Financial Security Guarantee (FSG) – How to Apply
The exporter completes the Application and Indemnity form, which is forwarded to EDC with any supporting documentation (e.g., copy of the guarantee, the exporter’s financial statements and the bank’s term sheet); EDC underwrites the request and, if approved, issues a letter of offer to the bank; The bank arranges to pay the FSG fee, either directly or through the exporter; Upon receipt of the FSG fee, EDC issues the Effectiveness Notification to the bank.