MAY 2015

CORPORATE OVERVIEW

Supporting the International Development Sector

› About EDC

› Overview of EDC products and solutions  

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OUTLINE

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› Canada’s Export Credit Agency

› Crown corporation    

› Financially self-sustaining

› Operates on commercial principles

› Role is to support and develop Canada’s export trade and international business via financing and insurance solutions for Canadian exporters and investors

› Partnership preferred principle

ABOUT EDC

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EDC’S FOREIGN REPRESENTATION

North America $54.5B (55%)Asia-Pacific $17.9B (18%)

Europe $13.5B (14%)

South / Central America $8.4B (9%)Africa / Middle East $4.5B (5%)

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CONNECTING WITH CANADIAN BUSINESSES ACROSS CANADA

› Facilitated $99.0 billion in business carried out by Canadian companies

› Served about 7,400 customers

› Supported business in 198 countries

› Facilitated $29 billion in emerging markets

› Contributed to 4% of GDP, supporting 719,200 jobs

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2014 PERFORMANCE HIGHLIGHTS

FEBRUARY 2015

OVERVIEW OF EDC PRODUCTS

› Protect against foreign buyer’s failure to pay

› Benefits

› Enter and expand into new markets

› Better access to bank working capital

› catastrophic loss protection

ACCOUNTS RECEIVABLE INSURANCE

edc.ca/insurance

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Line of Credit

Financial InstitutionForeign Buyer

Claim Payment

Exporter

Accounts Receivable

Goods orServices

Credit Insurance

Policy

Exporter

CREDIT INSURANCE

› Coverage for various political risks

› Protects foreign assets such as cash in local bank accounts from certain political events

POLITICAL RISK INSURANCE

edc.ca/pri

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EDC PRI on Assets Policy

Canadian Company with Assets Located in a Foreign Country

(equipment, inventories, cash)

Loan (asset financing)

Financial Institution

Direction to Pay Policy Claim Proceeds at the request of the insured Canadian Company

POLITICAL RISK INSURANCE (PRI) FOR ASSETS

FOREIGN BUYER FINANCING

› Guarantee to another financial institution in support of a loan to your foreign customer (transactions < $10 million)

› Direct financing to your foreign customer (transactions > $10 million)

edc.ca/financing

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› EDC provides Canadian banks with loan guarantees to finance costs related to foreign contracts

› Access to additional working capital

› fund up-front costs

EXPORT GUARANTEE PROGRAM

edc.ca/financing

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Exporter

Loan

Financial Institution

Guarantee

EXPORT GUARANTEE PROGRAM (EXPORT CONTRACT SPECIFIC)

BONDING SERVICES

edc.ca/bonding

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› EDC provides a guarantee to your bank allowing it to issue Standby LCs or LGs to your customers

› Get access to bonds without tying up cash

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100% Guarantee

Foreign Financial Institution

Letter of Guarantee

Counter Guarantee

Contract

Foreign Buyer Financial Institution

PSG Indemnity Agreement

PERFORMANCE SECURITY GUARANTEE

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Merci-Thank You

Guy Racine613 597 8688gracine@edc.ca