RISK MITIGATION: What are Updates & Proposals on Risk Mitigation Products?

Product Name Foreign Buyer Financing
Link to Product Website
Provider Name EDC (Export Development Canada) - Canada
Product Definition EDC can support foreign buyers of Canadian goods and/or services by extending credit or providing coverage to financial institutions on credit exposures. EDC provides support through direct loans, guarantees, or lines of credit with banks in foreign countries or lines of credit with foreign companies.   EDC can provide loans to foreign companies, governments and agencies, subject to their credit worthiness and the transaction meeting EDC's normal lending criteria. Since time and process vary with the complexity of the sale or loan, we strongly recommend contacting EDC as early as possible in order to be able to arrive at the best possible solution for all parties.
Product Type Export Credit
Defined Risks Covered Commercial Risks: Counter-Party Performance
More on Risks Covered
Eligible Form of Investments n.a. More on Eligible Investments
Eligible Currency of Underlying Investment Covered by this Product Both local and foreign currency
Eligible Countries & Regions All
More on Eligible Countries
Eligible Applicants All
More on Eligible Applicants
Eligible Sector n.a.
Maximum Tenor 5+ to 10 years
Max. Absolute Amount (USD) 0 to 50 MM
Max. % of Project Costs Covered 50+% to 75%
Max. % of Export Content Covered 65+% to 85%
Fees Market-based
EDC offers competitive rates to borrowers based on credit quality, general market conditions, and the length of repayment terms being considered. An exposure fee may be charged in connection with our export financing, consistent with OECD regulations.
More on Fees
Other Conditions Sovereign Counterguarantee: No
Anti-Corruption and Governance Standards: Yes link
Environmental standards: Yes link
Social standards (incl. Human Rights Standards; Labor Rights Standards): Yes link
Others:
More on Other Standards
Source(s) n.a.
For more information, contact Marie-Claude Erian
Sector Advisor, Infrastructure & Environment, EDC (Export Development Canada)
Email: merian@edc.ca
Attachments n.a.
Additional Links n.a.
Deals n.a.

Provider Name EDC (Export Development Canada) - Canada
Institution Type PUBLIC: ECA
Ownership Government of Canada (a Crown Corporation)
Head Office Export Development Canada, 151 O’Connor, Ottawa, Canada, K1A 1K3
Provider Home Country Canada
Rating n.a.
Main Risk Mitigation Products Export Guarantee Program
Foreign Buyer Financing
Foreign Investment Financing
Supplier Financing
Account Performance Security Guarantee
Foreign Exchange Facility Guarantee
Surety Bond Insurance
Domestic Surety Bonding and Bank Guarantees
Attachments n.a.
Additional Links
Entered On: 11/06/2007 at 10:53 AM
Updated On: 02/10/2012 at 12:35 PM