The onboarding period for EDC BCAP Guarantee ended on Dec. 31, 2021.

EDC Business Credit Availability Program (BCAP) Guarantee

Risk sharing

     

The onboarding period for the EDC Business Credit Availability Program (BCAP) Guarantee ended on Dec 31, 2021. You can go here to review other EDC solutions that may be available to your clients.

If you have an existing BCAP customer, as of Dec. 31, 2021, your EDC BCAP Guarantee coverage will continue for up to five years from the loan signing date. Please contact EDC should you have any questions.


 

Frequently asked questions

What financial institutions need to know about the EDC Business Credit Availability Program (BCAP) Guarantee.

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Find the right solution for your client


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Account Performance Security Guarantee

Your customer has bonding requirements in the form of standby letters of credit or letters of guarantee, but doesn’t want its cash reserve or credit line to be impacted by the collateral required to cover your risks. Our Account Performance Security Guarantee provides a 100% irrevocable and unconditional guarantee if the bonds are called, helping you meet your customers’ needs without squeezing their operating lines.

Foreign Exchange Facility Guarantee

Your customer wants to hedge foreign exchange risk, but doesn’t have the collateral you require to set up a foreign exchange facility. Our Foreign Exchange Facility Guarantee provides a 100% irrevocable and unconditional guarantee of the collateral security amount required for the settlement risk, helping you meet your customer’s needs without squeezing their operating line.

Export Guarantee Program

Your customer needs more financing, and you need to know your risks are covered. Our Export Guarantee Program is a flexible, senior-secured, risk-sharing guarantee that can give you the comfort you need to provide the additional financing they require.

EDC Credit Insurance

Your customer wants to borrow against their receivables, but you are concerned about the risk. EDC Credit Insurance allows you to include those receivables in their borrowing base or operating line because 90% of their losses are covered against a variety of commercial and political risks.

 

 

Have questions on our solutions for financial institutions?

Please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us an email and we’ll get back to you as soon as possible: bankchannel@edc.ca.