Custodial Bank Safe Keeping Receipt (SKR) – Thing You Need To Know

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Custodial Bank Safe Keeping Receipt (SKR) Thing
You Need To Know
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• The Custodial Bank Safe Keeping Receipt (SKR) is
  a common banking instrument that is used to cater
  to the financial requirements of the individual.
  This financial instrument can be issued from
  financial institutions, banks, and storage
  houses. This banking tool helps safeguard your
  assets from possible theft, damage, and loss.
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• If you are a regular investor, you might have
  come across custodial fees. Basically, the
  custodians are responsible for protecting
  investor's securities. It is important to note
  that the financial institutions involved in this
  practice do not perform regular commercial
  banking and transactions. In fact, their role is
  limited to safeguarding assets of individuals or
  agencies. These securities include bonds, stocks,
  metals, and other such commodities.

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• What is Custodial Bank Safe Keeping Receipt
  (SKR)?
• Safe Keeping receipt is ordered by an investor,
  who wants to safeguard their deposits.
  Fortunately, you dont have to pay any upfront
  fee to the financial institutions for issuing the
  Custodial Bank Safe Keeping Receipt (SKR).
  However, the investors must clear the banking
  costs and fees in six months (from the date of
  issuance). The list of common types of SKRs that
  can be monetized is
• Fur
• Gold
• Gems
• Real estate
• Antique items

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• And, the list goes on. Make sure that the
  investors do not own the Custodial Bank Safe
  Keeping Receipt (SKR). In fact, you will need to
  return them if the institution requests. SKR is
  one of the most popular types of alternative
  financing options for investors. You might be
  wondering what the monetization of the
  safekeeping receipts means. In simplest terms,
  when you monetize the SKRs, you use this
  financial tool as cash.
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• Depending on the financial institution you have
  chosen, the terms and conditions for monetizing
  Custodial Bank Safe Keeping Receipt (SKR) may
  vary to a great extent. However, the simplest
  method of monetizing this banking tool is
  ensuring that the title is clear.

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• Why Custodial Bank Safe Keeping Receipt (SKR)?
• So far, SKR is regarded as one of the easiest and
  safest forms of financial instruments as the
  investors don't have to surrender their assets.
  Make sure that any cost incurred during this
  period should be paid almost immediately to
  ensure the safety of your asset. It is also
  important that the investor must comprehend all
  the terms mentioned in the Custodial Bank Safe
  Keeping Receipt (SKR) contract carefully so that
  you dont have any confusion.

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