EDC selects Coface to provide domestic insurance coverage
Export Development Canada (EDC), Canada's export credit agency, and the Canadian arm of a worldwide business-to-business trade facilitator, Compagnie Française d'Assurance pour le Commerce Extérieur SA (Coface), today entered into an agreement for the provision of domestic receivables cover to EDC's short term insurance customers. This agreement will enable Canadian exporters who receive insurance cover for their export receivables from EDC to obtain cover for their domestic receivables from Coface. "This strategic alliance brings over 120 years of combined experience to serve the needs of our customers for domestic and export insurance, using a one-stop shopping approach," said Pierre Gignac, EDC senior vice-president, Short-Term Financial Services. "In providing this service, EDC ensures its customers have access to the insurance tools they may need in order to be successful on the international stage," add
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