Export Development Canada Online Services

Exporters want a reliable service that is easily accessible any time, any place. Export Development Canada's (EDC) online products and services can give you that convenience, allowing you more time to concentrate on your export business.

Summary

Insurance

For any business, international trade and investment represent tremendous growth opportunities. They also involve considerable risk. EDC supports Canadian companies seeking to tap new markets with a range of credit and contract insurance solutions that allow you to access the working capital you require while protecting your assets.

Financing

EDC offers a range of financing solutions to help Canadian companies and their international customers capitalize on trade opportunities. EDC strives for flexibility in their deal structuring, always aiming to arrive at an arrangement that meets the needs of both the Canadian company and their foreign customer.

Bonding

International customers often require contract bonds as financial assurance that a Canadian company will honour its contractual obligations. Bonds can either be issued by banks in the form of standby irrevocable letters of credit (ILC) or letters of guarantee, or by surety companies in the form of contract surety bonds. Letters of guarantee are commonly used around the world, surety bonds more so in North America and increasingly in Latin America.

Obtaining a bond can be difficult, especially if your company lacks access to the required security or does not meet other underwriting criteria. Although EDC does not issue bonds directly, their bonding services simplify the process. Canadian exporters purchasing and selling forward contracts can also be required to provide collateral to their financial institutions, tying up working capital. EDC can help exporters forego this requirement.

Customer/Credit Information

How much do you really know about your potential foreign customer? With EXPORTCheck, you can quickly and easily obtain valuable financial and credit information on your U.S. and foreign customer using our online database covering millions of companies. And now, for as little as $30, it’s worth a check before you close the sale. It just makes good credit management sense.

Claims & Recoveries

EDC helps its policyholders deal with overdue receivables and by simplifying the claims and debt recovery process.

• Problem & Overdue Managers help you find repayment solutions to your receivables;
• Claims Services Managers help you file a claim against your Accounts Receivable Insurance (ARI) policy;
• Recoveries Services Managers take over once that claim has been paid—to recover the money that EDC paid out to you.
  

New Brunswick Contact(s):
See National Contact.

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National Contact(s):
Export Development Canada
151 O'Connor Street
Ottawa, Ontario  K1A 1K3
Telephone: 613-598-2500
Fax: 613-237-2690
Toll-free (information): 1-866-283-2957
TTY (hearing impaired): 1-866-574-0451
Web site: http://edc.ca/english/8522_contact_us.htm