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📜 SKR (Safe Keeping Receipt)

📜 SKR (Safe Keeping Receipt)

US Capital Private Bank Knowledge Base

🏦 What is an SKR?

An SKR (Safe Keeping Receipt) is a document issued by a bank or vault institution that confirms the safekeeping of a specific asset on behalf of a client. It is not ownership, but proof of custody. It is commonly used in high-value transactions, trade finance, and private placement programs.

🔑 Key Characteristics

  • 📄 Non-negotiable document

  • 💼 Issued by banks, depositories, or bonded warehouses

  • 🪙 Can represent cash, precious metals, bonds, art, or other valuables

  • 🔐 Used for collateral, credit enhancement, or monetization

  • ⚠️ NOT a title document – it only confirms possession, not ownership

🧩 Use Cases in Private Banking

Purpose How SKRs Are Used
✅ Collateral To back loans or credit lines
🔁 Monetization Used in financial engineering or trade platforms
🧾 Documentation To verify the existence and safekeeping of high-value assets
📤 Transfers For the secure, regulated movement of valuable assets across institutions

📚 Types of SKRs

  1. Cash-backed SKR – Verifies the safekeeping of cash or cash equivalents.

  2. Gold-backed SKR – Used to prove physical gold is secured in a vault.

  3. Instrument SKR – For financial instruments like MTNs or Bonds.

  4. Asset SKR – For tangible assets like diamonds, artwork, or real estate documentation.

🏛️ How US Capital Private Bank Supports SKRs

  • 🔍 Verification of SKRs for onboarding and compliance

  • 🔗 Monetization via secure, principal-to-principal mechanisms

  • 🔒 Vaulting or 3rd-party confirmation for gold or securities

  • 📬 Issuance of Bank Comfort Letters or RWA Letters linked to SKRs

⚖️ Regulatory Considerations

  • 🛡️ Must comply with Anti-Money Laundering (AML) and KYC regulations

  • 🧾 Must be verifiable by the issuing institution

  • ❗Fake or unverifiable SKRs are considered fraudulent instruments and carry severe legal consequences

  • 🔗 SKRs may be subject to UCC Article 9 when used in secured transactions

⚠️ SKR Fraud Alert

Many SKR scams involve:

  • Documents without serial numbers or vault contact info

  • Promises of monetization without proper compliance

  • Fake banks or shell vaults issuing fraudulent SKRs

Always verify SKRs through a recognized, licensed financial institution.
At US Capital Private Bank, we only process bank-to-bank and principal-to-principal transactions involving verified SKRs.

📥 Submitting an SKR to US Capital Private Bank

To submit an SKR for verification or transaction purposes:

  1. 🔐 Log in to your secure client dashboard

  2. 📤 Upload your SKR along with:

    • Copy of the underlying asset documentation

    • KYC file of the asset holder

    • Vault or institution contact information

  3. 📞 Await compliance clearance from our internal team

🔗 Client Portal: https://uscapitalprivatebank.com

📬 Contact US Capital Private Bank

📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com
📞 Phone: +971529926005

🎥 For insight into financial instruments & asset handling:
🔗 Watch Video Briefing

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