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NAVIGATING YOUR BUSINESS DURING UNCERTAIN TIMES
Caroline Pogue – Account Manager, Durham Region April 16th, 2020
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Export Development Canada is Canada’s export credit agency.
DURING UNCERTAIN TIMES Caroline Pogue Account Manager, Durham Region - - PowerPoint PPT Presentation
DURING UNCERTAIN TIMES Caroline Pogue Account Manager, Durham Region - - PowerPoint PPT Presentation
NAVIGATING YOUR BUSINESS DURING UNCERTAIN TIMES Caroline Pogue Account Manager, Durham Region April 16 th , 2020 1 Export Development Canada is Canadas export credit agency. OUR MISSION OUR MISSION: HELP COMPANIES GO, GROW AND
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KNOWLEDGE
We provide expertise that enables our clients to make informed decisions and learn more about international markets.
FINANCING
We help Canadian companies get access to capital.
INSURANCE
We offer protection that lowers the risk for Canadian businesses expanding beyond our borders.
CONNECTIONS
We connect Canadian and international companies to help both parties grow.
OUR SOLUTIONS
We manage and take on risk to help Canadian businesses grow internationally.
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EDC IS HERE TO SUPPORT CANADIAN COMPANIES IN BOTH GOOD TIMES AND BAD
As International Risk Experts, EDC is here to help guide Canadian businesses during these exceptional times.
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COVID-19 RELATED CHANGES TO EXISTING EDC PROGRAMS
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- Additional working
capital support for existing guarantee programs.
- Provide a temporary
liquidity injection via a 6-month fee payment deferral for all existing customers, as well as new customers qualified under the BCAP Guarantee.
COVID-19 RELATED CHANGES TO EXISTING EDC PROGRAMS
EXPORT GUARANTEES FINANCING
- Payment deferral for
up to 6 months on principal and interest payments to provide companies with liquidity relief.
CLAIMS
- For the next 3 months,
we will waive the waiting period for claims under our export policies, allowing companies to file and receive payment for a claim earlier.
CREDIT INSURANCE
- Provide payment relief
- n Export Receivables
policies – deferral will be permitted on an as needed basis.
- Increase in risk
appetite and flexibility when assessing new buyer coverage requests and in cases
- f credit deterioration.
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EDC BUSINESS CREDIT AVAILABILITY PROGRAM GUARANTEE (BCAP)
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EDC BUSINESS CREDIT AVAILABILITY PROGRAM GUARANTEE (BCAP)
- The EDC Business Credit Availability Program (BCAP) Guarantee has been
created to respond to COVID-19 related liquidity challenges in the SME market segment.
- The BCAP Guarantee is for operating costs only i.e. rent, payroll.
- The BCAP Guarantee helps a financial institution extend a client’s capacity
to access credit.
- It provides a AAA-rated EDC guarantee to a financial institution on a new
facility to provide incremental emergency liquidity. The BCAP Guarantee cannot be used on an existing facility; the institution must set up a separate facility for net-new funding.
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- Speak with your Financial Institution Account
Manager.
- Decision-making on loans supported by the
EDC BCAP Guarantee has been delegated to the Financial Institution.
- Clients work with their Financial Institution to
determine whether this solution is a good fit for their business.
- All Canadian businesses are eligible whether
you are an exporter or non-exporter.
EDC BUSINESS CREDIT AVAILABILITY PROGRAM (BCAP) GUARANTEE – HOW TO ACCESS
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