Export development Canada
  • Français
  • MyEDC Account

    • Manage MyEDC Profile
    • MyEDC dashboard
    Log out of MyEDC

    Log in or sign up for…

    • Knowledge and advisory (MyEDC)
    • Credit Insurance
    • Portfolio Credit Insurance
    • Invoices and statements
    • Select Credit Insurance
    • Other EDC accounts
    • Contract Insurance & Bonding (EDC Direct)
    • Trade Partnership Insurance
    • Financial Institutions Risk Manager
    • Service providers
  • Contact us
  • 

    About exporting

    Seize new opportunities to grow your customer base, increase revenue and generate more profits.

    Welcome to EDC

    • Getting started
    • Diversify to new markets

    Trade expertise for

    • Cleantech
    • Black entrepreneurs
    • Indigenous Business
    • Women in trade
  • 

    Our solutions

    Manage the risks of doing business abroad and access the working capital and financing you need to grow your business.

    Managing Risks

    • EDC Trade Impact Program
    • Credit Insurance
    • Select Credit Insurance
    • Portfolio Credit Insurance
    • Performance Security Insurance

    Securing Financing

    • Investments
    • Investment Matching Program
    • Inclusive Trade Investments Program
    • Direct Lending
    • Buyer Financing
    • Structured and Project Finance

    Growing Working Capital

    • Working Capital Guarantees
    • Export Guarantee Program
    • Account Performance Security Guarantee
    • Foreign Exchange Facility Guarantee
    • Trade Expansion Lending Program
    • Surety Bonds

    Knowledge & Advisory

    • MyEDC
    • Get Export Help & Trade Advice
    • Search International Companies
    • Find Qualified Service Providers
    • Learn with EDC | FITT Lite Learning Series
    • Connect to Global Opportunities
  • 

    Country and economic info

    Research international markets and get expert insights into the trends driving global trade.

    Search by Country or Market

    • Search all countries and markets
    • Indo-Pacific market intelligence
    • Europe market intelligence
    • U.S. market intelligence

    Expert analysis and insights

    • EDC Economics: Connecting Canada to the world
    • Global Economic Outlook
  • 

    TradeInsights

    Explore our collection of learning resources designed to help you succeed in international markets.

    Browse Insights

    • Advice and insights
    • Webinars and events
    • Podcasts
    • Subscribe to receive EDC resources straight to your inbox
  • 

    About us

    Learn about Export Development Canada (EDC), a Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage.

    About our company

    • Corporate information
    • Management and governance
    • Transparency and Disclosure
    • Corporate reports
    • Newsroom
    • File a complaint

    Environmental, Social and Governance

    • ESG at EDC
    • Environment
    • Social
    • ESG Governance

    Working with us

    • Careers
    • Student programs
    • Procurement
  • Log in

    • Manage MyEDC Profile
    • MyEDC dashboard
    • Log out of MyEDC

    Log in or sign up for…

    • Knowledge and advisory (MyEDC)

    Credit Insurance

    • Portfolio Credit Insurance
    • Invoices and statements
    • Select Credit Insurance

    Other EDC accounts

    • Contract Insurance & Bonding (EDC Direct)
    • Trade Partnership Insurance
    • Financial Institutions Risk Manager
    • Service providers
  • Français

Performance Security Insurance

Protect your cash flow if a letter of guarantee is wrongfully called.

Performance Security Insurance EDC
Performance Security Insurance
1-800-229-0575
Application forms

Protect your cash flow with Performance Security Insurance

We’ll cover 95% of your insured losses if a customer wrongfully calls a letter of guarantee or if a call is triggered by you not being able to meet your obligations due to specific political risks.

Explore new markets

Dealing with customers you don’t know, in markets you don’t know, can be risky. Take on new business confidently.

Better cash flow

Put your capital to work instead of stockpiling it in case a letter of guarantee is called.

Lower costs

Minimize the impact on your liquidity if a letter of guarantee is called.

Easier access to opportunities

Be confident you can provide letters of guarantee to secure contracts.

Insure yourself in case of a wrongful call with Performance Security Insurance

Eligibility is determined by EDC based on:

  • review of the letter of guarantee
  • conditions and economic outlook in your customer’s country, and the customer’s profile

Commercial risks:

  • wrongful call of the bank instrument by the counterparty, as determined by the terms and conditions of a signed contract or bid process
  • excessive call of the bank instrument by the counterparty in an amount that exceeds what the counterparty is legally entitled to receive as a result of the customer’s non-performance under the contract

 

Political risks:

Rightful call of the bank instrument by the counterparty due to the customer’s non-performance under the contract as a result of:

  • war and related disturbances
  • cancellation or non-renewal of an export permit or import permit
  • government action subsequent to the date of issuance of the policy. including an action that prevented, restricted, or controlled any payment due to or payable by the customer with respect to the contract
  • occurrence outside of Canada of any act of God
  • amounts relating to unresolved commercial disputes between the customer and the counterparty

If this is your first application for Performance Security Insurance, please complete all three forms. Send your completed application forms to tradeadvisor-conseiller@edc.ca.

If you are a current Performance Security Insurance customer, please complete the application for single transaction support (below). Send your completed application form to your account manager.

 

Customer Profile and Consent Form (PDF)

Application for Single Transaction Support (PDF) (Word)

Guarantee Products and Other Insurance Declaration and Indemnity (PDF)

 


 

Still have questions about Performance Security Insurance?

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

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.

Date modified: 2017-09-28

I consent to receive regular trade insights, as well as information about EDC solutions and events. I can withdraw my consent at any time by unsubscribing to any such message.

Sorry, our system is temporarily unavailable. Please try again later.

Thanks for subscribing

You’ll get our latest trade intelligence right to your inbox.

For partners and investors

  • Investors
  • Canadian financial institutions
  • Insurance brokers

Communities

  • Our alliances
  • Newsroom

Have questions?

  • Contact us
Government of Canada EDC Homepage
Export Development Canada
  • Privacy and Cookie use
  • Legal
  • Accessibility