Open
EDC — Performance Security Insurance
Protection against letter of guarantee losses
Last Update: March 4, 2026
Funding available
No Condition
Timeline
- Open Date : November 14, 2019
Location
Canada
Overview
Protect your cash flow, get coverage of up to 95% of your insured losses if a customer wrongfully calls a letter of guarantee or if a call is triggered by you not being able to meet your obligations due to specific political risks.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Access new markets
Eligible Funding
- No Condition
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
- Participation in international contracts or tenders requiring performance guarantees.
- Engagement in export projects where performance security is requested by a foreign counterparty.
- Execution of contractual obligations abroad that may be exposed to commercial or political risks.
Eligibility
Who is eligible?
- Companies seeking to insure performance security instruments for export contracts
- Businesses exposed to commercial and political risks in international markets
Eligible expenses
- Amounts relating to losses incurred due to wrongful or excessive call of a bank instrument by the counterparty, as outlined in a signed contract or bid process.
- Amounts associated with rightful call of the bank instrument by the counterparty resulting from war, cancellation or non-renewal of export or import permits, government actions, or acts of God occurring outside of Canada.
Additional information
- Coverage may include both commercial and political risks associated with performance security instruments.
- Risk assessment is influenced by country conditions and the specific profile of the counterparty.
- Issues related to unresolved commercial disputes between the customer and the counterparty are noted in risk evaluation.
- Acts of God occurring outside Canada may impact coverage eligibility under political risks.
Documents and links
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?
Protect your cash flow, get coverage of up to 95% of your insured losses if a customer wrongfully calls a letter of guarantee or if a call is triggered by you not being able to meet your obligations due to specific political risks.
Who is eligible for the EDC — Performance Security Insurance program?
To be eligible for the EDC — Performance Security Insurance program, you must:
Eligibility determined by EDC review of the letter of guarantee
Consideration of conditions and economic outlook in the customer’s country and customer profile
What expenses are eligible under EDC — Performance Security Insurance?
Participation in international contracts or tenders requiring performance guarantees.
Engagement in export projects where performance security is requested by a foreign counterparty.
Execution of contractual obligations abroad that may be exposed to commercial or political risks.
Who can I contact for more information about the EDC — Performance Security Insurance?
You can contact Export Development Canada (EDC).
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), Government of Canada
