Open
EDC — Performance Security Insurance
Insurance protection for performance security risks
Last Update: April 9, 2026
Funding available
Varies by project
Timeline
- Open Date : November 14, 2019
Location
Canada
Overview
EDC provides support for performance security insurance to protect against wrongful or excessive calls on bank instruments. It covers single transactions involving performance bonds, guarantees, and related export contract support.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Access new markets
Eligible Funding
- Varies by project
Timeline
- Open Date : November 14, 2019
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Protection for bank instruments issued for contract performance.
- Support for wrongful call risk on guarantees and bonds.
- Support for excessive call risk on guarantees and bonds.
- Support for political-risk-related calls on bank instruments.
Documents Needed
- Application for Single Transaction Support
- Customer Profile and Consent form
- Indemnity and Declaration form for guarantee products
- Copy of the contract, if surety fronting is requested
- Any additional information requested by EDC
Eligibility
Who is eligible?
- Exporting businesses
- Companies seeking support for contract performance guarantees
- Businesses using bank instruments such as bonds or letters of guarantee
Ineligible Costs and Activities
- Amounts related to unresolved commercial disputes between the customer and the counterparty
Processing and Agreement
- EDC reviews the application and supporting information.
- EDC assesses the guarantee letter, country conditions, customer profile, and contract risk.
- EDC decides whether to provide support based on its risk assessment.
- If support is approved, the applicant may need to sign indemnity and related agreements.
Additional information
- EDC relies on the accuracy of the information provided in the application materials.
- The applicant may be asked to provide additional information to verify export status or assess risk.
- The customer and any co-indemnitors may need to sign an indemnity agreement.
Documents and links
Contacts
Frequently Asked Questions about the EDC — Performance Security Insurance Program
Here are answers to the most common questions about the EDC — Performance Security Insurance. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the EDC — Performance Security Insurance?
EDC provides support for performance security insurance to protect against wrongful or excessive calls on bank instruments. It covers single transactions involving performance bonds, guarantees, and related export contract support.
Who is eligible for the EDC — Performance Security Insurance program?
To be eligible for the EDC — Performance Security Insurance program, you must:
EDC review of guarantee letter
Country and customer risk assessment
Linked to a signed contract or bid
What expenses are eligible under EDC — Performance Security Insurance?
Protection for bank instruments issued for contract performance.
Support for wrongful call risk on guarantees and bonds.
Support for excessive call risk on guarantees and bonds.
Support for political-risk-related calls on bank instruments.
Who can I contact for more information about the EDC — Performance Security Insurance?
You can contact Export Development Canada (EDC) by email at itg-apsg-coverage@edc.ca or by phone at none.
Where is the EDC — Performance Security Insurance available?
The EDC — Performance Security Insurance program is available across Canada.
Is the EDC — Performance Security Insurance a grant, loan, or tax credit?
EDC — Performance Security Insurance is a Other Support
Who are the financial supporters of the EDC — Performance Security Insurance?
EDC — Performance Security Insurance is funded by Export Development Canada (EDC)