Finmet India Private Limited

In their own words

FINMET India Private Limited (FINMET) INTRODUCTION FINMET was started in 2021 by three Precious Metals industry veterans with the aim of creating a sustainable global financial system for the metals industry in India. The team recognizes their responsibility towards the industry and clients hence FINMET adopts a governance framework that emphasizes transparency and accountability. FINMET is guided by our values of commercial discipline, respect, integrity, teamwork and trust in everything we do. FINMET’s core belief for success is “application of knowledge to build great partnerships” FINMET’s team brings global perspective, deep industry experience and passion for innovation to their roles. The management team with a combined experience of 50 years + in the metals industry, with a proven track record in resolving all our customer requirements. FINMET is an innovative and dynamic company that brings together the world of technology and precious metals in order to provide solutions for Trading, Financing, Logistics and Risk Management. AREAS of FOCUS I. Establishing a Gold Desk Platform - India FINMET has designed a technology based, ready to implement plug-n-play solution for banks who are looking to enter the bullion banking in India. The solution will enable banks to participate in the world’s largest bullion markets and capitalize on this opportunity within existing RBI regulations without the need for import license. The solution focuses on Domestic Bullion Banking, keeping in mind the governments call for becoming “आत्मनिर्भर”. The Gold Desk Platform is a business model that is: • Domestic Focused • Low Risk • Technology based • Scalable With the implementation of the Gold Desk Model, Banks will be able to effectively mobilise Gold Deposits under Gold Monetisation Scheme (GMS) and deploy them profitably. This solution when implemented at full scale can help India manage it’s huge import bill by monetising domestic gold held with households. II. Regulatory Engagement FINMET has provided the benefit of its international experience to assist local regulators to scope out the various options, challenges, and business models that may be considered for the establishment of a physical gold market platform. We have been engaged to discuss the impact of changes in the regulatory landscape arising from the implementation of Basel III norms related to NSFR on physical gold. The goal is to set up an alternative physical gold settlement process that minimises the impact of the increased funding constraints on Banks. III. Market Research FINMET MarketWatch is part of our exclusive service provided to industry participants. MarketWatch daily report offers technical commentary on the days price action on Gold, Silver and USD/INR. It gives both a global and local perspective on metals. MarketWatch also provides key technical price levels, support and resistance zones and probable trends likely to impact markets and prices. MarketWatch is a powerful tool available for business to help them take informed pricing decisions. IV. Strategic Solutions FINMET aims to work with Indian manufacturers and refiners in the precious metals Industry and provide them with Global solutions that will enable them to complete at the world level and generate forex income for the country.

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