EDC Toolkit

EDC offers a wide range of trade finance solutions to Canadian companies and their customers abroad. The following summary is intended to act as a guide. Visit us online at www.edc.ca or call a small business representative at 1-888-332-9398, weekdays, 8 a.m. to 6 p.m. EST.

Insurance

Are you sure your U.S. or foreign customer will pay?

Don’t risk it. Get EDC Accounts Receivable Insurance and we’ll cover up to 90 per cent of your losses if your customer doesn’t pay.

Do you know what the future holds for your investments abroad?

Use EDC Political Risk Insurance and protect your investments abroad from unforeseen political and economic upheaval. We’ll cover up to 90 per cent of your losses.

What if my buyer calls my bond even though I didn’t do anything wrong?

Protect yourself with EDC Performance Security Insurance which covers 95 per cent of your losses on a wrongful call or a call resulting from events outside your control, such as war.

For information on these and other insurance products, visit www.edc.ca/insurance.

Working Capital

Do you need access to more financing?

By providing a guarantee to your financial institution through our Export Guarantee Program, we can help you access additional financing for export-related activities and/or foreign ­investments.

Do you need protection against currency fluctuations?

Do you purchase forward contracts from a financial institution to protect your cash flow against currency fluctuations? EDC’s Foreign Exchange Facility Guarantee (FXG) can help. FXG frees up your working capital by foregoing a financial institution’s requirement to put up to 15 per cent collateral on forward contracts.

With FXG, you can pay your suppliers up front without fear of losing money due to currency fluctuations.

For information on these and other working capital solutions, visit www.edc.ca/wcs.

Online Services

Will your customer pay?

Get a credit profile for as little as $30 with EXPORTCheck. We have more than 100 million companies in our database. www.edc.ca/exportcheck

Looking for information on export finance?

The EXPORTFinanceGuide centralizes information about the financing tools and services available for Canadian exporters at various stages of the transaction cycle. www.edc.ca/efg

Want some market insight that will actually help you make a decision?

Check out EDC’s Country Information – economic reports that monitor political and economic events and gauge opportunities in more than 200 markets. www.edc.ca/e-reports

Online Solutions Advisor

EDC’s Online Solutions Advisor gives you fast and convenient access to information about which of our solutions may help you. Take a few minutes to answer questions about your export status, and get a diagnostic summary outlining potential EDC solutions available for your exporting needs. www.edc.ca/advisor

Are you ready to enter the export market?

Test your readiness by completing EXPORTAble?, an online questionnaire to help you prepare for your entry into foreign markets. www.edc.ca/exportable

Financing

Want to turn your export sale into a cash sale?

EDC offers a range of financing solutions for foreign buyers of Canadian capital goods and related services. Generally, our financing solutions provide one- to 10-year coverage for up to 85 per cent of the value of your sale.

EDC also has pre-arranged Lines of Credit with foreign banks, institutions, and purchasers under which foreign customers can borrow the necessary funds to purchase Canadian capital goods and services.

In partnership with Northstar Trade Finance, EDC can also provide fast and efficient medium-term foreign buyer financing for smaller capital goods export transactions. www.northstar.ca

For information on these and other financing products, visit www.edc.ca/financing.

Bonding

What if my buyer demands a bond?

You can get bonds issued by either your bank (standby letters of credit or letters of guarantee) or a surety company (surety bonds). EDC can help you get those bonds by issuing a guarantee to your bank or by providing up to 100 per cent reinsurance to your surety company.

For information on these and other working capital solutions, visit www.edc.ca/bonding.