TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EXTEND INSURANCE PROTECTION [1 record]

Record 1 1994-07-13

English

Subject field(s)
  • Insurance
CONT

If a bank or other financial institution is willing to discount an export receivable from an insured exporter on a limited recourse basis, EDC (Export Development Corporation) is willing to extend the same insurance protection directly to the bank or other financial institution in respect of the discounted receivable as applies to the exporter under the insurance policy.

French

Domaine(s)
  • Assurances
CONT

Si une banque ou une institution financière consent, moyennant un recours limité, à escompter des créances sur l'étranger qu'un exportateur a fait assurer, la SEE (Société pour l'Expansion des Exportations) consentira directement à la banque ou à l'institution financière la protection que l'exportateur reçoit, en vertu de sa police, pour les créances escomptées.

Spanish

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