Factoring
We have established factoring arrangements with financial institutions that can help you discount your trade receivables which can, in turn, free up your working capital.With our Accounts Receivable Insurance in place, banks may be willing to purchase some or all of your receivables for cash, knowing they are protected should your customers fail to pay.
We have arrangements with the following financial institutions:
Accord Financial Inc.
Export Ease Plus adds factoring or export receivables discounting to the Export Ease program between Accord Financial Ltd and us. For more details, contact Accord at 1-800-231-2977.
Accord Financial Ltd
Along with Accord Financial Ltd we offer Export Ease, an all-inclusive package that combines the receivables management expertise of Accord with our accounts receivable insurance services. Contact Accord at 1-800-967-0015.
BMO - Bank of Montreal
BMO's receivable purchasing solution, backed by an EDC policy, is a tool that allows you to finance your company's growth while outsourcing tasks related to managing foreign risks as well as receivable monitoring and collection activities. For additional information, call BMO at 514-282-5938 or visit them online.
BNP Paribas SA
We insure foreign receivables factored by BNP Paribas (Canada). For more information, call 514-285-2935, or 514-285-6110.
Brome Financial Corporation
Brome Financial Corporation offers the Brome Accounts Receivable Policy, an all-inclusive package that combines their receivables management expertise with our accounts receivable insurance services. Contact Brome at 1-888-878-9485.
Desjardins
Commercial business members can increase their working capital when they purchase a foreign receivables factoring service offered by Desjardins and insured by us. Contact your Desjardins Business Centre for details, or call 1-800-508-2874.
Exportbank
Our customers can approach Exportbank for factoring of receivables. Exportbank will take over your receivables and pay you today, freeing up your capital and giving you the cash-flow you need to run your business. It's fast, easy, and tax-deductible. Call Exportbank at 1-800-249-6284.
HSBC
HSBC, with the support of our Insurance, provides a trade invoice non-recourse financing facility aimed at business clients to enhance their ability to grow their international export sales, obtain quicker access to working capital and liquidity through their own receivables base. Contact the nearest HSBC branch or local relationship manager for details.
Maple Trade Finance
Our customers can increase their cash flow by factoring their EDC-insured foreign invoices to Maple Trade Finance. For more information on this invoice discounting program, call 902-444-5566.
National Bank of Canada
We have an insurance policy with NatExport (the factoring facility of the National Bank of Canada) under which all of the accounts receivables discounted or factored by NatExport are insured. Contact your local National Bank of Canada Account Manager for details.
More Information
Call 1-866-283-2957 weekdays between 8 a.m. to 6 p.m. EST
Submit an inquiry online
Other ways we serve you
We have flexible financing options to help you build successful trade relations and comprehensive insurance solutions to protect your business while it grows.
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.
