Account Performance Security Guarantee
Issue letters of guarantee without tying up your capital.
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Discover the Account Performance Security Guarantee
How it works
- Get in touch with EDC to discuss an opportunity that requires a letter of guarantee.
- EDC works with you and your financial institution to set up an APSG.
- Upon approval, an APSG offer is issued to your financial institution, transferring the collateral requirement and risk to EDC.
- You now have more cash available to expand your business.
What's covered?
100% coverage of eligible contractual and financial letters of guarantee including (but not limited to):
- Bid
- Advanced payment
- Performance
- Warranty
- Lease
- Supplier
- Regulatory
Eligibility
Eligibility determined by EDC based on requirements, including:
- The managerial, technical and financial capabilities of your company
- Review of the letter of guarantee
- Conditions and economic outlook in your customer’s country, and the customer’s profile
Benefits of an Account Performance Security Guarantee
Account PSGs are now integral and essential to our operations. Without them, the collateral demands on our working capital would significantly limit our ability to manage and grow our export-led business.
