We have established factoring arrangements with financial institutions that can help you discount your trade receivables which can, in turn, free up your working capital.
With our Accounts Receivable Insurance in place, banks may be willing to purchase some or all of your receivables for cash, knowing they are protected should your customers fail to pay.
We have arrangements with the following financial institutions:
Accord Financial Inc.
Export Ease Plus adds factoring or export receivables discounting to the Export Ease program between Accord Financial Ltd and us. For more details, contact Accord at 1-800-231-2977.
Accord Financial Ltd
Along with Accord Financial Ltd we offer Export Ease, an all-inclusive package that combines the receivables management expertise of Accord
with our accounts receivable insurance services. Contact Accord at 1-800-967-0015
BNP Paribas SA
We insure foreign receivables factored by BNP Paribas (Canada)
. For more information, call 514-285-2935
, or 514-285-6110
offers the Brome Accounts Receivable Policy, an all-inclusive package that combines their receivables management expertise with our accounts receivable insurance services. Contact Brome at 1-888-878-9485
Commercial business members can increase their working capital when they purchase a foreign receivables factoring service offered by Desjardins
and insured by us. Contact your Desjardins Business Centre for details, or call 1-800-508-2874
Our customers can approach Exportbank
for factoring of receivables. Exportbank will take over your receivables and pay you today, freeing up your capital and giving you the cash-flow you need to run your business. It's fast, easy, and tax-deductible. Call Exportbank at 1-800-249-6284
, with the support of our Insurance, provides a trade invoice non-recourse financing facility aimed at business clients to enhance their ability to grow their international export sales, obtain quicker access to working capital and liquidity through their own receivables base. Contact the nearest HSBC branch or local relationship manager for details.
Maple Trade Finance
Our customers can increase their cash flow by factoring their EDC-insured foreign invoices to Maple Trade Finance
. For more information on this invoice discounting program, call 902-444-5566
National Bank of Canada
We have an insurance policy with NatExport (the factoring facility of the National Bank of Canada
) under which all of the accounts receivables discounted or factored by NatExport are insured. Contact your local National Bank of Canada Account Manager for details.