NAVIGATING YOUR BUSINESS DURING UNCERTAIN TIMES Caroline Pogue – Account Manager, Durham Region April 16 th , 2020 1
Export Development Canada is Canada’s export credit agency. OUR MISSION OUR MISSION: HELP COMPANIES GO, GROW AND SUCCEED IN MARKETS ACROSS THE WORLD. 2
OUR We provide expertise that enables our SOLUTIONS KNOWLEDGE clients to make informed decisions and learn more about international markets. We manage and take on risk to help Canadian businesses grow We offer protection that lowers the risk internationally. INSURANCE for Canadian businesses expanding beyond our borders. We help Canadian companies get FINANCING access to capital. We connect Canadian and international CONNECTIONS companies to help both parties grow. 3 3
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. 4
COVID-19 RELATED CHANGES TO EXISTING EDC PROGRAMS 5
COVID-19 RELATED CHANGES TO EXISTING EDC PROGRAMS EXPORT GUARANTEES FINANCING CREDIT INSURANCE CLAIMS • • • Additional working Payment deferral for For the next 3 months, • Provide payment relief capital support for up to 6 months on we will waive the on Export Receivables existing guarantee principal and interest waiting period for policies – deferral will programs. payments to provide claims under our be permitted on an as companies with export policies, needed basis. • Provide a temporary liquidity relief. allowing companies liquidity injection via a to file and receive • Increase in risk 6-month fee payment payment for a claim appetite and flexibility deferral for all existing earlier. when assessing new customers, as well as buyer coverage new customers requests and in cases qualified under the of credit deterioration. BCAP Guarantee. 6
EDC BUSINESS CREDIT AVAILABILITY PROGRAM GUARANTEE (BCAP) 7
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. 8
EDC BUSINESS CREDIT AVAILABILITY PROGRAM (BCAP) GUARANTEE – HOW TO ACCESS • 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. 9
CONTACT INFORMATION www.edc.ca Caroline Pogue Account Manager cpogue@edc.ca 11
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