Safe Keeping Receipt or SKR, or Safekeeping, is where an asset owner elects to place that asset in the care of an Agent, usually a Bank or a Financial Institution and receives an acknowledgment from the Bank as to their “Safekeeping” of that asset.
Monetization and SKR is the process of converting the financial instrument into a legal tender transaction. Depending on the monetization bank, certain additional conditions may apply. … So, monetizing your SKR can be a safe transaction because you are not moving your asset or relinquishing control.
If you possess an asset apairesed with specialized expertise and bear an acknowledgment from the bank or institution where it is deposited, such as:
- Gold, precious metals, or precious stones
- piece of art
- Premium commercial real estate
- Valuable bank documents
With an SKR document (Secure Receipts) issued by your financial institution, usually a bank or a security house, you can generate income through this SKR document just like any other banking instrument such as SBLC, LC, Bond, or BG and use this money as an alternative source of financing Your projects, services or other business operations
Monetization via SKR is a financial process like any other financial instrument transfers to a legal tender transaction depending on the monetizing bank usually for a period of 1 year and 1 day, certain additional terms may apply depending on the agreement, the deposit receipt is delivered to the original issuer by always keeping its assets. It is protected by the institution where it is deposited.
Therefore, monetizing your SKR is a safe transaction because your assets remain under your control where you deposit them.
Only your SKR is dealt with after signing the contract in advance and knowing the platform you will deal with.
Monetizing SKRs has become an alternative traditional financing solution.
If you have an asset with its SKR and you want to monetize it, please contact us for further clarifications