Edward Banayoti established Offsets Unlimited International as platform to address the need for confidential marketplace where Offset Debtors can identify partners who can fulfill an offset obligation on their behalf in favor of the offset creditor.
The Offsets market is today worth multi billion US Dollars. Many companies seek to comply with their offset obligations but not all counterparties are presently equipped to secure compliance within the set time frames.
The creation of a market place and the introduction of a mediated / negotiated approach, both sides can achieve a better, more effective and mutually preferable quicker outcome, especially in relation to deals seeking to attain trade balance. It is for this reason that we are herewith creating the Defence Offsets Exchange.
Offsets Unlimited International is an independent subsidiary of CORNERSTONE Holdings Corp.
The cumulative value of outstanding Defence Offset Obligations for some countries and companies can run into Billions. Some companies within the sector have obligations which they are not necessarily best equipped to deliver, leaving them facing potential liabilities or penalties in the event they fail to fulfil them.
On the other end of offsets, some Countries may have legacy obligations due to them by companies where the rapidly evolving domestic and world landscape, as well as present national priorities will have developed into a situation where such obligations no longer represent the best, most effective and therefore most desirable value-added solution.
Our view is that through the creation of a market place and the introduction of a mediated/negotiated approach, both sides can achieve a better, more effective and mutually preferable quicker outcome, especially in relation to deals seeking to attain trade balance. It is for this reason that we are herewith creating the Offsets Unlimited International.
In this backdrop, our objective shall be to initially create a highly confidential intermediated OTC market where obligations and recipients of such obligations, as well as potential partners that could provide solutions to attain specific preferred targets, will be able to accelerate the fulfilment of the original or renegotiated obligations through investment or co-investment of the original partners. New players will bring to the table ideas, capital, projects and project delivery experience with a view of offering a solution which can deliver the most desirable objective, thereby securing an agreement between all parties to secure settlement or partial settlement of the original obligations thereby extinguishing such obligations in part or in full possibly sooner than originally planned.
The ultimate goal shall always be to deliver a more advantageous final outcome for all sides, which reflects today’s reality.
We are currently on-boarding prospective members of this exchange who would be interested in listing offset and as part of this start-up phase we shall be also taking on board client feedback in order to present a final formula which shall provide companies a powerful option in their offset delivery arsenal.
Offsets Unlimited International is associated with the Defence Unlimited International, a company employing over 227 individuals present in over 25 countries across all continents.
This provides the exchange with a structured network of individuals experienced in the field of Offsets negotiation and compliance as well as solid access to corporates who might have offset obligations. We shall be leveraging this access onto the platform.
At the same time, the company also has bridges within the setup with extensive networks within other Industries such as Mining, Energy, Engineering, Manufacturing, Healthcare and Financial services including Private Equity groups which could deliver solid partnerships in resolving the offset obligations through projects they could initiate and secure additional funding for.