EDC Wins Global Finance's 2015 Best Trade Finance Agency Award
By A Correspondent
Export Development Canada (EDC) was today awarded the Best Trade Finance Multi-Lateral Institution or Export Credit Agency Award for 2015 by Global Finance magazine.
EDC is Canada’s trade finance agency, and the leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada
This annual award is presented to an international financing institution that has demonstrated excellence in the scope of its global coverage, customer service, competitive pricing, risk management and innovative products, services and technology.
“Export Development Canada is being recognized for its support to Canada's international trade. Canada's economy relies heavily on trade and EDC's advice and financial help is critical,” said Joseph Giarraputo, Publisher and Editorial Director of Global Finance Magazine. “In addition, EDC is making efforts to help small Canadian companies enter overseas markets, and has helped to develop the country’s clean technology sector through the issuing of its first ‘green’ bond last year.”
Global Finance editors, with input from industry analysts, corporate executives and technology experts, selected the best trade finance banks in 83 countries or regions. A poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
“We are thrilled to hear that EDC has been awarded this year’s Best Export Credit Agency Award,” said Catherine Decarie, Senior Vice President Human Resources and Communications. “Financial solutions like financing and insurance are critical parts of Canada’s trade toolkit and we’re flattered to be recognized as a leading provider.”
“This award really belongs to the 7,100 Canadian companies that used our services last year, because it is their deals that brought us to the table. They are a dynamic business community, and as a result, we need to be innovative and flexible to support the type of business they do,” Decarie added.
The awards ceremony will be held today during the closing luncheon of the BAFT Europe Bank-to-Bank Forum at the Hilton Amsterdam.
The demand for trade finance continues to outrun the supply, particularly in emerging markets. An excellent trade finance bank is an essential partner for corporations as they expand their global reach. EDC is equipped to meet these needs with expert advice and flexible products. For more information about how EDC can help your company, call us at 1-888-434-8508 or visit www.edc.ca.
About Global Finance
About Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Its circulation is audited by BPA. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Global Finance is headquartered in New York, with offices in London and Milan.
EDC is Canada’s trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.