Safe Keeping Receipt or SKR’s, bank instruments that are on the rise as collateral for alternative financing. A SKR is a financial instrument issued by a secure custody facility, bank or store house. In storage, assets or other valuables in a safe, secure and protected environment. The publisher of the SKR takes responsibility for the legally responsible custodian. Please check with your institution or preservation storage facility as some require fees for these services
Examples of active skr that can be monetized.
• Fur SKR
• Collectible Art SKR
• Gold SKR
• Above Ground Assets SKR
• Commercial Property SKR
• Antiques SKR
• Valuable documents SKR
• Precious Metals and Gems SKR
The issuer of the SKR is not the legal owner and therefore must actively return to the owner upon request. Who can get a SKR? Individuals, companies, businesses, organizations and trusts to name a few. The owner of a SKR this instrument can make lots of money as a SBLC, LC, Bond or BG and the use of these funds as an alternative source of funding for projects. Most issued SKR are able to SWIFT transfers, however, some may be an additional MT 760 simultaneously with the transfer of funds in the transaction is required.
Earn and SKR is the process of converting the financial instrument into legal tender transaction. Depending on monetizing bank may have certain additional conditions apply. For example, the active is free and clear, which means; The title is given free and clear on the SKR? Apart from the validity of the SKR, free title is the most important aspect to generate revenue. The next important aspect is the possibility of a SWIFT MT 760. Once monetized usually for a period of one year and one day unless the data reception is completed otherwise agreed to the issuer of origin.
This very crucial points in place, monetizing your custody receipt may be a safe transaction, because in most cases, can not move or give your asset control. Any costs associated with monetizing your skr to be paid from the proceeds and not beforehand. For many reasons, you should never take arrangement to SWIFT or transfer your SKR one or business without having a contract in place or know the company you are dealing with. Monetizing your SKR, an alternative solution to conventional finance.
