Bill C-6 has taken to that issue, it clearly references the treaty; it deems any diversion of water from the lakes to have that consequence, thereby invoking the jurisdiction of the IJC.

In that sense, I'm sure you will understand that for a party like ours—and I know Bernard made reference to Bill C-20, the Clarity Bill—that has done battle with the federal government with respect to the way the federal government intends to behave if there is a referendum on Quebec sovereignty and its determination to interfere in a process that comes within the exclusive purview of the Quebec nation, in terms of its right to determine its collective future and, as he mentioned, the way it wants to carry out that process, this is certainly a very sensitive issue.

- where fishing is conducted using anchored floating nets and drift nets, to use more than 600 nets at once per vessel, the length of each net not exceeding 35 metres measured in the gear's headrope.