Factoring
EDC does not directly buy or discount receivables (a process known as factoring), but does help Canadian companies establish factoring arrangements with financial institutions.With EDC Accounts Receivable Insurance (ARI) in place, banks may be willing to purchase some or all of a company’s receivables for cash, knowing they are protected should their customers fail to pay.
EDC has arrangements with a number of financial institutions:
Accord Business Credit Inc.
BNP Paribas SA
Brome Financial Corporation
Desjardins
Exportbank
i Trade Finance Inc.
Jebco International Corporation
Maple Trade Finance
Montcap Financial Corporation
National Bank of Canada
TD Canada Trust
Contact Us
To learn more about Factoring opportunities, complete our contact us form or call
1-866-283-2957 weekdays between 8 a.m. and 6 p.m. EST.
Accord Business Credit Inc.
EDC and Accord Business Credit Inc. offer Export Ease, an all-inclusive package that combines the receivables management expertise of Accord with the accounts receivable insurance services of EDC. Contact Accord at 1-800-967-0015.
BNP Paribas SA
EDC and BNP Paribas (Canada) have set up an insurance policy where EDC insures foreign receivables factored by BNP Paribas. For more information, call 514-285-2935, or 514-285-6110.
Brome Financial Corporation
EDC and Brome Financial Corporation offer the Brome Accounts Receivable Policy, an all-inclusive package that combines the receivables management expertise of Brome with the accounts receivable insurance services of EDC. Contact Brome at 1-888-878-9485.
Desjardins
Commercial business members can increase working capital when they purchase a foreign receivables factoring service offered by Desjardins and insured by EDC. Contact your Desjardins Business Centre for details, or call 1-800-508-2874.
Exportbank
EDC customers can approach Exportbank for factoring of receivables. Exportbank will take over your receivables and pay you today, freeing up your capital and giving you the cash-flow you need to run your business. It's fast, easy, and tax-deductible. Call Exportbank at 1-800-249-6284.
i Trade Finance Inc.
The Tri-Trade program, offered by i Trade Finance, offers EDC customers a cost effective working capital alternative through the conversion of a company’s short term receivables into a cash payment shortly after shipment. Contact i Trade at
1-877-734-7773.
Jebco International Corporation
EDC and Jebco International Corporation offer the Jebco Accounts Receivable Policy, an all-inclusive package that combines the receivables management expertise of Jebco with the accounts receivable insurance services of EDC. Contact Jebco at
514-341-9788.
Maple Trade Finance
EDC customers can increase their cash flow by factoring their EDC-insured foreign invoices to Maple Trade Finance. For more information on the invoice discounting program, call 902-444-5566.
Montcap Financial Corporation
Export Ease Plus adds factoring or export receivables discounting to the Export Ease program between Accord Business Credit Inc. and EDC. For more details, contact Montcap at 1-800-231-2977.
National Bank of Canada
EDC has an insurance policy with NatExport (the factoring facility of the National Bank of Canada) under which all of the accounts receivables discounted or factored by NatExport are insured. Contact your local National Bank of Canada Account Manager for details.
TD Canada Trust
Similar to the NatExport policy, EDC insures accounts receivables discounted or factored by TD Canada Trust. Contact your local TD Account Manager for more details.
