 In the summer of 2007, Henri-Paul Rousseau, then President and CEO of CDPQ had envisioned and negotiated a unique Canadian solution that consisted in converting the ABCP into long-term bonds with the major players signing the Accord de Montréal.This agreement has prevented a forced liquidation, which would have resulted in losses of CAD $20 billion.In the fall of 2008, Marc Carney's negotiation skills ensured the completion of what would be considered the largest restructuring in Canadian history.