Custodial Bank Safe Keeping Receipt (SKR)
Let us consider that you have important securities such as bonds, stocks and other valuable things. When you have valuable things at home, then the first thing you will have in mind is “how will I protect them?” If you are someone who has this confusion then know that you are not alone. All of us know that keeping valuable things at home is not as safe as before. So, what is the best choice when it comes to protecting the assets? You must try the Custodial Bank Safe Keeping Receipt (SKR). If you already know about SKR, then you would have used it before but for others,let’s discuss about in detail.
SKR is a type of financial instrument that can be used to protect the gemstone, assets, gold or any other valuable things which you have in-house. You can store all the things in the financial institution and get this banking instrument. Where you can get the SKR? You can get it from the place where you get the SBLC financing. This will reduce the time and effort spent on choosing the new financial organization to get the banking instrument. Nowadays, many businessmen use several banking instruments for business growth. Especially if they are a buyer of services or goods from an unknown seller they will use the financial instruments to prove their credit ability and carry out smooth trading.
These banking instruments are generally used as a security which will provide the trust to start the business trading. If you have not used these instruments till now then you have to try using them so that you can improve your business. Is Custodial Bank Safe Keeping Receipt (SKR) a perfect choice for you? Many financial organizations offer the Custodial Bank Safe Keeping Receipt (SKR) facility to their clients. All you need is to look for such organizations where you can get SBLC financing and other services that will benefit your business. Especially when opening an account at these financial organizations make sure that you take a look at all the services offered by them.
If you think that you can use these services for business development then you can open an account and use it without any worries. After that, you can apply for the Custodial Bank Safe Keeping Receipt (SKR) from the financial organization. So, what are the things you can store in the organization? You can store the things such as valuable fur, gold, collectible art, valuable documents, precious gems, bonds and so on. When you issue back the SKR to the financial organization, they will return your valuable things. Know that you can even monetize the SKR. Yes, you heard it right. It can be used as a collateral-based banking instrument which offers alternative financing to those that need it the most.
In simple words, SKR is similar to LC, Bonds, SBLC and BG. But know that when you monetize the SKR the amount to be obtained will differ based on the organization and their rules.