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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.
What financial institutions need to know about the EDC Business Credit Availability Program (BCAP) Guarantee.
Find all the forms you need for the EDC BCAP Guarantee here.
Make sure you’ve completed all the necessary steps
EDC BCAP Guarantee client declaration and acknowledgement form
EDC BCAP Guarantee waiver form (if there are corporate or personal guarantors)
Form that the FI must fill out to make the EDC BCAP Guarantee effective
EDC BCAP Guarantee amendment form
EDC BCAP Guarantee notice of intent to enforce form for residual demands
EDC BCAP Guarantee notice of demand form for upfront demands
EDC BCAP Guarantee demand details form for residual demands
EDC BCAP Guarantee demand details form for upfront demands
EDC BCAP Guarantee subrogation and release form
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.
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.
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.
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.