IDBI provides finance for the establishment of new industrial projects as well as for expansion, diversification, and modernization of existing industrial enterprises. A wide range of products and services, offered by IDBI include project loans, rupee as well as Foreign Currency loans, equity financing, corporate finance (including short-term/working capital loans and structured financing products) venture capital, equipment leasing, bills finance, refinancing of industrial loans as well as various fee-based services. Financial Services: (a) Merchant Banking: • IDBI's Capital Market Division provides professional advice and services to the industry for capital market issues, private placement of bonds/equity, credit syndications, project advice/appraisal, valuation, corporate restructuring, and disinvestments. (b) Forex Services: • IDBI offers various foreign exchange related services, namely, spot and purchases of currencies for letters of credit and debt servicing, swaps, forward exchange rate agreements and other derivative products through its dealing room. (c) Debenture Trusteeship: • IDBI has not accepted trusteeship assignments since August 2000. • However, the bank has promoted IDBI Trusteeship Services Ltd. (ITSL) in March 2001 to provide safety, up-to-date information, and excellent professional services to the subscribers and issuers of debentures. • The new company would be technology-driven and shall have an international strategic partner. Therefore, from the above explanation, option 1 is the right answer.