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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.
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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 linked to contract performance.
- Coverage for wrongful calls on guarantees and bonds.
- Coverage for excessive calls on guarantees and bonds.
- Coverage for political-risk-related calls on bank instruments.
Documents Needed
- Application for Single Transaction Support
- Customer Profile and Consent form
- Declaration and Indemnity form for guarantee products
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 submitted forms and supporting information.
- EDC assesses the guarantee letter, customer profile, country conditions, and contract-related risks.
- EDC determines eligibility based on its review.
- If support is issued, the customer may need to sign an indemnity agreement.
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.
Contacts
Frequently Asked Questions about the EDC — Performance Security Insurance Program
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 profile assessment
Linked to a signed contract or bid
What expenses are eligible under EDC — Performance Security Insurance?
Protection for bank instruments linked to contract performance.
Coverage for wrongful calls on guarantees and bonds.
Coverage for excessive calls on guarantees and bonds.
Coverage 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.
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)