GREX partners with Orbis as its Settlement Agent and Custodian

grexMumbai, October 07, 2015: GREX Alternative Investments Market today announced that it has formally signed an agreement to entrust Orbis Financial Corporation Limited as the transaction settlement partner for the capital raise transactions that will be done through the platform.

GREX has built a seamlessly integrated exchange-like platform and its associated ecosystem of participants, to bring together private eligible investors and high growth unlisted companies for information exchange and securities transactions.

This is first of its kind development in the Private Placement Market even globally. Speaking on this development, Sanjay Nishank, Director and Co-founder, GREX, said, “I’m very happy that we could build this mechanism at the very early stages of GREX being operational. This will ensure that there is arm’s length relationship to the logical transaction and the actual management of valuables. GREX always believed in bringing forth the best practices in finance to the benefit of its stakeholders and market participants. We strongly believe that this arrangement will foster more trust and confidence amongst investors as they transact on this platform. We will continue this endeavour to imbibe more such offerings as we go along the way.”

Jayakumar S Babu, CEO, Orbis, said, “Orbis is very happy to partner with GREX in its initiative to make the private placement transactions more seamless and efficient at the same time offering the safety and comfort in the process of settlement. This arrangement helps both Orbis and GREX to focus on their core function and play to our strengths. We will continue to work with GREX to develop and improve mutual processes such that they adhere to the global best standards in finance.”

As part of the agreement between GREX and Orbis, while GREX is the principal platform for all information and also has seamless transaction features, the money and securities will be handled by Orbis. What this means is that GREX will not handle the investor money and securities itself – it will be deposited in a separate escrow accounts under the Custody and Operation of Orbis. GREX will simply generate an automated settlement instruction based on the success of investor applications on GREX. Thereafter Orbis will be responsible for final settlement of all such transactions, both funds and securities, based on the automated instructions received.

Orbis is a SEBI registered custodian and all the investment funds and securities will remain in the custody of Orbis until a final settlement is reached. This mechanism ensures the much needed arm’s length relationship in handling of funds and securities by a regulated responsible entity. Now, with these delimited functions, GREX will be wholly focused on improving the systems, processes and algorithms that will allow for fairer and transparent transactions. At the same time, Orbis will be entrusted with the handling of money and securities as well as its safekeeping until settlement.

About GREX

GREX is a seamlessly integrated exchange-like platform for unlisted companies. Its associated ecosystem of participants brings together private eligible investors and high-growth unlisted companies for information exchange and securities transactions.

For unlisted companies, this brings forth a world of opportunities and possibilities. GREX facilitates a steady flow of need-based access to capital like never before. This means companies can raise multiple rounds of capital, depending on their growth needs. Companies can focus on creating value for their stakeholders.

For this to work well for companies, they will be required to be on the platform and share regular updates with the community within the platform. This information sharing forms the basic bedrock of the information exchange at GREX. GREX will enable many second and third party integrations to ensure this information is translated into independent insights and analysis, thus offering more credibility to unlisted companies.

For investors, it will refresh the experience of the regular capital market as it is now available to them, so they can then discover, enter and manage their investment interests with low ticket size of investment (Rs.5-10 lakh) in exciting unlisted companies with high potential.

For more information please log onto https://grex.in/

About Orbis Financial Corporation Limited

Orbis entered the financial markets as a Custodian in 2009 conceptualizing and offering a range of forward looking services designed and customised to equip the investors across segments to efficiently manage their investing operations securely.

Over this short period of operations, Orbis has established formidable goodwill especially in the Broker dealer segment focused towards brokers, portfolio managers, wealth managers, hedge funds and private equity funds staying positioned as a Non Competing Custodian wholly dedicated to “Investor Servicing” as Non – Brokers and Non – Fund Managers.

Being a Non – Bank, many Non – Custodian banks are finalising appointment of Orbis as their Custodian. Due to our Non – Bank status, we can work with all banks and avail the Best of services though we do have a Special Banking relationship in place with a couple of leading banks.

In terms of our age in this business, Orbis commenced its full bouquet of Custody services in May 2009. Due to our age factor, we also carry advantage on stature of our technology & applications! We can claim to be the only Custodian in India that is wholly ERP driven with all Custody processes including Clearing, Settlement, Risk management, Fund Accounting, etc running on this integrated ERP platform. Orbis takes pride in its integrated robust ERP based Fund Accounting Solution. The reporting solution that is wholly customised for HNI’s is found to be of immense utility to the Investor.