Eligibility is determined by EDC based on:
- the managerial, technical and financial capabilities of your company
Foreign Exchange Facility Guarantee
Protect yourself against foreign exchange risk without locking up your capital.
Protect your margins with the Foreign Exchange Facility Guarantee
Predictability of margins
Fluctuations in exchange rates can make it a challenge to budget up-front costs or revenues in foreign currencies. Secure your exchange rate without putting up capital, and protect your margins.Easier access to opportunity
Increase your borrowing capacity by keeping more working capital in your business — and go after more contracts.Cash protection
Avoid the financial pain of having to pay your foreign exchange contract provider if they incur losses you can’t cover.Make budgeting easier
Locking in the exchange rate in advance will give you comfort when setting up your product prices and will increase the predictability of your cash flow.
Benefit from easier access to FX risk management with the Foreign Exchange Facility Guarantee
- foreign exchange derivative contracts, with a duration up to three years
EDC is dedicated to supporting Canadian businesses during the COVID-19 pandemic. We’re adjusting the Foreign Exchange Facility Guarantee (FXG) as part of the $65-billion federal Business Credit Availability Program (BCAP):
- From now until September 2020, payment of new FXG fees will be paused for six months, giving some short-term relief to your business.
We use EDC’s Foreign Exchange Guarantee, which allows us to develop our markets without having to worry about currency risks and also provides pricing stability for our customers.
Product
Seaweed-based products
Key foreign markets
Asia, Latin America, United States
Years in business
35
Questions about our financial solutions?
If you’re new to EDC, 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.
If you’re an existing customer, please contact your EDC account manager about any additional support you need.