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Overview
EDC and Scotiabank have joined forces to develop a new export financing product which will facilitate access to medium-to long-term financing for small and medium-sized Exporters.
The program establishes a facility to provide simplified access to medium-term financing, essential to foreign importers of Canadian capital goods, especially SMEs.
Under this agreement, Canadian Exporters will be able to offer financing to their prospective buyers in El Salvador, Trinidad & Tobago, Jamaica, Chile and Mexico through Scotiabank's subsidiaries in those countries.
The foreign Buyer is able to receive financing through its local subsidiary, while the Canadian Exporters are paid directly by their local Bank of Nova Scotia as the terms of the export contract are met. Goods and Services Eligibility
Support is available for capital goods sold under an export contract of minimum value equal to USD 100,000.
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