What Is A Custodial Bank Safe Keeping Receipt (SKR)?
Custodial Bank Safe Keeping Receipt (SKR) is where an owner of the assets decides to place a said asset in the care of a financial institution (in the form of a trust), and the owner obtains an acknowledgment of receipt ( Certificate of Custody ) from a said financial institution. The owner of such assets has the option of sending proof of custody to a third party to demonstrate the existence and validity of the asset owned. The Custodial Bank Safe Keeping Receipt (SKR) service can be used with the following assets: stocks, bonds, real estate, property titles, precious metals, oil, or natural reserves, among others.
The owner of a Custodial Bank Safe Keeping Receipt (SKR) can obtain economic benefits from this instrument in the style of an SBLC, Bond, or Bank Guarantee and use these benefits as an alternative source of financing for their projects. Our Certificates of Custody ( SKR) are provided with an ISIN / SEDOL code and can be verified in the ISIN / SEDOL registry of any Stock Exchange, as well as having the ability to be transferred via SWIFT. Bank Instrument Monetization A CERTIFICATE OF CUSTODY Bank Instrument Monetization Monetize a Certificate of Custody Monetizing by Bank Instrument Monetization a Certificate of Custody (SKR) is the process of converting the financial instrument into a legal tender transaction. Depending on the monetization bank, certain additional conditions may apply.
For example, is the asset lien free, that is: Does the title free and clear appear on the SKR? Aside from the validity of the SKR, the free title is the most important aspect of Bank Instrument Monetization. The second most important aspect is the marketing of the SKR, as our SKR are issued with an ISIN / SEDOL code and can be verified on the London Stock Exchange - SEDOL Screen, as well as having the ability to SWIFT transfers. Once monetized usually for a period of one year and one day unless otherwise agreed, the escrow receipt is then the promise of the monetization entity.
With these crucial prospects in place, monetizing your custodial receipt can be a safe operation as in most cases, you do not move your asset or relinquish control (as it is in the hands of a Custodial Trustee). The costs associated with obtaining benefits from your SKR must be paid from the funds and not in advance. For many reasons, you should never arrange for SWIFT or transfer your SKR to any person or entity without having a contract in place or knowing the parties you are dealing with. Protect your private assets with SRK: SRK is a great way to safe keep your private assists and to get funds by them when required. With the help of Custodial Bank Safe Keeping Receipt (SKR), you monetize your private assets and get the funds when you need them the most without much trouble and continue your business while expanding it peacefully