How to Free Up Working Capital

Posted by Olympia CGP on 3/23/20 9:16 AM

Capital

Foreign currency exchange may be affecting your bottom line, but it doesn’t have to.

For Canadian import and export companies, fluctuations in exchange rates can make it challenging to budget up-front costs or determine revenues in foreign currencies. 

Sometimes you are also required to post collateral as payment assurance for your foreign exchange contract provider which locks up your free capital that you could be using to grow your business.

The Solution

Olympia has partnered with Export Development Canada (EDC) to bring the Foreign Exchange Guarantee (FXG) program to our clients to help protect your business from foreign currency exchange risk and free up working capital.

The benefits of working with Olympia & EDC

 Secure your exchange rate without putting up capital
 Protect your margins
 Increase your borrowing capacity
 Free up working capital and grow your business
 Cash protection
 FX certainty for up to 2 years with flexible terms
 Quick and easy set up
 Customizable programs that fit your needs

How it works

The FXG is a program provided to Olympia from EDC on your behalf in place of margin requirements, allowing you to free up capital that would otherwise be used to secure FX funds. All you have to do is contact your Analyst, discuss your currency concerns and needs and let us coordinate your FXG requirements.

Contact us today to learn how you can help mitigate currency exchange risk and free up working capital so that you can focus on growing your business. 

Contact one of our Analysts at 1.866.752.7135 or email cgpinfo@olympiatrust.com

Tell us about your foreign currency requirements and concerns Let us coordinate your FXG requirements

How it works 1

How it works 2 How it works 3
 

CONTACT US

Topics: Articles