page 71 Bombardier Inc. Annual Report 2003-04 period of time. A significant portion of these commitments is either supported by firm  contracts with customers or is mitigated through risk sharing arrangements with  suppliers. Although there are no plans to do so, if any of the Corporation’s aerospace programs or long-term contracts were to be terminated, the Corporation would be exposed to poten- tially material termination costs. These commit- ments, as well as long-term commitments related to regular purchases of raw materials, are not included in the preceding table. The Corporation considers that its current credit facilities, as well as expected capital resources, will enable the implementation of investment programs, the development of new products, the pursued growth of its activities, the payment of dividends and other expected financial requirements. The following table summarizes BC’s obli- gation to make future payments on long-term debt, lease obligations and other obligations as at January 31, 2004, as well as the expected timing of these payments. Obligations maturing in fiscal year 2005 are expected to be repaid out of BC’s liquidities. BC has no committed bank credit facilities, bank loans, or other credit facilities maturing in fiscal year 2005. A $600-million US ($796- million) committed bank line matures in fiscal year 2006. Committed short-term borrowings of $527 million, related to securitized floorplan activities, matures in fiscal year 2005. The Corporation expects the securitized floorplan facilities to be renewed at similar commitment levels and under existing conditions. During fiscal years 2004 and 2003, BC’s activities on the securitization market in con- nection with the inventory finance portfolios were as follows: BC LESS THAN 1 TO 3 4 TO 5 TOTAL 1 YEAR YEARS YEARS THEREAFTER Medium-term notes,  notes and other $4,019 $1,056 $1,068 $1,130 $ 765 Securitized floorplan 1,274 80 1,194 – – Operating lease obligations (1) 1,532 91 211 169 1,061 $6,825 $1,227 $2,473 $1,299 $1,826 (1) Includes sale and leaseback and operating lease obligations discussed in note 24 to the Consolidated Financial Statements. TOTAL U.S. DOLLAR AMOUNTS CURRENCY DRAWN RENEWAL COMPONENT MATURITY Balance as at January 31, 2002 $1,891 Renewed – Conduits: – $140 – Aug. 2003 – 234 150 Oct. 2003 – 234 150 Oct. 2003 – 666 427 Aug. 2003 Increased – Conduits: 80 – June 2004 66 50 Oct. 2003 Effect of foreign currency exchange rate changes 52 Balance as at January 31, 2003 2,089 Renewed – Conduits: – 140 – Aug. 2004 – 198 150 Oct. 2004 – 198 150 Oct. 2004 Issued – Public asset-backed securities  554 400 Aug. 2005 646 500 Dec. 2005 Decreased – Conduits: (139) (105) Oct. 2004 (145) (110) Oct. 2004 (80) – June 2004 Repaid – Conduits: (592) (427) Aug. 2003 (540) (400) Sept. 2003 Effect of foreign currency exchange rate changes (211) Balance as at January 31, 2004 $1,582