EDC — Garantie de facilité de change ### 📋 Eligible Entities - Canadian exporting businesses and companies with international operations - Small, medium, and large enterprises (SMEs and larger corporations) - Businesses engaged in cross-border trade or foreign currency transactions - Companies requiring foreign exchange risk management solutions - Entities with active banking relationships and credit facilities ### 💰 Funding Details - Structure: Guarantee program (not a direct grant or loan) - Coverage: EDC provides a guarantee backing foreign exchange facilities arranged through financial institutions - Matching: No matching requirement; EDC guarantee covers the exchange facility arranged by your lender - Repayability: Funds are structured as credit facilities through your financial institution; repayment terms depend on the underlying facility agreement - Cost: Guarantee fee applied by EDC (exact rate varies based on risk profile and transaction details) ### 🛠️ Approved Expenses - Foreign exchange risk hedging and coverage strategies - Currency exposure management for international sales and purchases - Protection against adverse exchange rate fluctuations on cross-border transactions - Facilitating international trade through secured foreign exchange arrangements - Working capital needs arising from foreign currency transactions ### ⚠️ Conditions & Milestones - Must work with an approved financial institution to establish the foreign exchange facility - EDC guarantee is contingent on your lender's credit approval - Ongoing compliance with the terms of the underlying credit facility required - Exchange facility must be used for legitimate business purposes and cross-border trade activities - Documentation and periodic reporting to EDC and your financial institution required - Guarantee coverage is subject to EDC's risk assessment and underwriting criteria