Safekeeping Reciepts
A Safekeeping Receipt (SKR) is a formal document issued by a bank or depository confirming that a specific asset is held securely in custody.
SKRs are commonly used in high-value transactions involving precious metals and other qualifying assets, providing verified documentation of custody and existence.
An SKR serves as proof that an asset is held within a controlled and secure environment. It allows parties involved in a transaction to rely on verified documentation rather than physical transfer of the asset itself. This supports efficiency, transparency, and trust in transactions where asset verification is critical.
An SKR confirms custody of an asset, but it does not transfer ownership. Ownership rights remain with the asset holder unless otherwise specified through separate agreements.
SKRs are often used in structured transactions where asset verification is required without moving the physical asset.
Common use cases include:
• Supporting asset-backed lending arrangements
• Facilitating high-value private transactions
• Providing documentation for due diligence and verification
• Establishing trust between parties in complex financial agreements
• Facilitating high-value private transactions
• Providing documentation for due diligence and verification
• Establishing trust between parties in complex financial agreements
The SKR process:
All SKR-related services are subject to verification, review, and applicable legal and regulatory considerations. Proper documentation, asset authenticity, and transaction structure are essential to maintaining the integrity of the process.
Interested in utilizing a Safekeeping Receipt or learning more about the process?
Our team is available to discuss your specific situation and guide you through available options.