Performance Security Insurance
Bonds: a fact of international business
If a guarantee that your bank issued on your behalf is called for no valid reason, you will have to come up with funds to reimburse the financial institution. Depending on the type of guarantee, our PSI insurance could help protect you from having to reimburse this amount.
In evaluating applications, we consider a number of criteria, including:
- acceptable contract terms;
- acceptable guarantee instruments;
- your foreign customer’s profile and both current and future economic conditions in their country;
- acceptable Canadian exports of goods and services; and
- benefits to Canada derived from your export activity.
Pricing is based on a number of factors including policy liability, length of policy and, customer and country morality risks.
The above information describes, in general, EDC services and is not a commitment to provide them. Only the documentation supplied by EDC, in connection with any transaction, provides the full detail and terms and conditions.
Protect your assets. Uncover the opportunities.
Get coverage against a range of risks resulting from unpredictable events that could threaten your overseas investment.
Political Risk Insurance
Manage your policy on EDC Direct
Keeping Corruption Out
How much do you know about your risks of breaking the law?
Learn more through our anti-corruption program.