Is this " rendering" part of the conversion from RAW to Jpeg where colour data is first created or does it refer to input profiles that assign different chromatic values to identical file data. I guess my question is, are there two conversions, a primary conversion from RAW to JPEG where demosaicing takes place and RVB data is determined, and then a second ICC colour conversion where the file data is converted to the sRGB colour space using one of a selection of generic input profiles?