London, in November 2024, witnessed a significant announcement by Mr. George Matharu, President and CEO of Elite Capital & Co. Limited. This company has introduced a completely new financing system for the global markets, code-named EXIM+F (Export and Import in addition to Finance). The traditional EPC+F system, widely used in financial transactions globally, often burdens borrowers as it forces them to use the financier's contractors and project contents. However, the EXIM+F system offers a different approach by financing specific parts of borrowers' projects, such as a particular production line within a larger project. This allows borrowers to implement projects independently based on their own economic or security reasons. In short, the financing concept is centered around the EXIM+F model, which deploys relevant criteria and a repayment system by financing 100% of the value of government project content imports. The Government Future Financing 2030 Program then explores broader financing possibilities.Company Overview and Services
Elite Capital & Co. Limited is a renowned Financial Management company that offers a comprehensive suite of project-related services. These include Management, Consultancy, and Funding, with a particular focus on large infrastructure and mega commercial projects. With extensive experience in Banking and Financial transactions, the company provides a range of specialized advisory services for private clients, medium and large corporations, as well as governments. It also serves as the exclusive manager of the Government Future Financing 2030 Program®.Bank Guarantee and Risk Mitigation
Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited and the Head of Government Future Financing 2030 Program, emphasized the significance of a medium or long-term bank guarantee. Under this program, the Government Future Financing 2030 Program finances the import of government project content, relieving the Ministry of Finance from the burden of issuing sovereign guarantees. This gives guarantee-issuing banks ample scope to assess risks as there is a medium to long-term payment obligation on their clients in return for issuing those guarantees. It provides the project with the necessary room and space to start production and generate profits, facilitating the streamlined approval process for issuing guarantees by the risk assessment department in banks.Unique Financial System Launch
Elite Capital & Co. Limited designed and launched the first-of-its-kind financial system named 'Government Future Financing 2030 Program' on January 15, 2020. This program aims to provide financial support rather than traditional lending to governments. Under this initiative, Elite Capital & Co. and its governmental portfolios sign agreements with respective governments to support national projects. By providing up to 80% of the financing needs of these projects without burdening the Ministry of Finance with sovereign loans, it ensures fairness, equality, and transparency. The government then announces projects on a bidding basis, inviting local companies and international consortia to bid for the remaining 20% of funding, construction, and project operations.Benefits and Impact
Mr. George Matharu emphasized that Elite Capital & Co. is ensuring that ministries and governmental entities obtain the best offers and financing benefits. This cannot be achieved through conventional diplomatic channels or political means. By having the government deal with the Government Future Financing 2030 Program as the sole contact party, it simplifies communication and saves administrative effort and diplomatic negotiation. This innovative financing system has the potential to transform the way governments access financial support and implement projects, leading to increased economic growth and development.Elite Capital & Co. – Contact Details –Elite Capital & Co. Limited33 St. James SquareLondon, SW1Y4JSUnited KingdomTelephone: +44 (0) 203 709 5060SWIFT Code: ELCTGB21LEI Code: 254900NNN237BBHG7S26Website: ec.uk.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/50208901-6ef1-4417-a3ab-3ea99980e5a3
