Financial/Capital / Insurance
Export Development Canada (EDC) is a government agency providing financial and risk management solutions to support Canadian businesses' international trade endeavors. Established in 1944, EDC offers a range of services, including export financing, insurance, bonding, and market expertise. It aims to enhance Canadian companies' competitiveness globally by mitigating risks associated with exporting and investing abroad. Through its comprehensive suite of services, EDC plays a crucial role in advancing Canada's global trade interests.
1. Export Financing: Guarantees to banks for them to offer financing solutions tailored to exporters' needs. EDC has the ability to do direct lending or participate in club or syndicate deals. 2. Export Credit Insurance: coverage against non-payment by foreign buyers. 3. Bonding and Guarantees: helps issue bid bonds, performance bonds, and other guarantees or stand-by letters of credit to help companies compete for and fulfill international contracts. 4. Foreign Market Expertise: market intelligence, insights, and advisory services to help identify and pursue export opportunities. 5. Equity Investments: support expansion into global markets or to facilitate foreign direct investments. 6. FX Risk Mitigation: solutions to help Canadian Exporters mitigate currency risk in International Trade Transaction. 7. Trade Advocacy: to address trade barriers, promote free trade agreements, and enhance market access opportunities globally. Overall, EDC's products and services aim to mitigate risks, provide financing, and offer support to Canadian businesses as they navigate the complexities of international trade and expand their presence in global markets.