Over Draft against Safe keeping Receipts (SKR)

International Depositary Receipt is Known as Safe keeping Receipts (SKR) Coustomer can avail Over Draft Facility Against This Receipt
By: www.just4uloan.com
Sept. 2, 2009 - PRLog -- Protection of assets including securities of an individual done by banks, against a receipt known as safe keeping receipt. This is also known as International Depositary Receipt (IDR) The securities backing the receipt remain in the custody of the issuing bank or a correspondent. Safe Keeping Receipt (SKR) guaranteed by client's bank and backed
By bankable asset.

Safe Keeping Receipt (SKR)  is  financial instrument that can be used for many purposes by providing security over assets, with the consent of the issuer or his bank , these instruments have been used frequently in conjunction with Bank Guarantees, Government Bonds, Precious Metals, Real Estate and have assisting in funding numerous government supported projects around the world. Such transactions are always undertaken with a high level of confidentiality


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