Safe Keeping Receipt (SKR) - Collateral For Alternative Financing









Safe Keeping Receipt's, or SKR's, are bank instruments that are on the rise as collateral for alternative financing. A SKR is a financial instrument that is issued by a safe keeping facility, bank or storage house. In storage, assets or other valuables are in a safe, secured and protected area. The issuer of the SKR takes the responsibility of being the legally responsible custodian. Check with your institution or safe keeping storage facility as some require fees for these services.

Examples of asset skr's 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 or Gems SKR

The issuer of the SKR is not the legal owner and therefore, must return the asset to the owner upon request. Who can obtain an SKR? Individuals, corporations, companies, organizations and trusts to name a few. The owner of an SKR may monetize this instrument much like an SBLC, LC, Bond or BG and use these funds as an alternative funding source for projects. Most issued SKR are capable of SWIFT transfers however, some may require an additional MT 760 simultaneous to the transfer of funds in the transaction.

Monetizing and SKR is the process of converting the financial instrument into a legal tender transaction. Depending upon the monetizing bank, certain additional conditions may apply. For instance, is the asset free and clear, meaning; is the title free and clear listed on the SKR? Aside from the validity of the SKR, free title is the single most important aspect of monetizing. The next important aspect is the capability of a SWIFT MT 760. Once monetized usually for a term of 1 year and 1 day unless otherwise agreed upon, the safe keeping receipt is then completed to the originating issuer.

With these very crucial points in place, monetizing your safe keeping receipt can be a safe transaction because in most circumstances, you don't move your asset or give up control. Any fees associated with monetizing your SKR should be paid out of proceeds and not upfront. For many reasons, you should never make arrangement to SWIFT or transfer your SKR to any one or company without first having a contract in place or knowing the company you are dealing with. Monetizing your SKR can be a solution to alternative conventional financing.









0 comments

  • I'm Scared My Husband is Going to Leave Me - Tips and Advice That May Help I recently received a pretty heartbreaking email from a wife who felt that in the next few days, her husband was going to leave her. The two of them had just not been getting along due partly to the stress of their financial situation. They…
  • How to Make Money Using Your Passions The Empire Formula Stage! Start With Nothing ... Follow the Formula ... Hit the $ 300,000 sweet spot. Do you have a passion for a particular product and want to use that passion to make money online? Using these 4 simple steps. Nothing held…
  • Bitcoin Basics For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its…
  • The Benefits of Mahjong Games Mahjong games owe their origin to China and they are played through use of tiles. It was not until in the 1920's that its popularity in countries such as the US begun. It is an intelligence game and requires a high sense of concentration. …
  • Air Conditioner Compressor The air conditioner compressor is usually located outdoors together with the condenser. Most residential air conditioners have their air conditioner compressor combined into a single unit which is sealed. The compressor motor works like a pump…