Program
Federal
Active
EDC Foreign Exchange Facility Guarantee
EDC
Maximum Funding
Up to 100% coverage of the collateral your financial...
Continuous. No application deadline is published.
Difficulty
Hard
Payment
Not Applicable
Trend
Stable
First-Timers
Friendly ✓
Co-Funding
Varies
EDC Foreign Exchange Facility Guarantee provides Up to 100% coverage of the collateral your financial institution requires on your FX contracts. Not a cash amount paid to your business. Guarantee that covers the collateral a bank requires for a foreign-exchange hedging facility, helping exporters lock in exchange rates without tying up working capital. Applications are accepted on an ongoing basis.
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Eligibility & Details
What this program funds and who can apply
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Program Description
Guarantee that covers the collateral a bank requires for a foreign-exchange hedging facility, helping exporters lock in exchange rates without tying up working capital.
Eligibility Requirements
- Be a registered Canadian company that meets EDC's definition of an exporter
- Have a business banking relationship with a Canadian financial institution
- Meet certain environmental, social and governance standards and other non-financial criteria
- Have, or be considering, an FX contract or other hedging instrument with your financial institution
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Hard
Competition
Moderate
First-Timer
Friendly
Funding Details
- Amount
- Up to 100% coverage of the collateral your financial institution requires on your FX contracts. Not a cash amount paid to your business.
- Type
- Program
- Level
- Federal
- Deadline
- Continuous. No application deadline is published.
Program Scorecard
Competition, effort, and approval at a glance
Competition
Moderate
Deadline
Ongoing
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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How to Win
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipThe guarantee replaces the security your bank would otherwise take, which is what keeps your assets liquid, and it also buys you room: with an FXG in place you can access more sophisticated hedging tools and book FX contracts for up to three years rather than hedging quarter to quarter.
Rejection Pitfalls 4
- Not a registered Canadian company, or not meeting EDC's definition of an exporter
+3 more pitfalls
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Success Profile
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Evaluation Criteria
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All 4 pitfalls, the checklist and the reviewer notes are in the Playbook below. See what it includes ↓
What's in this Playbook
Everything you need to win EDC Foreign Exchange Facility Guarantee
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 4 rejection pitfalls reviewers flag — so you catch them first
- 2-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 3-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- Success profile + evaluation criteria — exactly what reviewers score on
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Application Playbook
Step-by-step process, required documents, and expenses
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3 steps
2 docs
Application Steps
1
Get in touch Contact EDC or your financial institution to see if an FXG is a good fit for your business. Be prepared to discuss your growth plans.
Required Documents 2
✓ Your financial institution's FX facility agreement, if you already have one. EDC reviews its terms with you
✓ Your hedging strategy and growth plans, which EDC asks you to be ready to discuss
Intake Periods
Deadline Notes
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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Stacking partner data not yet available.
Combined Funding Potential
See your total funding potential
Clawback Risk
Low Risk
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How EDC Foreign Exchange Facility Guarantee Compares
Side-by-side with similar programs
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|---|---|---|---|---|
| EDC Foreign Exchange Facility Guarantee | Up to 100% coverage of the... | Hard | Not Applicable | Continuous. No... |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about EDC Foreign Exchange Facility Guarantee
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Does EDC give me money with an FXG?
No. The FXG covers your collateral requirements on foreign exchange contracts. Your financial institution gets up to 100% coverage on your FX contract, so additional collateral is no longer required and your own cash stays liquid.
Who is eligible?
A registered Canadian company that meets EDC's definition of an exporter, with a business banking relationship at a Canadian financial institution, meeting certain environmental, social and governance standards and other non-financial criteria, and having or considering an FX contract or other hedging instrument with that institution.
What does it let me do that I could not do before?
Lock in a rate ahead of time to make FX budget forecasts easier, keep your assets liquid by using the FXG in place of collateral, use the unlocked working capital to fulfill contracts, cover operations or pursue new contracts, and access more sophisticated hedging tools including FX contracts of up to three years.
How do I get started?
Contact EDC or your financial institution to see if an FXG fits, and be ready to discuss your growth plans. EDC then reviews your hedging strategy and your bank's FX facility terms, and EDC and the bank finalize the guarantee between them.
What is foreign exchange risk?
If you sell goods and services internationally and are paid in a foreign currency, exchange rates can move and you receive less in Canadian dollars than expected. The reverse applies when you buy in a foreign currency and end up paying more.
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Full Playbook: EDC Foreign Exchange Facility Guarantee
3 steps · 2 docs · reviewer insights