Our Foreign Exchange Facility Guarantee gives your foreign exchange provider peace of mind knowing they are protected if you don’t pay. With this guarantee in place, you won’t need collateral when purchasing foreign exchange contracts to protect against currency risk – leaving you with access to more cash.
- Take the guess-work out of your budget forecasts by securing the exchange rate. You will know exactly the amount you’ll be paid in Canadian dollars.
- Lock in your exchange rate without having to post collateral.
Stop worrying about exchange rates
Since export sales are often invoiced in the international customer's currency, fluctuations in exchange rates can make it a challenge to budget up-front costs and accurately gauge how much you’ll end up being paid. With a foreign exchange contract, your provider agrees to lock in the exchange rate on the contract, removing the foreign exchange risk.
Free up capital to take on more business
Our Foreign Exchange Facility Guarantee encourages your foreign exchange provider to forego the usual collateral requirement by providing them with a guarantee that covers their losses in the event that you fail to honour your obligations under your foreign exchange contracts. Your funds are then available to pursue new business opportunities.
In evaluating applications, we examine your company's managerial, technical and financial capabilities.