Performance Security Guarantee
A Performance Security Guarantee encourages your bank to forego the collateral usually required when they post a contractual guarantee on your behalf. We provide a 100 per cent guarantee to your bank. If you regularly post guarantees, we can set up an Account PSG.Qualification
In evaluating applications we assess a number of factors—among them:
- managerial, technical and financial capabilities;
- contractual terms;
- bonding or guarantee instruments;
- the conditions and economic outlook in your customer’s country, and the customer’s profile;
- Canadian exports of goods and services, or other significant benefits to Canada.
Cost
Pricing is based on a number of factors including policy liability, policy duration, exporter risks and contract-specific risk factors.
Claims
As a customer, if you encounter a collection problem, we have a simple and effective claims process. Claims forms are available in EDC Direct.
Apply
Bonding Forms
More information
Brochure (PDF Format)
Call 1-866-283-2957 weekdays between 8 a.m. and 6 p.m. EST or submit an inquiry online.
Important Information
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.
