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.
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
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 Account Manager, 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.
Tell us about your foreign currency requirements and concerns
Let us coordinate your FXG requirements