The Export Guarantee Program from Export Development Canada provides RBC with increased risk coverage allowing us to potentially expand the financial support we can provide to you – by way of working capital, pre-shipment financing, foreign investment or acquisition financing, and/or tax credit financing facilities.
The Export Guarantee Program guarantee(s) that any one customer cannot exceed $10 million USD
The EGP Guarantee Fee is a flat fee calculated on the guaranteed amount. It is calculated using an EDC risk-based pricing grid together with your institution’s estimate of the projected usage of the facility (for revolving lines).
The Guarantee Fee is calculated in advance and is payable either annually within 15 business days of the guarantee date or quarterly in advance. A setup fee of 25 basis points is applied to a guarantee greater than USD or CAD $500,000.
The fee is charged on new guarantees and on the renewal of an existing guarantee. EGP fees are calculated in advance and may be passed on to the customer or covered by the financial institution through its fees and the interest it earns on the facility.
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Pay your domestic and international vendors, in over 30 countries.
Assure your clients and suppliers of your financial integrity without tying up your cash by leveraging Guarantee
Our dedicated specialists will work with you to provide the financial advice and solutions that best suit your business.