Partnering with Canadian Financial Institutions

Accounts Receivable Insurance - just one of the EDC solutions that help financial institutions serve their customers. When the customer assigns the proceeds of the policy to the financial institution, the claim is paid to the financial institution.

By working in partnership with Canada’s banks and financial institutions, collectively we are able to increase the financial capacity available to Canadian businesses looking to grow their international sales or invest in other markets.

We build additional capacity by:

providing a range of financial services including loan and contract bonding guarantees, shared financing and insurance programs;
developing risk-sharing agreements that give banks confidence to extend more financing to Canadian businesses involved in international trade and investment. The guarantees cover most - if not all -of the bank’s losses should a problem occur.

In 2008 EDC supported $14.1 billion in business in partnership with financial institutions; this represents a 20% growth over 2007, and the beginning of a trend that is expected to continue.

This section provides specific EDC information and resources for the Canadian financial institutions community.